WATERFORD HOTEL GROUP PROMOTES ARTHUR GERMAIN III TO
GENERAL MANAGER OF COURTYARD BY MARRIOTT, ORANGE, CT


(Waterford, CT – July 26, 2006) --- Waterford Hotel Group today announced the recent promotion of Arthur Germain III to General Manager of the Courtyard by Marriott in Orange, Connecticut. Germain assumes this role after having served as Assistant General Manager of the hotel for just over one year. The Orange Courtyard, located just off I-95 and Exit 41, surrounds travelers with the conveniences that make business and pleasure travel easy. Waterford Hotel Group, Inc., a national hotel management firm, professionally manages the 121-room hotel.

As General Manager, Germain will be responsible for all phases of the hotel’s operations, sales and administration, including the management of 40 associates. Germain has more than 15 years of experience in the hospitality industry having worked in numerous capacities, including Front Office Manager, Controller, Director of Sales, and General Manager.

“Arthur has done a wonderful job for us at the Orange Courtyard over the past year and is well-respected by the hotel team. He is most deserving of this promotion and we wish him great success in this new role,” commented Terry Bickhardt, President and COO, Operations and Marketing, for Waterford Hotel Group, Inc. Germain currently resides in New Britain, CT.

About Courtyard by Marriott - Orange, CT
The 121-room Courtyard in Orange, CT features meeting facilities, complimentary high-speed internet access, in-room coffee, an outdoor pool, an exercise room, and 24 hour Grab & Go market. Conveniently located off of I-95, the hotel is located minutes from Yale University and downtown New Haven. The HYPERLINK "http://www.Courtyard.com/default.asp" Courtyard by Marriott is widely recognized as the leader in moderate-priced lodging, providing quality accommodations, friendly service, and carefully selected features and amenities to guests worldwide. Courtyard by Marriott was created in the early 1980s after extensive research into the preferences of frequent business travelers. It is known as "The Hotel Designed by Business Travelers" and is preferred by business and leisure travelers alike.

About Waterford Hotel Group, Inc.

Waterford Hotel Group, Inc., with headquarters in Waterford, CT, currently manages 26 properties in 8 states. Waterford Hotel Group has experience operating virtually every type of hotel property, including limited services properties, all-suite hotels, conference centers, and large full service and resort properties. The company's approach to hotel development and operations is hands-on, and features frequent site visits and constant communication with customers and partners. Additionally, Waterford Hotel Group offers centralized accounting, financial reporting, strategic marketing, human resources, and day-to-day operations management systems to increase market share and profitability at all properties.

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