Marcus Hotels Press > Hotel Management Press Releases
01.17.13 |
Kirk A. Rose Appointed President of Marcus® Hotels & Resorts
Milwaukee, Wis., January 17, 2013. . . . .The Marcus Corporation (NYSE: MCS) today announced the appointment of Kirk A. Rose as president of Marcus® Hotels & Resorts, the company’s full-service lodging division.
Rose has a broad base of experience in hotels and hospitality. He held various positions with Global Hyatt Corporation for nine years, including serving as senior vice president and chief financial officer for six years. For the past three years, he was a partner in Salt Creek Hospitality, LLC, a private equity group focused on hospitality real estate that he co-founded with the former president of Global Hyatt. His experience also includes positions with Sears, Roebuck & Company,the Chicago-based law firm of McDermott,Will & Emery LLP, and Arthur Andersen LLP in Chicago. He received a bachelor’s degree in management sciences from Duke University and a J.D. degree from the Indiana University School of Law. “We are excited to have Kirk join Marcus Hotels & Resorts as its new president. The strong lodging background and leadership experience he gained while at Hyatt and Salt Creek are an excellent fit for our hotel business. We look forward to continuing to grow the business under his leadership,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation. “Marcus Hotels & Resorts has 50 years of experience in owning and managing successful full-service hotel properties. I look forward to helping the company further expand its portfolio and enhance its operations,” said Rose. To download the full PDF release: [wpdm_file id=14] About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), owns and/or manages 20 hotels, resorts and other properties in 11 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels).
About The Marcus Corporation Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its Marcus Hotels & Resorts division, The Marcus Corporation’s theatre division, Marcus Theatres®, currently owns or manages 687 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. For more information, please visit the company’s web site at www.marcuscorp.com. |
12.28.12 |
Marcus Hotels & Resorts® Appoints Mahesh Reddy to General Manager of the Westin Columbus
Columbus, cialis Ohio, January 2, 2013. . . . . Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced that Mahesh Reddy has been appointed general manager of the Westin Columbus in Columbus, Ohio. Reddy previously served as the general manager at the Hilton Anchorage in Anchorage, Alaska. In his new role, Reddy will be responsible for managing the Westin Columbus’ exceptional guest experience and accommodations as a downtown Columbus hospitality landmark. The Westin Columbus is managed by Marcus Hotels & Resorts. Reddy brings over 12 years of hospitality management experience to his new position, including six years of experience with Marcus Hotels & Resorts. Reddy joined the company in 2000 as the front office director at the company’s Hilton Milwaukee property. He was promoted to rooms division director in 2002 and transferred to the company’s Grand Geneva Resort & Spa in Lake Geneva, Wis. in 2004. Reddy left Marcus Hotels & Resorts in 2006 to serve as the hotel manager at the Wyndham Northwest Chicago (currently Westin Chicago Northwest) in Chicago, Ill. “We are pleased to welcome Mahesh back to the Marcus Hotels & Resorts family. His range of experiences, versatility and understanding of our industry make him the perfect fit for the general manager position,” said Gary Gentile, senior vice president of operations for Marcus Hotels & Resorts. “Mahesh has come through the ranks and is fully prepared to take on this new role. We are confident in his leadership capabilities and excited about the value he brings to this property.” Reddy graduated from the University of Wisconsin-Stout with a master’s degree in hospitality and tourism. He received a bachelor’s degree in public administration, political science and sociology from Osmania University, India. To download the full PDF release: [wpdm_file id=12] About The Westin Columbus Hotel The Westin Columbus, also known as The Great Southern Hotel since its grand beginnings in 1897, is a AAA Four-Diamond hotel located in the heart of Downtown Columbus. It is a historic landmark elegantly styled for the 21st-century traveler, located adjacent to the historic Southern Theatre and within walking distance of the Greater Columbus convention center. For more information on the latest news and updates from Westin Columbus please visit: http://www.westincolumbus.com/donation. About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), owns and/or manages 20 hotels, resorts and other properties in 11 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels). |
12.27.12 |
Sheraton Madison Hotel Accepted into Sustain Dane’s 2013 MPower Business ChaMpion Program
Milwaukee, Wis., December 27, 2012. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced the Sheraton Madison Hotel, located in Madison, Wis., has been accepted into Sustain Dane’s 2013 MPower Business ChaMpion Program. The one-year program, administered by Sustain Dane, a local non-profit organization committed to creating energy saving solutions for home, school, business and municipalities in Dane County, ensures businesses are going green effectively and efficiently. The Sheraton Madison Hotel is managed by Marcus Hotels & Resorts. “It is an honor to be selected into the MPower Business ChaMpion Program. This acceptance signifies our strength in green lodging and meetings, and our commitment to our guests and the community. Our brand, company and associates have a great appreciation for our planet, its future and protecting it for generations to come. In choosing to stay at our hotel, our guests will be fully comforted by the fact that the Sheraton Madison is going above and beyond in its efforts to be completely sustainable,” said Brian Johnson, general manager of the Sheraton Madison. As part of the MPower program, the Sheraton Madison will join a community of like-minded businesses dedicated to reducing their energy, water and transportation consumption. The hotel will establish sustainability goals and develop an MPower Team, attend routine meetings with Sustain Dane staff and participate in regular lunch and learn meetings, select at least five projects for implementation by March 2014 and meet with program representatives. The