Tourism Industry News
Marshall Hotels & Resorts, Inc. Signs Five Management Contracts in Greater New York Metro Area
Salisbury, Md. (PRNewswire/WorldTourismNews.eu) -- Officials of Marshall Hotels & Resorts, Inc., a leading, Maryland-based hotel management and services company, today announced the signing of five management contracts in the greater metropolitan New York area. The properties, owned by several different groups, include the Comfort Inn Manhattan Bridge; The Madison Hotel, Morristown, N.J.; Fairfield Inn & Suites New York Manhattan/Chelsea; Fairfield Inn & Suites New York Brooklyn; and Best Western Prospect Park Hotel.
"New York continues to be a strong market for the hospitality industry," said Mike Marshall, president and CEO. "We have significant expertise in urban hotels and a proven track record in the New York metro market. We will market these hotels individually but will be able to take advantage of economies of scale to reduce costs in a high-cost market.
"We have seen an increased interest from owners in the past six months for both receivership and cash flowing properties," Marshall noted. "Both owners and lenders are anxious to take maximum advantage of the rebound in the hotel industry and ratchet up profitability and value."
About the Properties
About Marshall Hotels & Resorts, Inc.
Salisbury, Md.-based Marshall Hotels & Resorts, Inc. is celebrating 30 years as a hotel operating company. It has special expertise in operating three- and four-star branded hotels and resorts, averaging 100 to 500 rooms, in urban and central business districts, as well as 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: www.marshallhotels.com .
SOURCE Marshall Hotels & Resorts, Inc.
CONTACT: Jerry Daly, media, Daly Gray Public Relations, +1-703-435-6293, email@example.com
Web Site: https://www.marshallhotels.com