Marshall Hotels & Resorts, Inc. Takes on Three Receivership Assignments

SALISBURY, Md., Dec. 6, 2010 /PRNewswire/ -- Officials of Marshall Hotels & Resorts, Inc., a leading, Maryland-based hotel management and services company, today announced the company has been appointed receiver for the Four Points by Sheraton Hotel & Suites Allentown Airport, in Pa.; and Holiday Inn Danbury, in Conn. and as operator for the Holiday Inn Buffalo Amherst Hotel, in N.Y., which is in receivership.

"We are seeing lenders becoming increasing more aggressive in taking back hotels," said Mike Marshall, president and CEO.  "We have a proven track record in quickly stabilizing and turning around troubled hotels and have the infrastructure in place to immediately take over individual properties and portfolios on a moment's notice.  For these three properties, we will focus initially on what we believe are substantial opportunities in marketing and food & beverage to substantially increase revenues."

About the Properties

• Holiday Inn Buffalo Amherst Hotel, in N.Y.—Located at 881 Niagara Falls Blvd., in Amherst, a short distance from Niagara Falls, downtown Buffalo, HSBC Arena and 30 minutes from Ralph Wilson Stadium, the 199-room hotel features complimentary 24-hour airport transportation to nearby Buffalo/Niagara International.  The hotel offers an indoor heated pool, fitness center with Jacuzzi, more than 3,500 square feet of flexible meeting space with audio visual equipment, and a full-service restaurant.
• Four Points by Sheraton Hotel & Suites Allentown Airport, in Pa.—At 3400 Airport Rd., in Allentown, in the center of Lehigh Valley Industrial Parks, the property is conveniently near historic downtown Bethlehem, Dorney Park & Wild Water Kingdom, Blue Mountain Ski Area, Lehigh Valley Mall and Lafayette College.  The hotel features the area's only Olympic-size indoor heated pool, free 24-hour fitness center with cardio vascular equipment, business center, and direct non-stop shuttle service to Lehigh Valley International Airport.  The 145 guest room's amenities include ergonomic desk and chair, microwave oven and complimentary high-speed Internet access.  The property has 4,500 square feet of flexible meeting space and two dining options, Teddy's Jetport Lounge & Nightclub and Four Points Restaurant & Lounge.
• Holiday Inn Danbury, in Conn.—Situated at 80 Newton Rd., in Danbury, the full-service hotel has 114 guest rooms. The pet-friendly property has a 24-hour fitness center, seasonal pool, fax and copy services, book nook library and enough banquet space to accommodate up to 200 people.  Marshall will oversee a renovation of the hotel's restaurant and lounge.

About Marshall Hotels & Resorts, Inc.

Salisbury, Md.-based Marshall Hotels & Resorts, Inc. is celebrating 30 years as a hotel operating company.  It has special expertise in operating three- and four-star branded hotels and resorts, averaging 100 to 500 rooms, in urban and central business districts, as well as suburban/drive-to and resort locations.  In addition, the company has a proven track record managing independent resort and unique urban properties.  The company has managed a wide array of leading hotel brands, including Hilton, Starwood, InterContinental Hotel Group, Hyatt, Choice and Wyndham.  Additional information about Marshall Management may be found at the company's Web site: www.marshallhotels.com.

SOURCE Marshall Hotels & Resorts, Inc.

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