hotel will share its results and successes, as well as the sustainable impact made on its business and guests, at the end of the program. “Sustain Dane’s MPower Business ChaMpion Program provides businesses with the proper tools for successful sustainability,” said Jessie Learner, director of sustainable business for Sustain Dane. “Our approach centers on one-on-one support, measurement, local and national resources, transparency and accountability. This program brings together businesses that are excited to learn from one another and understand that sustainability needs to be included in their strategic plans to remain competitive.” Completion of the one year program will also help the Sheraton Madison meet Starwood Hotels & Resorts Worldwide “30/20 by 20” initiative to reduce energy usage by 30 percent and water usage by 20 percent, by 2020. This overarching goal, along with the hotel’s Energy/Resource Conservation and MPower teams, are expected to lead to a significant increase in energy savings. In the past six months, the hotel has embarked on multiple sustainability initiatives. “This summer, we replaced all guest hallway lights with compact florescent lights and started converting all guest room sinks with low flow aerators, resulting in a large reduction in water usage. In addition, we are working with several vendors to retrofit all of our exterior lighting to be more energy efficient,” said Andrew Myer, chief engineer and leader of the Sheraton Madison’s Energy/Resource Conservation and MPower team. “In addition to making our own physical modifications, we are turning to our energy-conscious guests to help us reach our goals. This fall, we entered into phase two of the Sheraton ‘Make a Green Choice’ program. This program gives guests staying two nights the option to receive points or a discount by making a choice to forgo having their room cleaned during their stay. Our goal is to have 50 to 60 percent of eligible guests (two nights or more) take part in this important program,” said Myer. Myer added that several other projects are currently underway, including plans to save energy for the hotel’s in-house laundry service and a proposal to equip all meeting spaces with LED light bulbs. Should they pass, energy savings associated with both of these projects would be significant, further cementing the Sheraton Madison’s presence as one of the most sustainable hotels in the area. The hotel’s status as an MPower Partner, along with recent renovations to common areas and guest rooms, make the Sheraton Madison the ideal place to hold a meeting or event. With over 17,000 square-feet of meeting space, and located near the Monona Terrace, Alliant Energy Center and Dane County Airport, the hotel is a convenient location for energy-conscious business and leisure travelers alike. Visit www.sheratonmadison.com to learn more about the Sheraton Madison’s location and accommodations. To download the full PDF press release: [wpdm_file id=11] About Sustain Dane Sustain Dane is a non-profit organization based in Madison, Wisconsin, committed to creating a community that deeply enjoys, cares for and is sustained by its unique environment. Sustain Dane works toward this vision by staying in touch with what is happening locally and globally, identifying opportunities, building networks and relationships and acting as a catalyst for big ideas and partnerships in our region. To learn more about Sustain Dane, visit www.sustaindane.org. If you are interested in learning more about the MPower Business ChaMpion Program, please visit: www.mpoweringmadison.com. About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), owns and/or manages 20 hotels, resorts and other properties in 11 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels). |
12.13.12 |
Marcus Hotels & Resorts Re-Affiliates The Cornhusker Hotel with Marriott International
Milwaukee, Wis., December 13, 2012. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS) today announced The Cornhusker Hotel in Lincoln, Neb. has been re-affiliated with Marriott International, Inc. (NYSE:MAR) under its signature Marriott Hotels & Resorts brand and renamed The Cornhusker, A Marriott Hotel. The hotel’s Marriott sign was unveiled at a lighting ceremony yesterday. Marcus Hotels & Resorts assumed management of the property September 6 and is planning a multi-million dollar renovation of the hotel beginning in 2013. “We are proud to partner with Marriott International, the global hospitality leader, on this exciting project in downtown Lincoln,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation. “Guests will appreciate the extensive renovations the hotel will undergo and will also benefit from the high-quality amenities Marriott International provides, including a global reservation system and a tremendous loyalty program serving over 36 million members. Together, our goal is to reposition this landmark property as the social spot of the city.” “We are delighted to have The Cornhusker back in the Marriott family, representing our Marriott Hotels & Resorts brand,” said Todd Walther, regional vice president of franchise operations, Marriott International. “With the extensive renovations that are planned, we are looking forward to reintroducing this prestigious hotel to our loyal Marriott guests and other discerning travelers visitingLincoln.” The extensive property renovations will include all 297 guest rooms and suites, 45,600 square feet of meeting space, the hotel lobby, restaurant and bars. “Under the Marriott flag, the second floor lounge will be converted to a Marriott great room designed for the next generation of travelers who blend work and play. The Marriott great room lobby creates a seamless experience merging modern, stylish design and comfort, with greater access to food and beverage, and technology. The lively atmosphere transforms throughout the day, giving guests options to work individually or in groups, socialize, or connect with their social networks while watching the great room scene unfold. The great room at The Cornhusker features a media center, quiet work stations and complimentary Wi-Fi,” said Charles Harper, general manager. Harper said Marcus Hotels & Resorts plans to add a Cornhusker Café on the ground floor, modeled after its very successful Café at The Pfister at the company’s flagship property, The Pfister Hotel in Milwaukee, Wis. “The Cornhusker Café will offer a barista counter featuring Starbucks brewed coffee, in-house