Pyramid to Manage International Plaza Resort in Orlando

. October 14, 2008

BOSTON, MA, September 4, 2008. Pyramid Hotel Group, a Boston-based full service hotel management and advisory firm, was recently selected by UrbanAmerica to manage the International Plaza Resort & Spa located in Orlando, Florida. The 1,102-room luxury resort features 60,000 square feet of premiere meeting space and is located in the heart of Orlando's entertainment district.

"We are completely energized by our new association with this fine project," said Jim Dina, Chief Operating Officer and Principal of Pyramid Hotel Group. "The International Plaza Resort & Spa is being re-crafted as a first-class leisure and business destination. UrbanAmerica has executed a plan that will allow the hotel to provide an uncommon guest experience that will be serviced by some of the most passionate teams of associates in Orlando. We are confident that this combination will deliver the desired financial returns to their investors."

The International Plaza Resort & Spa is a 1,102-room hotel located on International Drive in the heart of Orlando's Convention Center corridor and entertainment district. The International Plaza Resort & Spa sits amidst 28 acres of lush, native palm trees and features an onsite day spa, three swimming pools, a miniature golf course and game room. The resort boasts over 60,000 square feet of event space, meeting rooms, ballrooms and flexible banquet spaces to accommodate virtually any function, from small meetings to large conferences. Guests are just minutes from SeaWorld, Aquatica, The Orange County Convention Center, and Universal Studios.

"We believe that Pyramid Hotel Group has the breadth and depth of experience to manage our asset," said Thomas Kennedy, COO and CFO of UrbanAmerica. "We are convinced that their passion, personal involvement and strategic oversight will make this a success."

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