Marcus Hotels Press > Hotel Management Press Releases
10.31.11 |
MARCUS HOTELS & RESORTS COMPLETES RENOVATION OF THE HOTEL PHILLIPS IN KANSAS CITY, MO.Milwaukee, Wis., November 1, 2011. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced the completion of a multi-million dollar property-wide renovation of the historic Hotel Phillips in downtown Kansas City, Mo. “The renovation focused on maintaining the hotel’s elegant Art Deco design elements while adding the high-quality amenities that today’s travelers expect. The newly renovated Hotel Phillips reflects the vibrant feel of Kansas City in the 1930’s, coupled with the modern-day excitement of 21st century city life,” said Chris Anderson, senior vice president, sales, marketing and brand development of Marcus Hotels & Resorts. Anderson said the renovation was part of the company’s focus on continually maintaining and enhancing its properties. “This is the fifth historic property we have renovated. The successful restoration of landmark properties requires specialized knowledge and expertise that we have developed over the past 50 years. Investing in our existing properties is a hallmark of our company, and one of the reasons why many of our hotels are the premier property in their market,” said Anderson. The Hotel Phillips welcomes visitors with dramatic exterior lighting designed to accentuate the hotel’s historic stone detailing. Inside, the lobby opens to reveal inlaid marble floors and pillars, walnut and wrought iron accents, and etched glass and brass light fixtures, also seen throughout other areas of the hotel. The statue of Dawn, a golden angel figure, overlooks the lobby and ties together all of the elements throughout the expansive hotel. The international company Duncan·Miller·Ullmann was the design firm for the project. Hotel Phillips opened in 1931 as the city’s most elegant hotel. Today it retains that beautiful distinctive Art Deco elegance that is now combined with the ambience of a European-style hotel. It features unparallel guest services and amenities. Hotel Phillips is listed on the National Register of Historic Places and has been recognized in Southern Living, Food & Wine and The Wall Street Journal. Reservations can be made by calling 877-704-5341. For more information, visit www.hotelphillips.com.
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 visit: www.marcushotels.com.
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 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. For more information, visit the company’s web site at www.marcuscorp.com. |
10.21.11 |
THE MARCUS CORPORATION ANNOUNCES RESIGNATION OF BILL OTTOMilwaukee, Wis., October 21, 2011. . . . .The Marcus Corporation (NYSE: MCS) today announced the resignation of Bill Otto, president of Marcus Hotels & Resorts. Otto, who has been with Marcus Hotels for 19 years, expanded the division from a few properties to a company with a broad geographic reach. About The Marcus Corporation Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant real estate assets. The Marcus Corporation’s movie theatre division, Marcus Theatres®, currently owns or manages 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s lodging division, Marcus Hotels & Resorts, owns or manages 18 hotels, resorts and other properties in nine states. For more information, visit the company’s Web site at www.marcuscorp.com.
|
10.17.11 |
MARCUS(R) HOTELS AND RESORTS CELEBRATES THE CENTENNIAL ANNIVERSARY OF THE SKIRVIN HILTON HOTEL IN OKLAHOMA CITYMilwaukee, Wis., October 17, 2011. . . . .Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced the 100th anniversary celebration of The Skirvin Hilton Hotel in Oklahoma City, Okla. In 2007, Marcus Hotels & Resorts completed a $55 million renovation and restoration of this historic landmark, returning the property to its former glory as the social center of Oklahoma City. “We are delighted to celebrate the 100th anniversary of the oldest existing hotel in the state of Oklahoma. The Skirvin Hilton is a grand hotel in the tradition of historic hotels, and was our fourth historic restoration,” said Bill Otto, president of Marcus Hotels & Resorts. “While carefully retaining its historic details, we completely renovated the property and introduced successful restaurant concepts, including the Park Avenue Grill and Red Piano Bar. We are proud to be a part of this celebratory event – and proud to continue to deliver exceptional service to our Oklahoma City guests.”
The project leveraged Marcus Hotels’ 50 years of experience in restoring landmark hotels and the expertise of Skirvin Partners in Development to accomplish such a monumental rebirth of this historic icon of Oklahoma City. “This was a complex undertaking from both a restoration and financial viewpoint, involving new-market tax credits and federal and state historic tax credits. However, it was
well worth the effort. The Skirvin Hilton has been a tremendous addition to Oklahoma City and helped to revive growth and excitement of the downtown surrounding area,” said Otto. “We look forward to celebrating the Skirvin Hilton’s Centennial anniversary at events throughout the week.”
“We are extremely pleased with the way the hotel has performed,” said Brent Bryant, economic development program manager for the city of Oklahoma. “The project has far exceeded what we felt was an aggressive occupancy rate and continues to carry on its significant role in our city as the social epicenter for residents and guests alike.”
“The Skirvin Hilton has been considered the city’s crown jewel through the turbulent years and rebirth of downtown Oklahoma City in 2006. Today the hotel serves as a chronicler of the city’s history and remains an important piece of the city’s past and future,” said Martin Van Der Laan, general manager of the Skirvin Hilton.
Otto added that reinvesting in its properties continues to be a hallmark of the company. “Maintaining our assets has always been a top priority for Marcus Hotels & Resorts. We continue to enhance and renovate our existing properties so they meet the high standards of today’s travelers and hotel owners alike. We also look for opportunities to add new features and amenities, such as creative restaurant and bar concepts and relaxing spas,” said Otto. The company recently completed $30 million of renovations at the Hilton Milwaukee and Grand Geneva Resort & Spa in Lake Geneva, Wis., and renovations are in the final stages at the historic Hotel Phillips in Kansas City, Mo.