gourmet pastries and desserts and other popular breakfast and lunch items for the on-the-go traveler. For those looking to stay a bit longer for a meeting over coffee, power breakfast or business luncheon, the café will have a full dining area offering a complete breakfast and lunch menu featuring heart-healthy options, homemade soups and seasonal salads,” added Harper. As previously announced, the company also plans to introduce its successful restaurant and bar concept, Miller Time Pub & Grill, in The Cornhusker. The Miller Time Pub & Grill, developed in association with MillerCoors, will serve as a lively neighborhood gathering place offering specialty crafted burgers and beers, in addition to other quality beer-inspired menu options. The multi-million dollar renovation project will also dramatically enhance the look of the attached convention center building. Renovations will include new carpeting, wall coverings and other updated design elements such as elegant chandeliers in the 10,545-square foot Grand Ballroom, making it an ideal place for weddings, galas and business and social events. “The design transformations and the latest technology upgrades will make this a state-of-the-art convention center that accommodates the needs of today’s meeting planners and business travelers,” added Marcus. “We also plan to utilize the large four-story atrium which connects the hotel to the seven-story office building for local events and exhibits, including featuring the work of talented local artists.” In addition, the company plans to re-vamp the hotel gift shop to offer new merchandise tailored to the local market and completely remodel the 10th floor concierge lounge to provide the environment and amenities expected by the highest level Marriott Platinum rewards guest. Renovation of the meeting spaces is scheduled to be completed by summer 2013, and the guestrooms and restaurant concepts are expected to be completed by October 2013. Marcus Hotels & Resorts and its affiliate, MCS Capital, acquired The Cornhusker hotel in September as part of a joint venture with a fund affiliate of LEM Capital of Philadelphia. Marcus Hotels & Resorts is the majority owner. The Cornhusker, A Marriott Hotel is located at 333 South 13th Street in Lincoln, Neb. For more information or to reserve accommodations, please call 1-800-228-9290 or visit http://www.marriott.com/hotels/travel/lnkfs-the-cornhusker-a-marriott-hotel.
To download the full PDF release: [wpdm_file id=10] About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), owns and/or manages 20 hotels, resorts and other properties in 11 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels). About The Marcus Corporation Headquartered in Milwaukee, Wis., The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its Marcus Hotels & Resorts division, the company’s movie theatre division, Marcus Theatres®, is the sixth largest theatre circuit in the United States and currently owns or operates 687 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakotaand Ohio. For more information, visit the company’s web site at www.marcuscorp.com. About Marriott International, Inc. Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,700 properties in 73 countries and territories and reported revenues of over $12 billion in fiscal year 2011. The company operates and franchises hotels and licenses vacation ownership resorts under the following brands: Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Gaylord Hotels, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club. There are approximately 300,000 employees at headquarters, managed and franchised properties. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. About LEM Capital LEM Capital manages a series of private equity funds with over $500 million of capital commitments under management. Since 2002, LEM Capital has provided structured debt and equity solutions for real estate owners, including joint venture equity, senior equity, preferred equity, mezzanine loans and subordinate financing.
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10.10.12 |
Marcus Hotels & Resorts Expands Successful Artist-in-Residence Program
Milwaukee, Wis., October 10, 2012. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), is proud to announce the expansion of its successful Artist-in-Residence program to other properties in its portfolio. The program, originally introduced at The Pfister® Hotel in Milwaukee, Wis., has been expanded to the company’s Hotel Phillips in Kansas City, Mo. and the Skirvin Hilton in Oklahoma City, Okla. The Artist-in-Residence program was launched in 2009 at The Pfister Hotel to support the work of talented artists and to generate awareness of the arts community in Milwaukee. The Pfister Hotel, acclaimed for housing the largest Victorian art collection of its kind in any U.S. hotel, developed the program to establish itself as a destination hotel for art connoisseurs by offering guests the opportunity to view artwork being created in real time by talented artists. The excellent guest response to the program at The Pfister led to expanding the program to two other company-owned historic properties this year. The programs at The Pfister and Skirvin Hilton feature a working art studio and gallery open to hotel guests and visitors. At the Hotel Phillips, the featured artist roams the hotel with sketch pad in hand to capture events and daily activities to share with visitors and residents alike. Guests can interact with the selected artists at each property and witness the evolution of their pieces firsthand. Each year, a new artist is selected from a variety of applicants. The selected artist works in the hotel for a full year creating artwork for guests to enjoy and purchase. “The Marcus Corporation has always been a strong supporter of the arts community and arts organizations such as the United Performing Arts Fund (UPAF) in Southeastern Wisconsin, th Creative Alliance Milwaukee, the international Alliance of Artists Communities, the Paseo Arts Association and others. We are very proud that our Artist-in-Residence program has become known both locally and nationally,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation. “Our guests have the opportunity to interact with the artists and learn about different art styles, techniques and philosophies. Our artists in residence have the opportunity to showcase their talents and further develop their careers. The program is a win-win for everyone