Obaluxe Has Assumed Management of Holiday Isle Resort

. March 27, 2009

WEST PALM BEACH, FL, March 27, 2009 - Obaluxe Hotel Advisors announced today that the group will continue to manage the Holiday Isle Beach Resort & Marina. Situated in Islamorada on the northern end of the Florida Keys. Obaluxe will work directly with the Holiday Isle management team and offer assistance in asset management, operations, sales & marketing, strategic planning and market research functions.

Obaluxe Hotel Advisors is the third party management arm of The Obadon Hotel Group, which owns and manages a collection of luxury hotels including the historic Brazilian Court Hotel in Palm Beach and the Mayfair Hotel & Spa in Coconut Grove. As a full-service hospitality industry asset management and consulting firm based in West Palm Beach, Fla., Obaluxe's diverse experience includes significant background in the areas of hotel development, renovation and property management with a renowned client roster.

"We are thrilled to work with the team at Holiday Isle," said Jay Litt, executive vice president of Obaluxe and hospitality industry veteran. "As the world has become increasingly cost conscious, Holiday Isle is the perfect spot for south Floridians to quickly escape for a vacation in their own backyard. We have some exciting plans for Holiday Isle that we plan to implement in the near future to refresh the property for a new generation of travelers to enjoy, even in today's economy."

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