Tuesday, April 22, 2008

Marshall Management Acquires Contract to Manage Manhattan Four Points by Sheraton



SALISBURY, Md./NEW YORK CITY, N.Y., April 22, 2008 – Marshall Management, Inc., a leading, mid-sized hotel management company, today announced that it has signed a contract to manage the Four Points by Sheraton Manhattan Chelsea. (top photo)

This marks the company’s fourth managed hotel in New York City under an agreement with The Lam Group, a leading hotel and real estate development firm owned by John Lam, and Lam Generation, a recently formed hotel development and ownership company operated by Jeffrey Lam.

Under the terms of the agreement, announced in August 2007, Marshall will provide services to accelerate their planned development in New York City. Of the four Lam hotels to be managed by Marshall, the Four Points by Sheraton Manhattan Chelsea is the first to open; the remaining three are currently under development.


“Through our partnership with The Lam Group and Lam Generation, we have been able to utilize our expertise in urban, mid-market hotels to establish a presence in New York City,” said Michael Marshall, (top right photo) president and CEO of Marshall Management, Inc.


“We have found there is a demand for the type of customized services that are Marshall’s hallmark in the Manhattan market-- Moderately-sized properties in an area where space is at a premium and competition is considerable, stand to benefit from our targeted, individualized attention.
"The Four Points Manhattan Chelsea aligns perfectly with our area of expertise, and we intend to maintain its standing as a key property in one of Manhattan’s hippest neighborhoods.”

The 158-room Four Points by Sheraton Manhattan Chelsea is within walking distance of Manhattan’s most storied attractions, including Times Square, the Empire State Building, Madison Square Garden and the Chelsea Piers.

Additional information about Marshall Management may be found at the company’s Web site: http://www.marshallhotels.com/.

CONTACTS:

Rick Day
Senior Vice President – Sales and Marketing
Marshall Management, Inc.
(410)749-8464
rday@marshallhotels.com

Jerry Daly, media
Daly Gray Public Relations
(703) 435-6293
jerry@dalygray.com

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