SALISBURY, Md., July 21, 2011—Officials of Marshall Hotels & Resorts, Inc., a leading, Maryland-based hotel management and services company, today announced the addition of four properties to its management portfolio.
The properties include the 90-room Pocono Inne Town Magnuson Hotel, in Stroudsburg, Pa.; 131-room Sea Esta Motels, spanning Dewey Beach, Del., and Long Neck, Del.; 88-room Four Points by Sheraton Long Island City/Queensboro Bridge in Long Island City, N.Y.; and the 60-room Econo Lodge University Arena, in Charlottesville, Va.
“Although the rebound continues to gain traction, hotels still face numerous challenges, creating significant opportunities for management companies like Marshall that have a strong track record in turn-arounds,” said Mike Marshall (middle right photo), president and CEO.
“Many markets across the country still lag behind last year’s forecasts, and we have adapted our revenue management approach appropriately. Marketing efforts are the key to driving same store sales and penetration. People are getting restless and moving on from the notion that the government will fix everything. However, the hotel industry is not quite as agile.”
About the Properties
Pocono Inne Town Magnuson Hotel—Located at 700 Main Street, in Stroudsburg, Pa., the property is the only hotel in the heart of downtown Stroudsburg and is within walking distance to more than 20 dining options
Sea Esta Motels—This four-motel complex is located on the beach in Dewey Beach, Del., and nearby Long Neck, Del. The properties feature two double beds per room; refrigerator; microwave; and daily maid service
Four Points by Sheraton Long Island City/Queensboro Bridge (top left photo)—Located at 27-05 39th Avenue, in Long Island City, N.Y., near the Statue of Liberty and Museum of Modern Art, the hotel offers panoramic views of the Manhattan skyline. The property features a 24-hour business center, state-of-the-art fitness facility, and dining at Michael’s Café and Bar, serving American cuisine in a casual setting.
Econo Lodge University Arena—Situated at 400 Emmet Street North in Charlottesville, Va., off I-64, exit 118B (US 29), the hotel is within walking distance of the University of Virginia, University Hospital and John Paul Jones Arena. .
Contact: Jerry Daly, media, Daly Gray Public Relations, (703) 435-6293
HFF represented the Bell Family Trust in the $1.07 million post-close financing for Morada MHC. The 15-year fixed-rate loan was secured through a northern California bank and is covering acquisition costs.
