Stephen H. Marcus Honored with Lodging Hospitality Magazine's Game Changer Award
Award Presented at the Fourth Annual Midwest Lodging Investors Summit
Milwaukee, WI - July 25, 2011 - The Marcus Corporation (NYSE:MCS) today announced that Stephen H. Marcus, chairman of The Marcus Corporation, received Lodging Hospitality magazine's first annual Game Changer Award at the fourth annual Midwest Lodging Investors Summit on July 19. The Game Changer Award was created to honor an individual who has had a significant impact on lodging in the Midwest and on the industry as a whole.
Marcus was credited with leading the renovation of the Pfister Hotel in Milwaukee, Wis., which launched the company's Marcus Hotels & Resorts division. He led other restoration and repositioning projects and grew the hotel division to 18 owned or managed properties in its portfolio. After his success with the Pfister and other similar projects such as the Hilton Milwaukee, Marcus launched the Budgetel Inn brand in 1974 and helped pioneer the limited-service hotel segment. Budgetel thrived through the 1990s and expanded to almost 200 company-owned and franchised properties. Rebranded as Baymont Inns & Suites, the system was sold in 2004 for a substantial gain.
“While my name is on the award, this recognition really reflects the hard work and creativity of our outstanding management team and associates across the company. I am proud of all that we have accomplished and look forward to continued growth and success in the years ahead,” said Marcus.
About The Marcus Corporation
Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporation's theatre division, Marcus Theatres®, currently owns or manages 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company's lodging division, Marcus® Hotels and Resorts, owns or manages 18 hotels, resorts and other properties in nine states. For more information, visit the company's web site at www.marcuscorp.com .
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