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Marshall Hotels & Resorts Adds Two Management Contracts
and Two Receiverships

Properties in Maryland, Kentucky and Missouri

SALISBURY, Md., August 20, 2012—Officials at Marshall Hotels & Resorts, Inc., a leading hotel management and services company that operates properties nationwide and in the Caribbean, today announced that it has added two management contracts and two receiverships to its growing portfolio.  The managed hotels include the newly opened 113-room Hampton Inn and Suites in the resort town of Ocean City, Md., and the 122-room Country Inns and Suites at the Louisville, Ky. airport.  The two receivership properties, also managed by Marshall, are independent hotels located in Branson, Mo.

“There is significant activity by owners seeking new management companies and from lenders who are accelerating the number of properties they are taking back,” said Mike Marshall, president and CEO.  “Of note, we see a sharp increase in interest from developers who have been largely on the sidelines the past four years.  Although financing for new construction still remains difficult to obtain, deals are starting to get underwritten, and we expect to see a steady increase in this area due to our extensive expertise in both supervising construction and our track record in pre-opening and rapidly ramping up our hotels.

“We were quite active in pre-opening actives for The Hampton Inn and Suites in Ocean City, which opened earlier this month,” he said.  “The property is on the bay and offers both an indoor and outdoor swimming pool. We expect this property to perform well.  Our managed resort portfolio is enjoying its strongest summer in four years, a trend we see continuing.”

Marshall said the Louisville property will convert to the Four Points by Sheraton brand this fall, following an extensive renovation program that includes installing a full-service restaurant and bar.  The management company is developing the restaurant concept, name and menu.

The two Branson properties are in the limited-serviced segment and comprise 330 and 440 rooms respectively.  “We have already conducted extensive training and have significantly improved operations and guest satisfaction at both hotels,” he noted.  “Working with the lender, we are reviewing suitable brand options for the hotels.  We have strong relationships with all the major franchise brand families and currently are in negotiations.”

About Marshall Hotels & Resorts, Inc
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Salisbury, Md.-based Marshall Hotels & Resorts, Inc. has special expertise in operating three- and four-star branded hotels and resorts, averaging 100 to 500 rooms, in urban and central business districts, as well as 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 those under the Hilton, Starwood, InterContinental Hotel Group, Hyatt, Choice and Wyndham flags.  Additional information about Marshall Management may be found at the company's Web site: www.marshallhotels.com.

Contact:

Daly Gray Public Relations
Patrick Daly
(703) 435-6293
patrick@dalygray.com

 

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Also See: Robert Ferree Joins Marshall Hotels & Resorts as Vice President of Operations / March 2012

Marshall Hotels & Resorts Adds Six Management Contracts; Closes Out 2011 with 19 Additions to Management Portfolio / February 2012

Marshall Hotels & Resorts Signs Five Management Contracts / December 2011

Marshall Hotels & Resorts Signs First Contracts in the Caribbean; To Operate the Windward Passage Hotel in St. Thomas and the Wyndham Garden at Palmas del Mar in Puerto Rico / August 2011

Marshall Hotels & Resorts Adds Four Properties to Management Portfolio / July 2011

Marshall Hotels & Resorts to Manage the Crowne Plaza Hartford in Hartford, Connecticut, the Ramada Plaza Hagerstown, in Maryland, and the Best Western Deltona Inn, in Florida; Appointed as Receiver for the Comfort Inn Hotel in Hunt Valley, Maryland / March 2011

Marshall Hotels & Resorts Appointed Receiver for Four Points by Sheraton Hotel & Suites Allentown Airport, Holiday Inn Danbury, and Holiday Inn Buffalo Amherst Hotel / December, 2010

Jared Karras Joins Marshall Hotels & Resorts, Inc. as Vice President of Operations / November 2010

David Cavallaro of Marshall Hotels & Resorts, Inc., Named 2009 General Manager of the Year by Wyndham Hotels and Resorts / October 2010

Marshall Hotels & Resorts, Inc. Signs Five Management Contracts in Greater New York Metro Area / September 2010

Marshall Hotels & Resorts, Inc. Founder Chuck Marshall to Retire; Shifted Company Focus to 3rd Party Management Contracts and Grew Portfolio to 60 Hotels / June 2010

Marshall Hotels & Resorts, Inc. Adds 10 Management Contracts in 2009; First Contract of 2010 - 118-room Cavalier Inn on the University of Virginia Campus in Charlottesville / February 2010

Marshall Hotels & Resorts, Inc. Adds Five Management Contracts Including the 244-room Four Points by Sheraton Midtown-Times Square / July 2009

Marshall Management Takes New Name - Marshall Hotels & Resorts, Inc.; Now Operates 48 Hotels / February 2009

Marshall Management Acquires Contract to Manage Manhattan Four Points by Sheraton Chelsea / April 2008
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