Hotel Online  Special Report

The Marcus Corporation Plans to Acquire the Wyndham Milwaukee Center; 
Major Renovation and Repositioning Planned
MILWAUKEE - May 26, 2005-- Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE:MCS), today announced it intends to purchase the Wyndham Milwaukee Center hotel from MIP Milwaukee, LLC. Upon completion of the sale, Marcus Hotels & Resorts will own and manage the property. Terms of the transaction were not disclosed but is expected to close on Friday, May 27.

"The Wyndham Milwaukee Center will be an excellent addition to our distinctive portfolio of hotel properties. Its location in the heart of Milwaukee's financial and theatre district complements our other two downtown Milwaukee properties, the Pfister Hotel and the Hilton Milwaukee City Center and expands the options we can offer business travelers and planners of small group meetings and events," said Bill Otto, president and chief operating officer of Marcus Hotels & Resorts.

Otto said the company plans a major renovation and repositioning of the property. "We believe this property has the potential to be the centerpiece for Milwaukee's growing performing arts and business communities. With its high visibility and city center location surrounded by numerous restaurants and lounges, the hotel will become an enhanced asset to the continuing development of downtown Milwaukee. As a Milwaukee-based company, we are especially pleased to expand our presence in our home city," said Otto.

Located in the Milwaukee Center complex at North Water Street and East Kilbourn Avenue, the Wyndham Milwaukee Center has 220 rooms and 12,000 square feet of flexible banquet and meeting space. In addition to its restaurant and lounges, other amenities include high-speed Internet access and on-site parking.

The Wyndham Milwaukee Center will be the seventh company-owned property for Marcus Hotels & Resorts, which currently owns or manages a distinctive portfolio of 11 hotels and resorts that are leaders in their markets. The company owns and operates the Four Points by Sheraton Chicago Downtown/Magnificent Mile; the Grand Geneva Resort & Spa, Lake Geneva, Wis.; Hilton Madison at Monona Terrace, Madison, Wis.; Hilton Milwaukee City Center, Milwaukee, Wis.; Hotel Phillips, Kansas City, Mo.; and the Pfister Hotel, Milwaukee, Wis. Managed properties are Beverly Garland's Holiday Inn, North Hollywood, Calif.; Crowne Plaza-Northstar, Minneapolis, Minn.; Hilton Garden Inn-Northwest, Houston, Tex.; Hotel Mead, Wisconsin Rapids, Wis.; and Timber Ridge Lodge and Water Park, Lake Geneva, Wis. The company also owns and operates the Marcus Vacation Club at Grand Geneva, Lake Geneva, Wis. Other new properties are currently under development in Las Vegas and Oklahoma City.

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. 


The Marcus Corporation
Peter Rockwood

Also See: The Historic Claridge Hotel, Chicago Undergoing Renovation to be InterContinental Hotels Group Second Hotel Indigo / March 2005
Intercontinental Hotels Group Embarks on Seventh Brand; The Hotel Indigo (TM) Brand Created Primarily for Conversions / April 2004

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.