Marshall Expands its Management Portfolio

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Published on 21/08/12 - Updated on 17/03/22

Marshall Hotels & Resorts has signed two new management contracts and two receiverships. One of the properties will be converted to a Four Points by Sheraton.

The newly opened 113-room Hampton Inn and Suites in the resort town of Ocean City, Maryland, and the 122-room Country Inns and Suites at the Louisville airport, Kentucky are to be managed by Marshall Hotels & Resorts. The receivership properties, also managed by Marshall, are two independent 330- and 440-room hotels located in Branson, Missouri. Following an extensive renovation program to be completed in autumn, the hotel in Louisville is to become a Four Points by Sheraton hotel.“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, president and CEO of Marshall. “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."Marshall Hotels & Resorts thus expands its hotel portfolio which includes three- and four-star branded hotels and resorts under the Hilton, Starwood, InterContinental Hotel Group, Hyatt, Choice and Wyndham brands.

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