SALISBURY, MD, Aug. 20, 2012—Officials at Marshall Hotels & Resorts, Inc., a leading hotel management and services company that operates properties nationwide and in the Caribbean, today announced that it has added two management contracts and two receiverships to its growing portfolio. The managed hotels include the newly opened 113-room Hampton Inn and Suites (lower right photo) in the resort town of Ocean City, Md., and the 122-room Country Inns and Suites at the Louisville, Ky. airport (middle left photo. The two receivership properties, also managed by Marshall, are independent hotels located in Branson, Mo.
“There is significant activity by owners seeking new management companies and from lenders who are accelerating the number of properties they are taking back,” said Mike Marshall (top right photo), president and CEO.
“Of note, we see a sharp increase in interest from developers who have been largely on the sidelines the past four years.
“ Although financing for new construction still remains difficult to obtain, deals are starting to get underwritten, and we expect to see a steady increase in this area due to our extensive expertise in both supervising construction and our track record in pre-opening and rapidly ramping up our hotels.”.
“We were quite active in pre-opening actives for The Hampton Inn and Suites in Ocean City, which opened earlier this month,” he said.
“The property is on the bay and offers both an indoor and outdoor swimming pool. We expect this property to perform well. Our managed resort portfolio is enjoying its strongest summer in four years, a trend we see continuing.”
For a complete copy of the company’s news release, please contact:
Pat Daly, Jerry Daly,
media
Daly Gray Public Relations
(703) 435-6293
jerry@dalygray.com
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