New Castle Hotels & Resorts to Manage The Marx Conference Center in Syracuse, NY

. October 14, 2008

SHELTON, CT, December 16, 2005. New Castle Hotels & Resorts, a leading third-party management and hotel development company, will manage The Marx Hotel & Conference Center, Syracuse's first true conference center.

The Marx offers 280 guest rooms, four luxury suites, a full-service restaurant, 9,000 square feet of dedicated meeting space, and a 3,500-square-foot catering hall on the hotel's 20th floor. The hotel's meeting space is equipped with advanced presentation technology, ergonomic furnishings and broadband connectivity. Guest rooms feature The Marx's signature desk fully outfitted with task lighting and ergonomic seating, two-line phones with speaker and conference capabilities, complimentary high speed Internet access and a 27-inch television with 80 channels. Additional guest room amenities include voicemail, over-size in-room safes, designer personal care products, irons and ironing boards, and in-room coffeemakers with signature coffee.

New Castle's management credits include such world-class resorts as the Westin Nova Scotian in Halifax, Nova Scotia.

"The Marx hotel is the finest hotel in the Syracuse Market and NCHR will

assist the property management in attaining the best results in the area," says Gerald P. Chase, president, chief operating officer of New Castle. "Under the leadership of General Manager Tom Hart, The Marx has improved its RevPAR to nearly 100 percent market share in the past year. By adding New Castle Hotels & Resorts' sales and marketing systems, and operation expertise, we believe this property can increase its share and add points to the bottom line."

New Castle Hotels & Resorts owns and/or manages 22 resorts and hotels in the United States and Canada. The hotel management company consistently ranks in the country's top 100 hotel management and development companies in hospitality industry trade publications. New Castle celebrates its 25th anniversary in 2005. For more information on New Castle Hotels & Resorts, please contact Gerald P. Chase, president, chief operating officer, at (203) 925-8370, or visit the corporate Web site at www.newcastlehotels.com.

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