StepStone Hospitality Adds Four Hotels to its Management Portfolio

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. April 22, 2013

PROVIDENCE, RI - April 22, 2013 - Providence-based StepStone Hospitality, a hospitality management company specializing in management for full-service and select-service hotel operations, today announced that the company has doubled in size—adding four new managed properties in the past three months. The company plans to add three additional managed hotels during the first half of 2013, with additional hotels expected to be added in the near future.

"We are proud of our growing portfolio and the fact that we have doubled the number of managed hotels during the past few months," said Thomas Russo, chairman and CEO, StepStone Hospitality. "We are pleased to have a portfolio which includes a combination of full-service and select-service Marriott and Hilton properties as well as an independent property, putting us in the company of the industry's most elite hotel management organizations."

The newly managed hotels include:

• 74 State Hotel . Located in Albany, N.Y., 74 State Hotel is the capital city's only downtown boutique hotel. Conveniently located on historic State Street in the heart of Albany's business and entertainment districts, the hotel is located just steps from the Capitol Building, federal courthouse and Times Union Center; and minutes from the Amtrak Station and Albany International Airport. The boutique hotel offers 74 upscale guest rooms, event space for up to 150 people, valet parking and a three-leaf rating from the Audubon Green Leaf Eco-Rating Program. Dining options include Marche Bistro and Bistro/Bar at 74. (www.74state.com)

• New Orleans Marriott Metairie at Lakeway . The 220-room New Orleans Marriott Metairie at Lakeway is an oasis of luxury along the scenic shores of Lake Pontchartrain in Metairie, a thriving business and residential suburb of New Orleans. The hotel is situated between Louis Armstrong International Airport and the legendary French Quarter. With 187 spacious guest rooms and 33 luxury suites, this state-of-the-art hotel is ideal for leisure and business travelers. The hotel offers more than 6,500 sq. ft. of flexible meeting space to accommodate events for up to 200 people and is equipped with teleconferencing and videoconferencing capabilities. Bistreaux Metairie serves timeless favorites and regional cuisine. The hotel is only seven miles from downtown New Orleans and is adjacent to the 24-mile Causeway Bridge - the world's longest bridge extending over water. neworleanslakesidehotel.com

• Courtyard Marriott Fort Lauderdale Beach . Surrounded by world-class beaches and the sophisticated energy of the city of Ft. Lauderdale, this 262-room hotel is nestled between the Atlantic Ocean and the Intracoastal Waterway. Guestroom options at the Courtyard Marriott Fort Lauderdale Beach include 171 spacious guest rooms, and 88 king suites with separate sleeper sofa alcoves. In-room amenities include: flat-screen LCD high-definition televisions with premium cable channels and pay-per-view movies; mini refrigerator, coffee and tea makers; and complimentary high-speed wired and wireless Internet connection. Blue Water Restaurant and Bar is available for dining and room service. Adjacent to famed Las Olas Boulevard, the hotel is close to upscale shopping, fine dining, and evening entertainment. www.ftlauderdaleoceanfront.com

• Courtyard Marriott Columbia Downtown USC . The Courtyard Marriott Columbia Downtown USC resides on the campus of the University of South Carolina and is located just seven miles from the Columbia Metropolitan Airport, making it the perfect choice for business and leisure travelers. The 189-room hotel is minutes from the South Carolina State Capitol Building, Colonial Life Arena, and the Koger Center for the Arts. For events, the hotel offers three meeting rooms and over 5,200 sq. ft. of meeting space. The historic shops and restaurants of the Five Points District and Historic Vista Area are just two blocks away. The hotel offers a complimentary airport shuttle and shuttle service within a three-mile radius of the hotel. www.courtyardcolumbiausc.com

Other managed hotels in the StepStone Hospitality portfolio include the Doubletree Sawgrass Mills-Sunrise in Florida, Hampton Inn Boston-Braintree, Minneapolis Marriott Northwest and Springhill Suites Boston-Peabody.

About StepStone Hospitality

Founded in 2007, Rhode Island-based StepStone Hospitality specializes in management for full-service and select-service hotel and restaurant operations. The company provides a unique combination of strong, hands-on operations, world-class strategic asset management, and food and beverage expertise, maintaining a balanced focus between revenue enhancement, margin expansion and guest satisfaction.