Page 24 - URGO Hotels

Historical Experience
– Conversion Two Properties to Residence Inn by Marriott (Bethesda, MD and Montreal)
Urgo Hotels converted the Guest Quarters Apartments in Bethesda, MD to a Residence Inn by Marriott, and
also converted Richelieu Towers Apartments in downtown Montreal to a Residence Inn by Marriott. Both
projects have been extraordinarily successful.
– Development of the Courtyard and Residence Inn at the Montreal Airport
Urgo Hotels developed a 329 room hotel Marriott hotel complex at the Montreal airport. Urgo Hotels is an
owner of the property and operates the property. Urgo developed the two hotels together sharing common
facilities including roughly 7,000 square feet of meeting space, back of house space, a pool, health club, and
other amenities. This development was the first of its kind for Marriott and won the best opening award from
Marriott. This Courtyard Hotel also achieved the highest guest satisfaction in the Courtyard system and
consistently achieves the highest RevPAR in the market which includes Marriott and Hilton full service hotels.
– Repositioning Americana Hotels Realty Corporation
Urgo Hotels was successful in repositioning and selling Americana Hotels Realty Corporation’s portfolio of
eight full service hotels including four full service Hiltons, in a short period of time, exceeding the
expectations of Americana.
– Blakeley Maddox Investments
Urgo Hotels assumed control and management of Blakeley Maddox Investments’ eight-hotel portfolio
including seven Sheratons, taking over the existing management entity overnight. After assuming
management, Urgo was successful in repositioning, renovating, and disposing of the hotels in under two
years, achieving exceptional results for the ownership in a brief period of time.
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