involved.” The Artist-in-Residence program at The Pfister has received national attention and recently received a “Social Hotel Award” from HOTELS Magazine, a leading hotel industry publication in the category of “Best Integrated Digital Campaign.” Last year, the hotel received more than 3,500 votes for the finalists through combined digital and traditional methods, more than 10,000 visits to the program’s Facebook voting tab and more than 1,600 referrals from The Pfister Hotel website. “We are extremely proud of the success of our Artist-in-Residence program. From our first opening in April 2009 during Milwaukee’s Gallery Night, the program has continued to gain local and national support,” said Joe Kurth, general manager of The Pfister Hotel. “It is a wonderful feeling to see the program extend to several of our other properties and it will be exciting to watch the program continue to flourish in other markets.” Previous artists at The Pfister include Reginald Baylor, Shelby Keefe, Katie Musolff and, most recently, Timothy Westbrook. Trey Bryan was the first artist to be selected as part of the program at the Hotel Phillips in June and Romy Owens was recently selected as the first artist in residence at the Skirvin Hilton hotel. To view the work of current and past artists, please visit: Timothy Westbrook (http://blog.thepfisterhotel.com/tag/timothy-westbrook), Shelby Keefe (http://www.studioshelby.com), Katie Musolff (http://www.katiemusolff.com), Reginald Baylor (http://www.reginaldbaylor.com),Trey Bryan (http://treybryan.carbonmade.com) and Romy Owens (http://romyowens.com/#welcome). For more information on these Artist-in-Residence programs, please visit: Pfister Hotel: http://www.thepfisterhotel.com/artist-in-residence/ Skirvin Hilton: http://www.skirvinhilton.com/artist-in-residence/index.asp Hotel Phillips: http://www.hotelphillips.com/
[wpdm_file id=7] About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), owns and/or manages 20 hotels, resorts and other properties in 11 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels). About The Marcus Corporation Headquartered in Milwaukee, Wis., The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its Marcus Hotels & Resorts division, the company’s movie theatre division, Marcus Theatres®, is the sixth largest theatre circuit in the United States and currently owns or operates 695 screens at 56 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. For more information, visit the company’s web site at www.marcuscorp.com. # # # |
10.04.12 |
Carey Watermark Investors, Arden Group and Marcus Hotels & Resorts Acquire Westin Atlanta Perimeter North
New York – October 4, 2012 – Carey Watermark Investors Incorporated (CWI), The Arden Group, Inc. and Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced they have acquired the Westin Atlanta Perimeter North in a joint venture. The 372-room hotel includes 20,000 square feet of meeting space, restaurant, lounge, business center, fitness center, gift shop, outdoor pool and 338 parking spaces.
The joint venture’s total investment in the property is approximately $57 million, including an approximately $14 million renovation of guestrooms and public spaces, which is anticipated to be completed in early 2014. The property was acquired from an affiliate of DiamondRock Hospitality Company. Located approximately 15 miles from downtown Atlanta, the property is situated in Atlanta’s second-largest office sub-market, with over 22 million square feet of space. The hotel is located on a 6.25 acre site at the highly visible intersection of I-285 and GA 400 and within the Concourse Corporate Center. The Concourse Corporate Center is a 63-acre, mixed-use complex featuring 2.1 million square feet of Class A office space, the 80,000-square-foot Concourse Athletic Club, restaurants, retail shops and services. Other demand generators in the area include seven Fortune 1000 headquarters, the state’s second largest shopping mall, and a large medical community including three major hospitals. Opened in 1986, the property has been branded as a Westin since 1996. The hotel will be managed by Marcus Hotels & Resorts, which also has an approximately 11% indirect interest in the joint venture. CWI’s interest in the joint venture is approximately 57%, while Arden Group has an approximately 32% indirect interest in the venture. Commenting on the investment, Michael Medzigian, Chief Executive Officer of CWI, said, “We are pleased to be entering into this transaction with Arden Group and Marcus Hotels for this leading upscale, full-service hotel. Working with these partners, we were able to develop a capital structure that will provide a solid financial platform for the property, as well as the necessary funding for renovations that will position the property as the highest quality asset in the north Atlanta market. This investment is consistent with our strategy of sourcing and investing in opportunities for value creation. The combination of the planned renovation program, the installation of Marcus Hotels & Resorts as the property manager, and the strategic asset management oversight of CWI and Arden Group will allow us to achieve our operational goals as well as enhance appreciation of the asset over time.” CWI’s total investment is approximately $33 million, including investment-related costs and its $20 million allocable share of debt. “The Atlanta market is projecting continued growth for white-collar jobs, and that was an important factor for us,” said Craig A. Spencer, President and CEO of Arden Group. “With the renovations planned, this property will be well positioned to capture market share, increase occupancy and drive rate.” Gregory S. Marcus, President and CEO of The Marcus Corporation, said, “MCS Capital, LLC, our new hotel investment affiliate, identified this opportunity and brought us together with two highly respected partners who also invest in value-add transactions and are experienced with full-service, upscale hotels. The extensive renovations planned for the Westin Atlanta Perimeter North are a perfect fit for our 50 years of experience in restoring distinctive hotel properties. We look forward to putting our core strengths in upscale hotel operations and marketing to work in driving performance in this market-leading hotel property. We are pleased to partner with Carey Watermark and Arden Group in this joint venture and continue to seek other potential opportunities to further expand our hotel business.”
