Thursday, April 3, 2008
SALISBURY, MD—Marshall Management, Inc., a leading, mid-sized hotel management company, today announced that Duane Quintana (bottom left photo) and Josephine Allen (top left photo) have joined the company as regional director of sales and marketing and marketing manager, respectively. Photo of Charles L. Allen, chairman, Marshall Management, is at right)
Together, Quintana and Allen have extensive marketing and hospitality expertise, expanding Marshall’s existing capacity and industry expertise. The two join Marshall’s team just as the company announced its fourth management contract of 2008.
“Duane and Josephine add depth and breadth to our existing strengths at a critical time for us and for the industry,” said Michael Marshall, president and CEO of Marshall Management. “We continue to add contracts at a reasoned pace, but are obtaining more sophisticated properties in more diverse locations.
"Marketing has always been a core strength, and we believe they will help us add value, especially if the economy softens. We pride ourselves in achieving superior market share where we compete, and we now have an even greater competitive advantage.”
Quintana comes to Marshall with an extensive background in the hotel industry, including 15 years with Marriott Corporation. He also served as vice president of sales and marketing at Luxe Worldwide Hotels, Grand Tradition Hotels & Resorts and Utell Hotels & Resorts, a collection of three- to five-star independently owned or distinctively branded properties.
Josephine Allen comes to Marshall from PERDUE® farms. She also worked with Salisbury University, where she specialized in new product development, marketing campaigns and advertising. At Marshall, she will oversee the marketing and promotion of the company’s portfolio. She previously worked with Marshall in the late ‘90s.
About Marshall Management
Salisbury, Md.-based 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 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: http://www.marshallhotels.com/.
HBI currently has more than 150 properties listed for sale in its proprietary database and access to more than 10,000 hotel investors and owners. In addition to broker services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services.
For more information about HBI’s hotel listings or to become a broker or affiliate member, HBI may be reached at (816) 505-4315 or via the Internet at www.hbihotels.com.
Hotel Brokers International
Daly Gray Public Relations
The listing price is $11.09 million.
Simon Jonna, associate director of Marcus & Millichap’s National Retail Group, and Brandon Hanna, an investment specialist in the firm’s Detroit office, are representing the seller.
“This stabilized portfolio will provide an investor with a secure investment opportunity: high-quality free-standing properties with long-term growth potential due to low rents,” says Jonna. “The portfolio is currently 100 percent occupied with double-net lease structures.”
The portfolio includes:
· Rite Aid — 222 S. Chestnut St., Reed City, Mich.
· Rite Aid — 117 S. Main St., Fredericktown, Ohio
· Rite Aid — 305 E. State St., Cassopolis, Mich.
· Rite Aid — 612 St. Joseph Ave., Berrien Springs, Mich.
· CVS — 711 Park Road, Worthington, Ohio
· CVS — 3100 Cleveland Ave., Columbus, Ohio
· Family Dollar — 415 N. Main St., Clyde, Ohio
· Family Foods — 700 Woodfield Road, W. Hempstead N.Y.
· Family Dollar — 7415 Superior Ave., Cleveland, Ohio
· Library — 209 E. Main St., Enon, Ohio
All properties must be sold together.
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Walnut Creek, CA 94597
Florida revenue made up the largest part of the cumulative revenue total representing nearly $19.6 billion in Florida revenue, up $18.2 billion from 2006.
WELBRO Building Corporation is headquartered in Maitland, Florida and has been serving the Southeast commercial construction market since 1979. What started as a small commercial construction company, through partnership and collaboration is today ranked as one of the nation’s top contractors by Engineering News Record (ENR). WELBRO is a dominant force in the hotel/hospitality, education and commercial office markets, as well as retail/commercial and special use facilities.
Southeast Construction is a monthly magazine providing local, in-depth and comprehensive coverage on heavy engineering, highway, building and industrial construction news in the four-state area of Florida, Georgia, North Carolina and South Carolina. Additionally, Southeast Construction is part of a family of 10 regional construction magazines known as Dodge Construction Publications (DCP), a division of McGraw-Hill Construction - which also includes Engineering News-Record, Architectural Record, Design Build, Dodge and Sweet's.
Patricia A. Werner, CEcD
Vice President Community & Economic Development
Cambridge Loan Origination Request Totals Decline but Dollar Volume Gains in February Still Impressive
In February, there were 30 origination requests totaling $468.1 thousand compared with 33 requests totaling $236.2 thousand in 2007, Cambridge Chairman Jeffrey A. Davis said. (photo top right)
Davis points out that lenders close a relatively small percentage of the loan origination requests received. But it’s useful to track this information as an indication of market directions.
“Although the capital markets may be in disarray, we’re not seeing a big drop-off in interest, and the volume gain is sizable. Presumably, this is indicative of an increased level of loan requests for new construction, or increased interest in HUD financing due to other lenders dropping out of the market,” he said.
Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.
Phone: (312) 521-7603
Fax: (312) 357-1611