Sage Hospitality Announces Two Hotel Management Contracts

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. September 19, 2012

September 19, 2012 - Denver-based Sage Hospitality, an established leader in hotel management, is pleased to announce that it has entered into new management contracts with affiliates of Wheelock Street Capital for hotels in Minneapolis and San Diego, expanding Sage's total portfolio to 59 hotels.

Sage is currently in a period of aggressive growth. Sage has added more than 20 properties to its portfolio in the past 12 months, including the Embassy Suites Denver -Downtown/Convention Center, the SpringHill Suites Denver Downtown at Metropolitan State and 12 Marriott hotels in Ohio.

Sage has been hired to run the DoubleTree Suites by Hilton Minneapolis, the only full-service, all-suite hotel in downtown Minneapolis, offering 229 suites and 1,162 square feet of meeting space.

In addition, Wheelock recently acquired the Hilton San Diego/Del Mar, which will continue to be managed by Sage. Conveniently located across from the Del Mar Racetrack, the hotel features 257 oversized guest rooms, 17,000 square feet of meeting space, two restaurants and an outdoor pool.

“Sage welcomes our new hotels and we are pleased that with our strong growth pattern,” said Michael Everett, Chief Investment Officer at Sage Hospitality. “We believe that our track record of driving results will result in great success for both of these properties.”

About Sage Hospitality
Sage Hospitality was founded in 1984 and has grown into one of the largest privately held hotel management and ownership companies in the nation operating more than 60, full-service hotels as well as extended stay and select-service properties. Sage Hospitality's portfolio includes brands from major international companies such as Marriott, Starwood and Hilton, as well as independent boutique hotels. Sage Restaurant Group created and manages 10 unique restaurant concepts including the acclaimed Mercat a la Planxa in Chicago. For more information, please visit www.sagehospitality.com.

About the Hilton San Diego/Del Mar
The Hilton San Diego/Del Mar Hotel is one mile from the beach and 20 minutes from downtown San Diego. The hotel has 257 oversized guest rooms and 17,000 sq. ft. of meeting space with gracious amenities. Rooms offer private patios and the hotel has two outdoor whirlpools and a heated pool. Food and beverage offerings include Polo's Lounge and Silk's Restaurant, which offers California cuisine with an extensive wine list. The hotel is located directly across from the Del Mar Racetrack and San Diego County Fairgrounds, which host numerous outdoor events each year. To learn more, visit www.sandiegodelmarhilton.com

About the DoubleTree Suites by Hilton Hotel Minneapolis
The DoubleTree Suites by Hilton Hotel Minneapolis in located in the heart of downtown Minneapolis, nearby to Fortune 500 companies such as Target, Wells Fargo and US Bank and a short walk to the Minneapolis Convention Center. This full-service hotel offers 229 spacious suites, each equipped with a living area and bedroom, mini refrigerator, microwave and wired and wireless high-speed Internet access, plus a fully equipped fitness center and a stylish restaurant and lounge. For further details, please www.placesdoubletree.com/minneapolis.