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from Economy Segment to the Mid-market Segment |
MILWAUKEE, Wis., December 14, 2000 � Baymont Inns & Suites, the
mid-market, limited-service hotel brand of the Marcus Corporation (NYSE:
MCS), unveiled a number of new growth initiatives to its franchisees at
the brand�s annual conference held recently in Williamsburg, Va.
Reflecting the conference theme of �A Brand New Vision,� Baymont focused
on the success of its strategy to reposition the brand in the mid-priced
lodging segment and outlined its new strategies for growth.
�We have made the successful transition to the Baymont brand name over
the past two years, and it is now time to move to the next level,� said
James Abrahamson, Baymont Inns, Inc. president and chief operating officer.
Abrahamson said the brand will continue its planned migration from the economy segment to the mid-market segment. �Our goal is to be best in class in the mid-market segment, and we are taking bold initiatives to achieve that goal.� He noted that the brand�s growth strategy will be to focus on the customer, adhere to strict quality and consistency standards, provide exceptional service to guests and franchisees and create value for guests. �Over the next 12 months, we will launch a number of innovative programs�ranging from new, highly distinguishable amenities to a new, competitive frequent guest program�that will further separate Baymont from its peer group,� he said. Abrahamson said that the brand has aggressive plans to expand nationwide. Baymont Inns & Suites added 11 new properties to the system in the past 12 months and has 30 under development. �Our goal is to move from our current size of 174 properties to 500 hotels open or under development within five years,� Abrahamson said. �We will add properties in existing locations, while providing adequate areas of protection for our current franchisees� properties, and expand into new parts of the country, particularly the West Coast and in New England, where one of our franchisees just opened a highly successful Baymont in the Boston metro market. We expect to open our 200th property sometime in late 2001.� Baymont also will aggressively step up its consumer marketing efforts, according to Norman Cavin, Baymont�s senior vice president of marketing and sales. �We are completing extensive consumer research and testing new amenities and innovations and will soon enhance our product to respond to changing consumer preferences.� Cavin said that Baymont will use a multi-media approach to marketing in 2001, anchored by a new national advertising program. He pointed out that the company will expand its national sales team to broaden the brand�s efforts in the corporate, travel agent, government, group and leisure travel markets. A cornerstone will be the launch of a new frequent guest program in the first quarter of 2001. The company also will step up its e-commerce capabilities, implementing seamless connectivity, a two-way reservation program and an enhanced Web site. New brand initiatives will make Baymont �easy to do business with,�
said Daniel Daniele, president of Baymont Franchises International, Inc.
�Our focus will be on the five �B�s�: business work environment within
the room, the bath, bed, breakfast and benefits. In the coming 12
months, we will launch a number of unique initiatives that will truly set
Baymont apart for both the mid-market franchise community and for business
and leisure travelers.
Headquartered in Milwaukee, Wis., Baymont Inns & Suites is owned, operated and franchised by the Milwaukee-based Marcus Corporation (NYSE: MCS), which comprises four divisions: limited-service lodging, hotels/resorts, movie theaters and restaurants. In addition to the more than 170 Baymont Inns & Suites, The Marcus Corporation operates seven Woodfield Suites in Illinois, Wisconsin, Colorado, Ohio and Texas, and operates hotels and/or resorts in Wisconsin, California, Minnesota and Missouri. Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. |
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Jerry Daly or Carol McCune (703) 435-6293 www.baymontinns.com |