News for the Hospitality Executive |
Marshall
Hotels
& Resorts to Manage the Crowne Plaza Hartford in
Hartford, the Connecticut, 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
“We expect to see a significant uptick in the number of properties either being sold or placed into receivership this year,” said Mike Marshall, president and CEO. “Our plan is to continue to add properties at a measured pace. We have the infrastructure in place to add some 10 new contracts in 2011. “Many properties have suffered significantly from the downturn and need capital and reinvigorated management with a clear-cut plan to take advantage of all the opportunities that the rebound is creating,” he added. “While a strengthening economy will positively impact all hotels, we believe that we still have a volatile operating environment that requires the right management and plan to break out from local market comp sets.” About the Properties:
Salisbury, Md.-based Marshall Hotels & Resorts, Inc. is celebrating 30 years as a hotel operating company. It 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 Hilton, Starwood, InterContinental Hotel Group, Hyatt, Choice and Wyndham. Additional information about Marshall Management may be found at the company's Web site: www.marshallhotels.com. |
Contact:
Jerry Daly, media Daly Gray Public Relations (703) 435-6293 [email protected]
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