Marshall to Manage Manhattan Four Points by Sheraton
NEW YORK, NY, April 22, 2008. Management, Inc., a leading, mid-sized hotel management company, today announced that it has signed a contract to manage the Four Points by Sheraton Manhattan Chelsea. This marks the company's fourth managed hotel in New York City under an agreement with The Lam Group, a leading hotel and real estate development firm owned by John Lam, and Lam Generation, a recently formed hotel development and ownership company operated by Jeffrey Lam. Under the terms of the agreement, announced in August 2007, Marshall will provide services to accelerate their planned development in New York City. Of the four Lam hotels to be managed by Marshall, the Four Points by Sheraton Manhattan Chelsea is the first to open; the remaining three are currently under development.
"Through our partnership with The Lam Group and Lam Generation, we have been able to utilize our expertise in urban, mid-market hotels to establish a presence in New York City," said Michael Marshall, president and CEO of Marshall Management, Inc. "We have found there is a demand for the type of customized services that are Marshall's hallmark in the Manhattan market-- Moderately-sized properties in an area where space is at a premium and competition is considerable, stand to benefit from our targeted, individualized attention. The Four Points Manhattan Chelsea aligns perfectly with our area of expertise, and we intend to maintain its standing as a key property in one of Manhattan's hippest neighborhoods."
The 158-room Four Points by Sheraton Manhattan Chelsea is within walking distance of Manhattan's most storied attractions, including Times Square, the Empire State Building, Madison Square Garden and the Chelsea Piers. It is also proximate to a number of corporate offices, including Hewlett Packard, GE, Verizon, Reuters, the Met Life Building, CBS/Viacom and New York University. Hotel guestrooms feature wide angle views of the Manhattan skyline, the signature Four Points by Sheraton Four Comfort Bed, and modern furnishings. The property also features a state-of-the-art fitness center, the U and Mei casual dining restaurant and more than 2,000 square feet of meeting space that can seat up to 10 people.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
