Marshall Strengthens Eastern Corridor Presence with Opening of Philadelphia Four Points by Sheraton
SALISBURY, Md. and PHILADELPHIA, Dec. 3, 2008 - Marshall Management, Inc., a leading, mid-sized hotel management company, today announced that it has opened the 92-room Four Points by Sheraton Philadelphia Convention Center in Pennsylvania. It is the company’s first property to be managed under an agreement with Lam’s Realty Corporation, a local hotel and real estate development and operations firm. The Four Points by Sheraton is Marshall’s second managed hotel in Philadelphia and the seventh in the state.
“This is our ninth urban hotel in the Northeast corridor, which provides us with additional economies of scale and operating synergies,” said Michael Marshall, president and CEO of Marshall Management, Inc. “We believe the greater operating and cost efficiencies will benefit all of our managed properties, as well as enhance our marketing efforts.”
Located at 1201 Race Street, across the street from the Philadelphia Convention Center, near the Philadelphia Museum of Art and the University of Pennsylvania, the Four Points by Sheraton Philadelphia Convention Center offers 2,688 square feet of flexible meeting space, a full-service restaurant, fitness center and free high-speed Internet in all public areas and guest rooms. The hotel is convenient to Chinatown, City Hall and the Reading Terminal Market and nearby corporate offices, including GlaxoSmithKline, KPMG, IBM and Accenture.
Guest rooms contain the Four Points by Sheraton Comfort Bed(R), featuring a plush mattress, an assortment of pillows and a duvet in a rich palette of colors, free bottled water and in-room movies on a state-of-the-art 32-inch flat panel television. Guests may sample domestic and international beers in the hotel lounge, courtesy of the Four Points by Sheraton Best Brews(R) program.
“In addition to on-going operations, our hotel expertise encompasses development, project consulting, pre-opening services and construction management,” Marshall noted. “This is the fourth new-build property that we have opened in the past six months, and we are on schedule to open four more within the next six months.”
About Lam’s Realty Corporation
Lam’s Realty Corporation was founded by President Steve Lam, and his son, Vice President Henry Lam and has been in hotel development and operations for more than 15 years. Based in Philadelphia, Pa., the new-build Four Points by Sheraton Philadelphia City Center is the company’s first venture with Starwood Hotels. The company has developed and managed Holiday Inn, Ramada and Wyndham brands in both metropolitan and suburban locations. An entrepreneurial organization, Lam’s Realty will continue looking for opportunities for hotels that meet their long-term goals.
Contact: Rick Day
Senior Vice President - Sales and Marketing
Marshall Management, Inc.
(410)749-8464
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Jerry Daly, media
Daly Gray Public Relations
(703)435-6293
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Source: Marshall Management, Inc.
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