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Marshall Management Signs Three New Management Contracts; 
Co-invests in the Quality Inn Naval Base, Norfolk, Virginia


SALISBURY, Md., July 10, 2007 � Marshall Management, a leading mid-sized hotel management company, today announced that it has added three contracts to its management portfolio, bringing to seven the number of new contracts added year-to-date in 2007.  The new contracts include:  

Quality Inn Naval Base, Norfolk, Va. --The 120-room hotel, located at 8051 Hampton Boulevard, recently converted to the Quality Inn brand and will undergo a $600,000 renovation, including new soft goods and case goods.   Marshall Management also is a minority investor in the project.  �We have the financial strength to co-invest with owners when appropriate and continue to seek additional opportunities,� said Mike Marshall, president and CEO of Marshall Management.  

Holiday Inn Parkway East, Pittsburgh, Pa. --Located at 915 Brinton Road, the 177-room hotel focuses on transient and leisure travelers, as well as mid-sized meetings.  The hotel has more than 6,500 square feet of meeting space and can accommodate groups of more than 250 people. 

Riveredge Resort, Alexandria Bay, N.Y. -- Located on Alexandria Bay on the St. Laurence Seaway in the heart of the Thousand Islands, the full-service, first-class resort features 2,000 square feet of dock space, sightseeing cruises and guided fishing trips.  Surrounded by water on three sides, the 129-room property features the upscale Windows on the Bay restaurant and a lounge.  The hotel can accommodate groups of more than 300 people.

�We believe there is a significant opportunity to improve margins and profitability at these hotels,� Marshall said.  �In a buoyant economy, virtually all hotels show increased revenues, but too many operators do not bring enough of those improvements to the hotel�s bottom line.  We have developed proprietary management and marketing systems and programs that generate an immediate impact on a hotel�s performance.  All three hotels already have shown a substantial improvement in guest satisfaction and profitability. 

�This is our seventh contract this year and we are well on our way to exceed the 11 properties we added last year,� he said.  �We have an extremely active pipeline of properties in more than 11 states.  

�Concurrently, several of our existing owners have sold their hotels to harvest substantial profits from their initial investment,� he said.  �This natural, cyclical turnover in our portfolio allows us to continue to provide hands-on senior management attention to each property we operate.  We have the size and management depth to continue to generate superior returns yet small enough---a target portfolio size of 25 to 40 hotels�to know all of our properties in great detail.�  

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, Choice and Wyndham.  Additional information about Marshall Management may be found at the company�s Web site: www.marshallhotels.com.

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Contact:

Rick Day
  Senior Vice President � Sales and Marketing
  Marshall Management, Inc.
  (410)749-8464
  [email protected]
 

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Also See: Marshall Management Signs Contracts to Operate Four Hotels Under Construction / May 2007
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