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.
|Also See:||The 97-year-old Gibbs Building in Downtown San Antonio Being Transformed into a 91-room Hotel Indigo; IHG’s The Hotel Management Group to Operate the Hotel / April 2007|
|Developer Sanket Patel Planning a Red Roof, Sleep Inn and a Cambria Suites All In Downtown Baltimore / April 2007|