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Article: Marshall Management, Inc. Announces Plan to Increase Size by 50 Percent; Names Scott McMahon Vice President of Development, Introduces Performance-based Management Contract Program.
- Article from:
- Business Wire
- Article date:
- February 3, 2003
CopyrightCOPYRIGHT 2003 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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Business Editors
SALISBURY, Md.--(BUSINESS WIRE)--Feb. 3, 2003
Marshall Management, Inc., a leading mid-sized management company, today unveiled new growth plans to increase its current managed hotel portfolio by as much as 50 percent from 20 hotels currently to between 30 and 35 properties within the next several years.
The new growth initiative follows the recent joint decision to terminate a proposed merger with Toronto-based AFM Hospitality Corporation (TSX:AFM).
To support the strategic growth program, the company has strengthened its operating management, marketing and development teams and will offer a unique, performance-based ...