Prestige Hospitality Group to Manage 68-room Sleep Inn in Urbana, Illinois

. October 03, 2014

Albany, NY - October 3, 2014 - Prestige Hospitality Group announced that it has been awarded the operations and management contract for the Sleep Inn located in Urbana, Illinois. Under this new assignment, Prestige Hospitality Group (PHG) will be responsible for daily hotel operations, marketing and business development at the 65 room select service hotel.

"This new contract represents PHG's sixteenth property under management and our first in Illinois," said Justin D. Smith, President and Chief Operating Officer of Prestige Hospitality Group. "We are extremely proud of the company's continual growth and excited to enter the Midwest market."

The Sleep Inn is located at 1908 N Lincoln Avenue, in close proximity to Market Place Shopping Center, the University of Illinois at Urbana-Champaign, Carle Foundation Hospital, Krannert Center for Performing Arts and other destinations in Champaign County. Hotel amenities include an indoor pool, fitness center, and complimentary continental breakfast.

"With more than 1,500 hotel rooms under management, we are proud to bring our experience and expertise to this property," said Mr. Smith.

About Prestige Hospitality Group

Prestige Hospitality Group owns, develops and manages hotels and hospitality properties throughout the northeast. PHG provides operational, financial and strategic management services for a mixed portfolio of franchised and independent, full service, select service and limited service hotels. PHG cumulatively oversees a portfolio grossing more than $45 million dollars annually. Headquartered in Albany, New York, PHG currently manages hotels in New York, Connecticut, Massachusetts and Illinois. Prestige Hospitality Group can be found on the web at www.prestigehg.com.

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