SALISBURY, MD, July 21, 2009–Officials of Marshall Hotels & Resorts, Inc., a leading, Maryland-based hotel management and services company, today announced the company has added five management contracts in the past 120 days, and expects to add as many as four more within the next 60 days.The hotels range from upper upscale to focused-service brands and include three newly opened properties. The company now operates more than 50 hotels worldwide.
“We began preparing for this growth several years ago by adding bench strength and taking the right steps to optimize profitability at our existing hotels,” said Michael Marshall, (top right photo) president and CEO of Marshall Hotels & Resorts, Inc.
“The combination of superior results and planned, steady growth has resulted in our most active pipeline in at least five years. The difficult economy has surfaced the short-comings of less-experienced operators who have been unable to respond.
“The key is to understand how to optimize cash flow and guest satisfaction. Controlling margins in this environment is arguably the most difficult it has been in a generation,” he added. “Our size gives us significant economies of scale. For example, we expect to save one property $300,000 annually through better purchasing practices for such items as insurance.”
The properties include:
The George Washington Hotel-A Wyndham Historic Hotel,103 East Picadilly St., Winchester, Va; Country Inn & Suites by Carlson Orlando-Maingate at Calypso, 5001 Calypso Cay Way, Kissimmee, FL; Four Points by Sheraton Midtown-Times Square, 326 West 40th St., New York, NY; · Hampton Inn Virginia Beach-Oceanfront South, 1011 Atlantic Avenue, Virginia Beach, Va.; and Microtel Inn and Suites Bryson City, 82 Songbird Forest Rd., Bryson City, NC.
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 Hotels & Resorts, (410) 749-8464, rday@marshallhotels.com
Jerry Daly, media, Daly Gray Public Relations, (703) 435-6293, jerry@dalygray.com
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