Marcus Hotels and Resorts to Retain Minority Interest, Manage Hotel as Part of Announced Growth Strategy to Co-invest with Selected Owners

MILWAUKEE & COLUMBUS, Ohio -- Marcus Hotels and Resorts, a division of The Marcus Corporation (NYSE:MCS), today announced that it has sold the historic, 186-room Westin Columbus (Ohio) hotel for an undisclosed amount into a joint venture between the company and Waterton Tactical Real Estate Fund I, a discretionary, value-added real estate fund sponsored by Chicago-based Waterton Commercial LLC.

Marcus Hotels and Resorts will own a 15 minority interest in the joint venture and will continue to manage the hotel under a long-term ...