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Operate Four Hotels Under Construction |
SALISBURY, Md., May 15, 2007 � Marshall Management, a leading, mid-sized
hotel management company, today announced that it has expanded its management
portfolio with four hotels currently under construction. The hotels
include two properties in Baltimore, a 130-room Indigo Hotel and a 100-suite
Staybridge Suites; a 126- suite Summerfield by Hyatt in Norfolk, Va., and
a 126-room, ocean-front Hampton Inn in Virginia, Va.
Marshall noted that the Hotel Indigo, Staybridge Suites and Hyatt Summerfield Suites, all relatively new brands, will be the first in the company�s management portfolio. �We have managed more than 30 mid-market and upscale brands in our 27 year-history and look forward to bringing our proprietary systems to these emerging brands,� he said. �We are seeing a great deal of activity across the country and expect a record year of growth in management contracts in 2007,� Marshall said. �There are a significant number of owners who are seeing top-line revenue growth, but are not seeing corresponding growth in the bottom line. As a result, a significant number of owners are seeking management companies that produce higher margins and profitability, especially as they anticipate a slowing in the economy. Salisbury, Md.-based 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 and unique urban properties. The company has managed a wide array of leading hotel brands, including Hilton, Starwood, InterContinental Hotel Group, Hyatt, Choice and Wyndham. Additional information about Marshall Management may be found at the company�s Web site: www.marshallhotels.com. |
Contact:
Rick Day
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