Marshall Takes On Three Receiverships

SALISBURY, MD—Marshall Hotels & Resorts, Inc. has been appointed receiver for the 145-room Four Points by Sheraton Hotel & Suites Allentown Airport in Pennsylvania; the 114-room Holiday Inn Danbury in Connecticut; and as operator for the 199-room Holiday Inn Buffalo Amherst Hotel, which is in receivership, in New York .

“We are seeing lenders becoming increasing more aggressive in taking back hotels,” said Mike Marshall, president/CEO. He said for the three properties Marshall will focus initially on “what we believe are substantial opportunities in marketing and food and beverage to substantially increase revenues.”