| SALISBURY, Md., January 4, 2006�Marshall Management, a leading, mid-sized
hotel management company, today announced that it signed five new management
contracts in the 2005 fourth quarter. Three of the five properties
are located in North Carolina and two are in Florida.
�We had a very active year in 2005, a trend we see continuing into 2006,�
said Michael Marshall, president. �We continue to aggressively pursue
new management opportunities with owners who want operators who can maximize
returns and enhance margins.
�We also are seeing a trend among owner/operators who want to maintain
ownership but become less involved in the day-to-day operations.
As a result, they are seeking management companies with a proven track
record and that share their passion and operating philosophy. We
believe this trend will continue as the current baby boom generation continues
to mature.�
All three of the North Carolina properties are located in Cherokee in
a resort area adjacent to the Great Smoky Mountains National Park and close
to Harrah�s Cherokee Casino and numerous other tourist attractions.
The properties include:
-
Holiday Inn Cherokee�The award-winning154-room, full-service hotel, features
indoor and outdoor swimming pools, a whirlpool, approximately 2,500 square
feet of meeting space capable of serving up to 300 people, the Chestnut
Tree Restaurant and a health and fitness center.
-
Hampton Inn Cherokee�The 67-room, focused-service hotel offers an outdoor
swimming pool, free hot breakfast and free wireless, high speed Internet
access.
-
Best Western Great Smokies Inn�The 152-room full-service hotel�s amenities
include an outdoor swimming pool, meeting space capable of serving 650
people and Myrtles Table restaurant.
�All three hotels are in excellent physical condition,� Marshall
said. �We will work closely with area tourist attractions and implement
highly targeted programs to attract guests to the hotels and area.�
The two Florida properties are located in Kissimmee, near Walt Disney
World and other tourist attractions. The properties include:
-
Holiday Inn Maingate West--Located at 7601 Black Lake Rd., the six-story,
295-room hotel is near Walt Disney World, Sea World, Universal Studios
and the Orlando International Airport. The hotel features a fitness
center with a Recreation & Sports Court, 1,624 square feet of meeting
space that can accommodate up to 150 people, the Palms Restaurant and an
outdoor pool.
-
Days Inn Eastgate�The 200-room property is situated three miles from Walt
Disney World, at 5245 Irlo Bronson Hwy., and is in easy walking distance
to area restaurants, golf courses and shopping centers. The property
features complimentary shuttle service to local tourist attractions, such
as Universal Studios and Sea World, wireless Internet access in the lobby,
an outdoor pool, and banquet and meeting space that can accommodate up
to 100 people.
�We have a long, proven track record in Florida and will take advantage
of the two hotels� proximity to some of the nation�s most popular tourist
locations,� Marshall said. �This brings to 15 the number of properties
we have managed in Florida, and we continue to look for opportunities in
the Southeast and across the country.�
Marshall Management, founded in 1980, has special expertise in operating
three- and four-star branded hotels and resorts, averaging 100 to 400 rooms,
in urban and central business districts, suburban/drive-to and resort locations.
In addition, the company has a proven track record managing independent
resort properties. Located in Salisbury, Md., the company has managed
a wide array of leading hotel brands, including Hilton, Sheraton, InterContinental
Hotel Group, Choice and Cendant.
|