[wpdm_file id=6 title=”true” ] Carey Watermark Investors Carey Watermark Investors Incorporated is a publicly registered non-traded real estate investment trust (REIT) that was formed to make investments primarily in the lodging and lodging-related sectors. The Arden Group The Arden Group acquires, develops and manages full-service hotels and office properties in major U.S. markets where demand is proven but assets remain undervalued. Arden Group acquired its interest through Arden Real Estate Partners I, LLC, a discretionary real estate fund launched in April 2012. This is the Fund’s second hotel acquisition this year. Since its founding in 1989, Arden Group has purchased or developed more than $1.5 billion of real estate. Arden Group’s property and asset management division has managed more than $5 billion of assets. www.ardengroup.com Marcus Hotels & Resorts Marcus Hotels & Resorts is a division of The Marcus Corporation (NYSE: MCS). With the addition of the Westin Atlanta Perimeter North, the company owns and/or manages 20 hotels, resorts and other properties in 11 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels). Forward-Looking Statements Certain statements contained herein may be deemed to be forward-looking statements under federal securities laws and the companies intend that such forward-looking statements be subject to the safe-harbor provisions created thereby. All forward-looking statements are qualified in their entirety by this cautionary statement and Carey Watermark Investors Incorporated and its related and affiliated companies and The Marcus Corporation assume no, and hereby disclaim any, obligation to update the forward-looking statements contained herein. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ### |
09.11.12 |
Marcus Hotels & Resorts to Acquire the Cornhusker Hotel and Office Plaza in Lincoln, Neb.
Expands portfolio of leading downtown Midwestern hotels Milwaukee, Wis., September 11, 2012. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS) and its affiliate, MCS Capital LLC, today announced an agreement, subject to the satisfaction of certain standard and customary conditions to closing, to purchase the Cornhusker Hotel and Office Plaza in Lincoln, Neb. Marcus Hotels will be the majority owner of a joint venture with a fund affiliate of LEM Capital of Philadelphia. The Cornhusker Hotel acquisition is the first transaction sourced by MCS Capital, The Marcus Corporation’s new hotel investment business. Marcus Hotels & Resorts assumed management of the property as of September 6. Terms of the transaction were not disclosed. The Cornhusker Hotel, a Nebraska landmark, is a 297-room, full-service hotel with 45,600 square feet of meeting space located in downtown Lincoln. Upon completion of the transaction, Marcus Hotels plans to begin a multi-million dollar renovation and affiliate the property with Marriott International, Inc. as the Cornhusker Marriott Hotel. The Cornhusker Office Plaza is a seven-story building with a total of 85,592 square feet of net leasable office space that is nearly 90% occupied. The office building is connected to the hotel by a four-story atrium that will be used for local events and exhibits, and will feature the work of local artists. “We are excited about this opportunity because the project will leverage Marcus Hotels’ 50 years of experience in restoring landmark hotels and will be an excellent fit for our portfolio. We believe we can make this distinctive hotel an even greater asset to the community and return the property to its former position as the social center of Lincoln,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation. “The Cornhusker Hotel renovation is similar to several other premier downtown hotel restorations we have successfully completed, including The Pfister Hotel in Milwaukee, Wis., the Skirvin Hilton in Oklahoma City, Okla. and the Hotel Phillips in Kansas City, Mo.” “The purchase of the Cornhusker Hotel also aligns well geographically for us. We have been a part of the Lincoln community since 2008, when our movie theatre division, Marcus Theatres®, entered the market through the acquisition of Douglas Theatres. We are pleased to be expanding our presence in Lincoln and look forward to improving and repositioning the Cornhusker Hotel as the first choice for business and leisure travelers,” said Marcus. Marcus said the company plans to renovate the hotel lobby, all guest rooms and suites, meeting space, restaurant and bars. The company, known for its exciting food and beverage operations, will also bring to the hotel and the city of Lincoln its successful restaurant and bar concept, Miller Time Pub & Grill, developed in association with world class brewer MillerCoors. The Miller Time Pub & Grill concept focuses on the history of brewing beer in America, while serving as a lively neighborhood social spot. The menu consists of more than 20 types of specialty crafted burgers and beers, in addition to other quality beer-inspired menu options such as salads, soups, wings and hearty entrees such as crab cakes and steaks. “Residents and guests alike will enjoy the Miller Time Pub & Grill, with its extensive selection of Miller beer, happy hours and high-quality food, all in a warm and comfortable atmosphere. The restaurant will feature authentic Miller artifacts, separate bar and dining areas, a retail shop and other signature design elements. In addition to bringing the Miller Time Pub & Grill to the hotel, our focus will be on improving the total guest experience, from the hotel quality, service and amenities, to the banquet and catering operations,” said Marcus. The company also today announced Charles Harper will be the Cornhusker Hotel’s general manager responsible for overseeing hotel operations and management. Harper has extensive experience in the hospitality industry, previously serving as general manager of Marcus Hotels’ Sheraton Clayton Plaza Hotel in St. Louis, Mo. Prior to joining Marcus Hotels & Resorts in 2008, he held various positions with Ritz-Carlton hotels, including general manager of The Ritz-Carlton, St. Louis, and positions focused on sales and marketing at the Ritz-Carlton, Laguna Niguel in Dana Point, Calif. and The Ritz-Carlton, Aspen in Aspen, Colo. Harper graduated from the University of Wisconsin – Stout in Menomonie, Wis. with a bachelor’s degree in hotel and restaurant management. The Cornhusker Hotel is centrally located in downtown Lincoln, close to the State Capitol, the University of Nebraska and Pershing Center. Features include a restaurant, coffee shop/café, bar/lounge, indoor pool, fitness center, business center, wireless access throughout, meeting rooms, convention center and a 10,500 square foot ballroom. Parking for 400 cars is available in a city-owned garage adjacent and connected to the hotel and office building. The Cornhusker Hotel was developed by Castle & Cook in 1983 on the site of the original Cornhusker Hotel. The property has had several owners and managers over the years. Most recently, MCS Capital and LEM, a lender to the previous owner of the hotel, worked through an ownership restructuring process to obtain ownership of the property, plan its renovation and acquire the Marriott franchise. “This acquisition is a significant step forward in our strategy to grow our hotel business by acquiring additional properties as an investment fund sponsor, joint venture partner or sole investor,” said William H. Reynolds, Jr., senior managing director of MCS Capital. “This is exactly the type of major hotel renovation and enhancement project that we excel at and I am especially pleased to bring The Marcus Corporation and Marriott together for the first time. We are actively seeking additional opportunities to acquire hotels through a variety of different ownership structures where we can add value and improve performance.” “Along with their strength in the Midwest, the ability of MCS Capital and the Marcus Hotels development team to structure the financing and business plan for the hotel and office building and to attract Marriott made the company a great financial and business partner for us,” said Jay Eisner, a founding partner of LEM. The transaction is expected to close in the next several weeks, assuming all closing conditions are satisfied.
