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Coral Hospitality Awarded a Second Five Year Management Contract for Georgia's Brasstown Valley Resort & Spa and Lake Blackshear Resort & Golf Club

ATLANTA and NAPLES, Fla., April 13 - /PRNewswire/ - Coral Hospitality, a full-service hospitality management and investment company specializing in resorts, hotels, clubs and residential communities, has received approval from the North Georgia Mountains Authority (NGMA) to extend its management contract for Brasstown Valley Resort & Spa, Young Harris, GA, and Lake Blackshear Resort & Golf Club, Cordele, GA, for an additional five years. The management contract for the two state-owned resorts was first awarded to Coral Hospitality in 2005, when the NGMA conducted a national search with more than 100 hospitality management companies responding to the request for proposals. Coral Hospitality was selected over this large number of competitors, winning the contract over some much larger competitors.

"We are honored that the North Georgia Mountains Authority has agreed to extend our contract to manage these two wonderful state owned resorts for an additional five years," said Lee Weeks, CEO, Coral Hospitality. "These are two of the finest facilities for conferences and recreation in all of Georgia, and it is a privilege to work with the DNR and NGMA to ensure their ongoing success and to have them as resources for Georgians as well as visitors to the state," added Weeks.

"We are very pleased with the operations, service and financial performance that Coral Hospitality has delivered over the past five years in managing these two resorts, and we look forward to our ongoing relationship," said Bill Donohue, Executive Director, North Georgia Mountain Authority. "Coral Hospitality has proven to be an excellent management company with a great sensitivity to the needs of our state and its citizens," added Donohue.

About the Resorts

Brasstown Valley Resort & Spa is situated within a protected forest in the Blue Ridge Mountains in North Georgia. Located on 503 acres at the foot of Georgia's highest peak, Brasstown Bald, the Resort includes 134 guestrooms in a main lodge and surrounding cabins. The Resort also offers 14,298 square feet of state-of-the-art conference facilities and meeting space, an 18-hole Scottish links-style Denis Griffiths & Associates golf course, an Equestrian Center and stables, as well as the Equani Spa which opened in 2008.

Lake Blackshear Resort is situated in South Georgia on the tranquil 8,700-acre Lake Blackshear and inside the 1,308-acre Georgia Veterans Memorial Park. The Resort offers 64 Villas, 14 Lodge guestrooms and 10 Lakeside Cottages. For meetings and events the resort has 7,692 square feet of dedicated conference space, as well as the 50 passenger boat "Liberty Lady," used for special events. It also features an 18-hole Denis Griffiths & Associates designed championship golf course. Additional amenities and recreation include fishing and boating from the resort's marina, a walking trail, and an indoor-outdoor swimming pool.

Under the terms of the agreement Coral Hospitality will continue to manage all operations for the two resorts including, rooms, food and beverage, banquet and conference facilities, as well as recreational services including the golf courses. At Brasstown Valley Resort, Coral will also continue to operate the Equani Spa and Equestrian Center, while at Lake Blackshear, Coral will continue to manage marina operations.

About Coral Hospitality

Coral Hospitality is a full-service hospitality management and investment company specializing in hotels, clubs and residential communities. John Ayres, Chairman, and Lee Weeks, Chief Executive Officer, bring more than six decades of five-star management experience to Coral Hospitality and its partners. With service and value as its major focal points, Coral Hospitality has widened its spectrum to include a diverse portfolio of resorts, hotels, condominiums, private golf clubs, marinas, spas and community associations. Currently managing a collection of more than 25 properties throughout the southeastern United States and Caribbean, Coral 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.

http://www.coralhospitality.com

SOURCE Coral Hospitality

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