The Skirvin Hilton’s Centennial celebration will include a full week of festivities from Sunday, October 16 to Friday, October 21, 2011. All events are open to the public, and include different activities each day. Closing the week, the sold-out Centennial Black-Tie Gala, which has already raised over $145,000 for charity, will be the grand finale of the celebration. For more information on the Skirvin Hilton Centennial events, visit www.SkirvinCentennial.com or call 405-272-3040.
The Skirvin Hilton originally opened in 1911 and has been synonymous with elegance and innovation for the past five generations, hosting oil barons, dignitaries, movie stars, political leaders and presidents ever since. Guests from around the globe have traveled through the downtown Skirvin Hilton to experience its unique sophistication and timelessness. Since the renovation in 2007, the hotel
has earned a AAA Four Diamond rating every year and received the Mayor’s Development Award for best downtown development.
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.
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 & Resortsdivision, the company’s movie theatre division, Marcus Theatres®, is the sixth largest theatre circuit in the United States and currently owns or operates 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. For more information, visit the company’s web site at
|
09.19.11 |
THE MARCUS CORPORATION PROMOTES BRUCE HOFFMANN TO SENIOR DIRECTOR OF FINANCE AND ASSISTANT TREASURERMilwaukee, Wis., September 19, 2011. . . . . The Marcus Corporation (NYSE:MCS), today announced that Bruce Hoffmann has been promoted to senior director of finance and assistant treasurer. Hoffmann previously served as senior vice president, finance, strategy and planning for Marcus Hotels & Resorts. In his new position, Hoffmann will provide analytical and financial support for company-wide growth initiatives, including the proposed The Corners of Brookfield retail development project and the company’s newly formed hotel investment business. His responsibilities will include focusing on maximizing capital growth and hotel management opportunities in addition to assisting in the
procurement and negotiation of various debt and equity arrangements and joint venture arrangements.
Hoffmann joined Marcus Hotels & Resorts 13 years ago as division controller. He was promoted to senior director of finance and administration in 2001, and promoted to vice president of finance and administration in 2002. In this position, his accomplishments included the completion of two joint venture developments – The Platinum Hotel in Las Vegas, Nev. and the historic renovation of the
Skirvin Hotel in Oklahoma City, Okla. In 2006, he was promoted to vice president of development, where his responsibilities included negotiating purchase and sales agreements as well as negotiating with lenders and joint venture partners. In 2008, Hoffmann was promoted to senior vice president of finance, strategy and planning, where he continued his development responsibilities while also
focusing on revamping and leading the hotel division’s strategic planning process.
Prior to joining Marcus Hotels & Resorts, Hoffmann spent six years with Interstate Hotels Corporation. He began his career with Hyatt Hotels Corporation in Milwaukee in 1988.
Hoffmann holds a Certified Hospitality Accounting Executive (CHAE) certification through Hospitality Finance & Technology Professionals (HFTP) and was named CHAE of the Year in 2004. He has formerly served as HFTP vice president and as a member of the Board of Directors of the
Milwaukee chapter.
Hoffmann graduated cum laude from the University of Wisconsin-Eau Claire with a bachelor’s degree in accounting.
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. The Marcus Corporation’s theatre division, Marcus Theatres®, currently owns or manages 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s
lodging division, Marcus® Hotels & Resorts, owns or manages 18 hotels, resorts and other properties
in nine states. For more information, visit the company’s web site at www.marcuscorp.com.
|
08.18.11 |
BILL REYNOLDS JOINS THE MARCUS CORPORATION AS SENIOR MANAGING DIRECTOR OF MHR CAPITALMilwaukee, Wis., August 18, 2011. . . . .The Marcus Corporation (NYSE: MCS) today announced that Bill Reynolds has joined the company as senior managing director of MHR Capital. MHR Capital is a newly formed hotel investment business formed by The Marcus Corporation to act as an investment fund sponsor, joint venture partner or sole investor for hotel and resort properties. Reynolds’ career spans more than 25 years in commercial real estate investment, with a specialization in the hotel industry. In his new position, Reynolds will evaluate investment strategies and opportunities to maximize capital growth and management assignments for the company. Prior to joining MHR Capital, Reynolds served as managing director and chief investment officer of Thayer Lodging Group, which invests on a value-add basis in upscale, full-service hotels. Prior to his work at Thayer, Reynolds advised Hospitality Capital Partners/USAA Real Estate Company, served as chief investment officer of MeriStar Hospitality Corporation REIT, served as senior vice president for Interstate Hotels and CapStar Hotel Company, and was a principal in Metro Hotels, which was purchased by CapStar in 1997.
“We are excited to have Bill lead our hotel investment company, MHR Capital. Bill’s comprehensive experience in hotel asset management services, development, project finance and hotel acquisitions and dispositions, as well as his extensive network, will be an asset to us as we work to expand our presence in the lodging industry,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation.
Reynolds is a member of the ULI Hotel Development Council, the New York Hospitality Council, the Lodging Industry Investment Council and the steering committee for Americas Lodging Investment Summit (ALIS). He has also served on the steering committees for the Hunter Investment Conference and Meet the Money, and is a past trustee of the American Resort Development Association.
“MHR Capital represents an opportunity to utilize Marcus’ breadth and depth of operating expertise in a variety of hospitality investments, both branded and independent. I am delighted to be part of this versatile and proven company,” stated Reynolds.
About The Marcus Corporation
Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant real estate assets. The Marcus Corporation’s movie theatre division, Marcus Theatres®, currently owns or manages 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s lodging division, Marcus Hotels & Resorts, owns or manages 18 hotels, resorts and other properties in nine states. For more information, visit the company’s Web site at www.marcuscorp.com
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 from 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 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, the United States’ responses thereto and subsequent hostilities. 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.
|