To view the company’s Milwaukee Miller Time Pub & Grill location, visit www.millertimepub.com. [wpdm_file id=4 title=”true” ] About Marcus Hotels & Resorts Marcus Hotels & Resorts is a division of The Marcus Corporation (NYSE: MCS). With the addition of the Cornhusker Hotel, the company will own and/or manage 19 hotels, resorts and other properties in 10 states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historic renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information on the latest news and updates, please visit: https://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels). About The Marcus Corporation Headquartered in Milwaukee, Wis., The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its Marcus Hotels & Resorts division, the company’s movie theatre division, Marcus Theatres®, is the sixth largest theatre circuit in the United States and currently owns or operates 695 screens at 56 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. For more information, visit the company’s web site at www.marcuscorp.com. About LEM Capital LEM Capital manages a series of private equity funds with over $500 million of capital commitments under management. Since 2002, LEM Capital has provided structured debt and equity solutions for real estate owners, including joint venture equity, senior equity, preferred equity, mezzanine loans and subordinate financing.
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as we “believe,” “anticipate,” “expect” or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, including, but not limited to, the following: (1) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division, as well as other industry dynamics such as the maintenance of a suitable window between the date such motion pictures are released in theatres and the date they are released to other distribution channels; (2) the effects of increasing depreciation expenses, reduced operating profits during major property renovations, and preopening and start-up costs due to the capital intensive nature of our businesses; (3) the effects of adverse economic conditions in our markets, particularly with respect to our hotels and resorts division; (4) the effects of adverse weather conditions, particularly during the winter in the Midwest and in our other markets; (5) the effects on our occupancy and room rates of the relative industry supply of available rooms at comparable lodging facilities in our markets; (6) the effects of competitive conditions in our markets; (7) our ability to identify properties to acquire, develop and/or manage and the continuing availability of funds for such development; and (8) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States or incidents such as the recent tragedy in a movie theatre in Colorado. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. # # # |
08.10.12 |
Marcus Hotels & Resorts Completes Renovation of Lobby Lounge at the Historic Hilton Milwaukee
Milwaukee, Wis., August 10, 2012…..Marcus®Hotels & Resorts, a division of The Marcus Corporation(NYSE: MCS), today announced that extensive renovations of the lobby lounge in the historic, AAA Four Diamond Hilton Milwaukee in Milwaukee, Wis. have been completed. The company restored the hotel’s lobby lounge, which once housed one of the longest bars in Wisconsin – an ornate, 82-foot-long serpentine bar – to be reminiscent of the classic, old-school lobby cocktail lounge. Now open, the new Monarch Lounge, with its art deco-style bar design is spacious, welcoming and a place to connect socially within the community. In addition to the art deco lounge, the renovation covers 3,800 square feet and includes spacious seating areas, workstations and a media center. A stone and metal fireplace was added to the south wall, while an interactive media work area anchors the north end with touch-screens, iPads®, a magazine stand and printer. The Monarch Lounge provides guests with comfortable seating for work or relaxation, with furnishings that reflect the hotel’s elegant history. “The renovation and expansion of the lobby offers our guests additional space to work, relax and congregate,” said Steve Magnuson, Hilton Milwaukee’s vice president and general manager. “We hope visitors enjoy the many upgrades we’ve added, and that they find the new lobby area a comfortable and inviting place to spend their time.” Featuring live jazz piano music in the evenings, the lounge offers a global wine list and bar-style menu featuring creative small plates of Mediterranean and classic American selections, paired with signature cocktails. The culinary staff is working closely with local farmers and artisan food purveyors to put a local twist on internationally inspired flavors. “From calamari with basil dipping sauce and prosciutto bruschetta to chicken pot stickers and shaved tuna crudo, the Monarch Lounge offers plates to please every taste,” said Chef Robert Fedorko, market executive chef for Marcus Hotels & Resorts of Milwaukee. “The extensive drink menu features signature cocktails and seasonal drink specialties to please a variety of palates.” As part of the renovation, several large windows on the east side of the building, which were covered for decades, have been opened to overlook 5th Street and offer a unique view of Wisconsin Avenue and downtown. Openings have also been created to overlook the upper and lower lobbies. Design elements of the renovated lounge include rich wood architecture, comfortable leather furniture, new floor covering and fixtures to reflect the hotel’s original 1920s style. The Monarch Room transformation marks one of the final phases in a multi-million dollar renovation of the hotel’s guestrooms, lobby area, public spaces, fitness center and more. The