Industry Update
Press Release29 October 2020

Urgo Hotels & Resorts Assumes Management of Two Ohio Marriott-Branded Hotels

Courtyard Dayton South/Mall and Courtyard Toledo Airport Holland - Join Expanding Third-Party Management Portfolio

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Urgo Hotels

Officials of Urgo Hotels & Resorts, a leading hotel company that develops, owns and operates hotels and resorts throughout the United States, Canada and the Caribbean, today announced that it has added two Marriott-branded hotels, the 146 room Courtyard Dayton South/Mall and the 149 room Courtyard Toledo Airport Holland to its expanding portfolio of managed hotels. The two hotels are owned by Skyline Investments, a Canada-based hotel real estate investment group with a portfolio spanning the U.S. and Canada.

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"With the addition of these Courtyard by Marriott hotels, Urgo Hotels & Resorts expands our reach into the Midwest," said Matt Jalazo, senior vice president of development, Urgo. "While the hotels mark our first entry into Ohio, we are exceptionally familiar with the Marriott brands, and these two hotels are our fifth and sixth Courtyards and 26th and 27th Marriott-branded hotels overall.

"Since the beginning of the pandemic, we have focused on providing third-party management solutions and runway capital to our existing and new partners, as well as acquiring properties and debt secured by properties," Jalazo added. "Over our nearly 50 year history, Urgo has persevered through multiple cycles, and we believe our expertise and experience can offer a proven advantage to hoteliers during this unprecedented time in our industry."

To address guest concerns, Urgo has gone beyond brand standards to implement its own proprietary cleaning and safety protocols.

"Urgo has been fortunate to have a phenomenal sales and marketing team that has been able to locate business in otherwise depressed markets," Jalazo noted. "As a result, our entire portfolio currently is open, and we have grown our portfolio RevPAR index substantially since April."

About Skyline Investments

Skyline Investments is a Canadian company that specializes in hospitality real estate investments in the United States and Canada. The Company currently owns 18 income-producing assets with 3,301 hotel rooms and 89,869 square feet of commercial space, and development lands with rights for approximately 2,315 residential units located in three main areas north of Toronto, Canada.

Related Brand

Courtyard

Courtyard has long led the industry when it comes to meeting the needs of the modern business traveler. Since breaking into the market 30 years ago as a brand built for business, Courtyard has continuously evolved, pushing the boundaries of design, style and service in the upscale category.
brand information
Other Brands operated by Urgo
Autograph Collection Hotels
Comfort Suites
Fairfield Inn & Suites®
Hampton by Hilton
Hilton Garden Inn
Hilton
Holiday Inn Express
Homewood Suites
Indigo
Marriott
Moxy
Renaissance
Residence Inn
SpringHill Suites

About Urgo Hotels & Resorts

Urgo Hotels & Resorts is a Bethesda, Md.-based hotel company that develops, owns and/or operates distinctive and unique hotels and resorts in major markets and resort locations in the U.S, Canada and the Caribbean. The current portfolio is comprised of 44 hotels with more than 6,400 rooms, including eight under construction and an active pipeline of acquisition and development projects. Urgo has invested heavily over the years in its third-party management team and systems to help owners who are looking for a more personalized touch. Additional information about the company may be found at www.urgohotels.com.

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