Preferred Hotels & Resorts Licenses Brand in Condominium Hotel Market

Preferred Hotels & Resort's parent company Preferred Hotel Group announced Tuesday the signing of individual deals with developers of three condominium hotel projects. The three properties in the U.S. and Caribbean that are among the first to become members of Preferred Hotel Group's newly formed sector are The Blue Rose in Orlando, the European Club in Hallandale Beach, FL; and The Watermark Turks & Caicos in the Caribbean. "The decision to selectively license in this market is a logical extension of the brand," said John Ueberroth, Chairman and CEO of Preferred Hotel Group. "As the Preferred name has gained strength over time, condominium hotel developers have increasingly viewed an affiliation with the brand as a tangible asset to the sales process." For more information, visit [www.preferredhotelgroup.com].

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