elegant hotel has been extensively restored to reflect its original grandeur and renovated to incorporate modern technology to accommodate guests’ present-day needs. Built in 1927, the Hilton Milwaukee is a classic art deco hotel with rich furnishings and distinctive architecture. Originally named The Schroeder Hotel, today the Hilton Milwaukee is recognized as the city’s largest hotel with a tradition of excellence spanning nearly 85 years. The gracious style of the hotel is reflected in the impeccable service and attention to every detail provided by a tenured team of hospitality professionals. For more images of the new Monarch Room and information on the latest news and updates from Marcus Hotels & Resorts, please visit: https://media.marcushotels.com. About Hilton Milwaukee Located in the heart of downtown, the AAA Four Diamond Hilton Milwaukee City Centeris a true Milwaukee landmark. In 2011, it became a member of Historic Hotels of America. As Milwaukee’s convention headquarters hotel of choice, Hilton Milwaukee offers the most meeting and event space of any hotel in the city—more than 34,000 square feet—including three ballrooms and 18 well-appointed meeting rooms of various sizes. The hotel’s ballrooms, with their vaulted ceilings and period fabrics, echo the magnificence evident throughout this showpiece. With 729 renovated guest rooms, Hilton Milwaukee can accommodate nearly any group. Its central location means guests are just moments away from the city’s theater district, the lakefront and Summerfest grounds, Bradley Center sports complex, and Historic Third Ward. Hilton Milwaukee is located at 509 W. Wisconsin Ave. in downtown Milwaukee. For more information on the hotel, visit www.HiltonMilwaukee.com, find the hotel on Facebook (Facebook.com/hiltonmilwaukee), or follow it on Twitter (@HiltonMilwaukee). About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), owns or manages 18 hotels, resorts and other properties in nine states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historical renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information, please visit www.marcushotels.com and follow the company on Facebookand Twitter (@MarcusHotels).     
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08.06.12 |
Marcus Hotels Announces Sales Team Changes
MILWAUKEE – August 6, 2012 – Marcus® Hotels & Resorts has added Laura Lutter Cole to its corporate sales staff as a senior account executive, Kerry Doyne as private dining sales manager, and Kristine Baker as catering sales manager. In her new role, Cole will represent the company’s three Milwaukee properties, The Pfister Hotel, InterContinental Milwaukee, and Hilton Milwaukee City Center, focusing on group sales in the financial, banking and pharmaceutical markets.
“Through her many years in sales and as a business owner, Laura has fostered strong relationships within the Milwaukee community,” said Linda Price Topp, market director of sales and marketing for Marcus Hotels. “We’re confident her expertise and superior customer service will help to further those relationships and expand upon Marcus’ reputation as the premier destination for business professionals.”
Prior to her new role on the corporate sales staff, Cole served for two years as director of restaurant sales focusing on private dining and events at Marcus Hotels’ Milwaukee properties. Prior to her career at Marcus, she owned and operated a popular, local men’s clothing store after spending four years as a program manager at Ernst & Young. She has more than 10 years of sales experience. Cole attended University of Wisconsin—La Crosse, earning a bachelor’s degree in public administration and political science. She completed graduate studies at Roosevelt University in Chicago.
Replacing Cole as private dining sales manager for all three Milwaukee hotels is Kerry Doyne, who joins Marcus Hotels from the United Performing Arts Fund where she was a senior development director, spending more than seven years raising funds to support arts in the Milwaukee community.
“Kerry has been very active in the Milwaukee community over the past several years and has created a large network of relationships,” said Sydney Johnson Waisanen, director of catering sales for Marcus Hotels. “We’re thrilled to have her join our team and look forward to her leveraging her extensive contact network to develop new relationships and opportunities for our company.”
Another addition to the Marcus Hotels sales staff is Kristine Baker, the new catering sales manager for the three hotels, working primarily with Milwaukee’s non-profit market. Baker also comes to Marcus Hotels from the United Performing Arts Fund, where she worked for the past five years as a development director. She holds a Bachelor of Music degree from the University of Wisconsin—Green Bay.
“Kristine’s extensive background working for non-profits will be a huge asset to our team,” explained Waisanen. “She’s been in their shoes before, so she knows where they’re coming from—she can see things from their perspective. She’ll be able to keep her clients within their budgets, while still helping them to create beautiful, unforgettable events.”
For more information on the latest news and updates from Marcus Hotels & Resorts, please visit:https://media.marcushotels.com.
Marcus Hotels & Resorts, a division of The Marcus Corporation(NYSE: MCS), owns or manages 18 hotels, resorts and other properties in nine states. A force in the hospitality industry, Marcus Hotels & Resorts provides expertise in management, development and historical renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information, please visit www.marcushotels.comand follow the company on Facebookand Twitter(@MarcusHotels).
