Contracts in the 2005 Fourth Quarter
|SALISBURY, Md., January 4, 2006—Marshall Management, a leading, mid-sized
hotel management company, today announced that it signed five new management
contracts in the 2005 fourth quarter. Three of the five properties
are located in North Carolina and two are in Florida.
“We had a very active year in 2005, a trend we see continuing into 2006,” said Michael Marshall, president. “We continue to aggressively pursue new management opportunities with owners who want operators who can maximize returns and enhance margins.
“We also are seeing a trend among owner/operators who want to maintain ownership but become less involved in the day-to-day operations. As a result, they are seeking management companies with a proven track record and that share their passion and operating philosophy. We believe this trend will continue as the current baby boom generation continues to mature.”
All three of the North Carolina properties are located in Cherokee in a resort area adjacent to the Great Smoky Mountains National Park and close to Harrah’s Cherokee Casino and numerous other tourist attractions. The properties include:
The two Florida properties are located in Kissimmee, near Walt Disney World and other tourist attractions. The properties include:
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 properties. Located in Salisbury, Md., the company has managed a wide array of leading hotel brands, including Hilton, Sheraton, InterContinental Hotel Group, Choice and Cendant.
|Also See:||Marshall Management, Inc. Signs Contract to Manage La Quinta Inn & Suites in Albany, New York / October 2005|
|Charles Marshall Elevated to Chairman and Founder of Marshall Management, Michael Marshall Named CEO and President / August 2005|