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CORAL HOSPITALITY AWARDED MANAGEMENT CONTRACT FOR THE SAVOY HOTEL ON MIAMI'S SOUTH BEACH

August 8, 2011 – NAPLES/MIAMI, FLA. – Coral Hospitality, a full-service hospitality management and investment company specializing in hotels, clubs and residential communities, has been awarded the management contract for The Savoy Hotel on Miami’s World Famous South Beach. The 75 suite hotel was recently acquired by Allied Partners, NY, and will undergo a multi-million dollar refurbishment.

The Savoy is located on Ocean Drive directly on the beach in the heart of South Miami Beach's Art Deco district, only steps from the exciting cafes, boutiques and nightlife. It is nestled in a two acre tropical paradise that stretches from Ocean Drive to the beach. Many of its spacious one and two bedroom suites offer views of the ocean and tropical poolside. Additional hotel amenities include two outdoor swimming pools, a poolside fitness center, an ocean view sundeck, a restaurant and lounge, banquet and meeting space.

“The Savoy is a classic South Beach property that enjoys one of the best locations on Ocean Drive,” said Lee Weeks, CEO, Coral Hospitality. We are looking forward to managing this property as it undergoes a multi-million dollar renovation and re-positioning in the coming months that will restore the charm, quality and excellence of service that guests expect in a South Beach hotel,” added Weeks.

The Savoy Hotel is located at 425 Ocean Drive, Miami Beach, FL. It is a 10-minute drive to Miami International Airport and The Port of Miami. For more information and reservations visit online at www.SavoyMiami.com or 800-237-2869.

About Coral Hospitality
Coral Hospitality, ranked a Top 5 independent management firm for the past eight years, is a full-service hospitality management and investment company specializing in beach, mountain and golf resorts. Coral Hospitality has widened its spectrum to include a diverse portfolio of resorts, hotels, condominiums, private golf clubs, spas and community associations. Currently managing a collection of more than 25 properties throughout the southeastern United States and Caribbean, Coral Hospitality operates each with a core belief in providing thoughtful service in unique surroundings. Coral Hospitality continues to pursue a growth plan to enhance its portfolio with new resorts and clubs, as well as identifying additional capital partners with similar interests in developing and managing unique properties within the hospitality industry
For more information visit online at www.CoralHospitality.com.

Media Contact:
Gayle MacIntyre
Global Ink Communications
404.643.8222
GayleMacIntyre@bellsouth.net

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