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07.23.12 |
Marcus Hotels & Resorts to Sponsor Milwaukee Air & Water Show August 11 & 12, 2012
Milwaukee, Wis., July 23, 2012. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation(NYSE: MCS),today announced it is once again proud to be the premier sponsor of the Milwaukee Air & Water Show taking place August 11 & 12 along the city’s lakefront. The company will also continue to be the official hotel and catering partner for this summer’s event, offering overnight packages at its three Milwaukee hotels. Presenting sponsors at this year’s Milwaukee Air & Water Show arePotawatomi Bingo & Casino, the Green Bay Packers and Precision Metrology. “Marcus Hotels & Resorts is proud to be a premier sponsor of the largest free festival in Milwaukee that draws families throughout the region to our city’s beautiful lakefront, ” said Chris Anderson, senior vice president, sales, marketing and brand development for Marcus Hotels & Resorts. “We welcome residents and visitors alike as we look forward to showcasing the best our community has to offer through this fantastic air show event.” The Milwaukee Air & Water Show to Feature Exciting Lineup of Aviation Performers The Milwaukee Air & Water Show will take place along Lake Michigan between Bradford Beach and McKinley Park Saturday, August 11 and Sunday, August 12 from 9 a.m. to 4 p.m. The air show practice will take place on Friday, August 10, from 11 a.m. to 4 p.m. This year’s air show boasts a lineup of top aviation performers. Headliner performers include:
A vast array of military aircraft will be flown, including the 440th Airlift Wing C-130 Hercules, a U.S. Navy E-2C Hawkeye, U.S. Air Force T-38 Talon Four Ship,a U.S. Coast Guard HU-25 Falcon Jet and other exciting acts including the Lima Lima Aerobatic Flight Demonstration Team, Matt Chapman, Bill Stein, Mike Goulian, Firebirds X-Treme, Rob Holland and Mike Wiskus. The 2012 Milwaukee Air & Water Show takes place during an exciting week of events in Milwaukee honoring veterans and military service men and women. These military events include the Navy’s Commemoration of the Bicentennial of the War of 1812and “Navy Week,” giving residents the opportunity to experience U.S. Navy, U.S. Coast Guard and Canadian Navy ships first-hand, in addition to naval receptions, military band concerts and other outreach activities. Also taking place on the evening of Saturday, August 11 is a once-in-a-generation event saluting WWII veterans and their families hosted by Milwaukee’s Stars and Stripes Honor Flight organization. The event, “Field of Honor,” will take place at Miller Park Stadium from 3 p.m. – 9 p.m., and will feature a full length documentary of previous honor flights, the Pillars of Honor WWII Memorial and fireworks. The U.S. Navy Leap Frogs “Navy Seals” will jump into Miller Park Stadium at the event and the Lima Lima Flight Demonstration Team will fly over the stadium in conjunction with the Milwaukee Air & Water Show. Field of Honor attendees can bring their Saturday ticket stub to the Air & Water Show reserved ticket booth located on Lincoln Memorial Drive on Sunday to receive a buy-one-get-one free reserved ticket for the Air & Water Show that day. Overnight Packages Available for Air & Water Show Weekend Marcus Hotels offers exclusive hotel access and shuttle transportation for Air & Water Show attendees, with value-priced packages at the Hilton Milwaukee, InterContinental Milwaukee and the Pfister Hotel. Hotel Packages start at $214 and include:
Individual tickets to the Marcus Club are available for purchase for $50.00 plus tax for adults and $25.00 plus tax for children 5-12 years old. Marcus Club passes can be purchased by calling 877-704-5327. For more information on hotel package offerings, please visit www.MKEairshow.com. Corporate Opportunities Companies interested in sponsorship hospitality tents should contact Peggy Williams-Smith at 414-905-1154 or atpeggysmith@marcushotels.com. General admission, Center Point reserved and other Air & Water Show ticket packages are still available atwww.milwaukeeairshow.com. For more information on the Bicentennial of the War of 1812 and“Navy Week” please visit:http://www.ourflagwasstillthere.org and http://www.navyweek.org/milwaukee2012/index.html. For more information on the Stars and Stripes Honor Flight “Field of Honor” event, please visit:http://starsandstripeshonorflight.org/. About Marcus Hotels & Resorts Marcus Hotels & Resorts, a division of The Marcus Corporation(NYSE: MCS), owns or manages 18 hotels, resorts and other properties in nine states. A force in the hospitality industry, Marcus Hotels &Resorts provides expertise in management, development and historical renovations. The company’s portfolio includes a wide variety of properties including city-center meeting hotels, upscale resorts and branded first-class hotels. For more information, please visit www.marcushotels.com and follow the company on Facebookand Twitter (@MarcusHotels). 2012 Milwaukee Air & Water Show The Milwaukee Air & Water Show, unlike other sources of entertainment, is unique in Milwaukee’s history and provides affordable, wholesome entertainment for the entire family! From its grassroots beginnings in 2002, the air show has grown into Milwaukee’s largest free event, providing a substantial economic impact to Milwaukee’s local economy. For many people attending the annual Air & Water Show, the excitement of witnessing the event first-hand translates into career advancement within aerospace, aviation, careers in national defense, civil service and other related careers. The Air & Water Showis Milwaukee’s quintessential event that showcases the role of aviation in the community, the history of air power, provides a forum for educating young people about aviation, and encourages the natural excitement these upcoming generations have for flight. For more information, please visit www.milwaukeeairshow.com. Follow the Milwaukee Air & Water Show on Facebookand on Twitter (MKEAirandWater).
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