Hostmark Adds Four Points by Sheraton and Holiday Inn Express to Roster
SCHAUMBURG, IL, September 16, 2009 - Hostmark Hospitality Group, one of the nation's largest third-party hotel management companies, has been named the third-party operator for two hotels in Saginaw, Michigan: Four Points by Sheraton and Holiday Inn Express. The addition of these hotels to Hostmark's management portfolio brings the total to 5 properties that the third-party management firm has added in the past 60 days. Throughout the management company's history, the firm has been selected to provide services in more than 130 asset bankruptcies, foreclosures, and receiverships.
"Hostmark Hospitality Group has earned its reputation as an industry expert at stabilizing and turning around underperforming properties," says Jerome Cataldo, President, Hostmark Hospitality Group. "For more than 40 years, owners have turned to us to manage their properties because our experienced, focused and aggressive management team can successfully implement integrated solutions that maximize asset potential."
Hostmark Hospitality Group has applied their extensive experience with distressed assets in creating a tailored program called SOS (Stabilize, Operate, Sell). "The SOS program begins with a comprehensive property assessment, stabilizing the human capital and demand variables," Cataldo continues, "leading to evaluation and recommendations for the property's physical plant; hotel operations and marketing; creation of a detailed operating budget; formulation of an appropriate business plan; plus staff assessment and alignment."
"Operating a distressed asset requires a proven skill set that addresses the unique situation and returns asset value," concludes Cataldo. All findings and data are communicated to the financial institution or owner on an ongoing basis through ProfitMark(R), Hostmark's proprietary information intelligence portal.
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 
