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Article: Marcus Hotels and Resorts to Manage Sheraton Clayton Plaza Hotel St. Louis.
- Article from:
- Business Wire
- Article date:
- February 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILWAUKEE & ST. LOUIS -- Marcus Hotels and Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced that it has signed an agreement to manage the Sheraton Clayton Plaza Hotel St. Louis. The hotel will undergo a multi-million dollar renovation, beginning later this year. It is the fourth property added to the Marcus Hotels portfolio this fiscal year, with a fifth hotel under construction/renovation.
"We continue to aggressively seek new third-party management opportunities with our current owners, as well as with other hotel investors," said Bill Otto, president of Marcus Hotels and Resorts. "This hotel is in a very upscale suburb of western St. ...