Marshall Hotels & Resorts Expands Portfolio with Five Management Contracts
Wednesday April 10th, 2013 - 11:01AM O
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
SALISBURY, MD—Marshall Hotels & Resorts, Inc. added four hotel managements contracts and one country club management engagement in the 2013 first quarter.
The five new management contracts includes the Magnuson Hotel & Conference Center, Tyler, Texas, a 159-room full-service hotel with more than 10,000 sq. ft. of meeting space. The hotel, which recently was rebranded to the Magnuson flag, is getting ready to embark on a major renovation program.
Other properties include the 103-room Ramada Vineland, NJ, which offers an outdoor swimming pool, three restaurants and more than 4,700 sq. ft. of meeting space; the former Quality Inn Hotel, Carmel Church, VA, which will be rebranded and renovated in the third quarter; the 128-room Fernwood Hotel and Convetion Center, Bushkill PA, which offers indoor and outdoor swimming pools, snowtubing options, four restaurants and bars, a golf course, and horseback riding trails; and Vestal Hills Country Club in Binghmanton, NY.
Mike Marshall, president and CEO, noted that the company has seen an uptick in local banks wanting to dispose of lender-owned assets that require massive renovations to stay competitive, and the company expects to see a continued increase in these types of properties changing hands.
Tags: • Hospitality • Management Companies •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.