News for the Hospitality Executive |
SALISBURY,
Md., February 2, 2012—Officials of Marshall
Hotels & Resorts, Inc., a leading, Maryland-based hotel management
and
services company, today announced that the company closed out 2011 by
signing
six new contracts in December, bringing the total number of new
assignments for
the year to 19 and increasing its total managed portfolio to 62
properties. The six hotels are the 143-room Comfort Inn &
Suites
Alexandria, 104-room Comfort Inn Dulles, and 111-room Comfort Inn Falls
Church,
all in Va.; 125-room Comfort Inn & Suites College Park in Md.;
148-room
Clarion Inn Waco inTexas; and the 77-room Hampton Inn & Suites
Marksville
in La.
“At the start of the year, we estimated we would add 10 new contracts to our management portfolio, as investors were taking a wait-and-see approach to the economy,” said Mike Marshall, president and CEO. “As the year progressed, owners began to acquire properties and seek better operators for their existing hotels, and we were able to nearly double our original target and take on our first international assignment in St. Thomas. These additions to our management portfolio give us solid distribution east of the Mississippi, and with our hotels in Texas and Louisiana, we have put the infrastructure in place to look even further westward for similar growth opportunities in 2012.” 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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