Bill Otto, President of Marcus Hotels & Resorts to Resign
MILWAUKEE - October 24, 2011 - The Marcus Corporation (NYSE: MCS) today announced the resignation of Bill Otto, president of Marcus Hotels & Resorts. Otto, who has been with Marcus Hotels for 19 years, expanded the division from a few properties to a company with a broad geographic reach.
“It is with sincere regret that I have accepted Bill's resignation. He has been with Marcus Hotels & Resorts since 1993, when he joined us as senior vice president of operations. He was promoted to president in 2001 and has grown the division's portfolio from four hotels in Wisconsin to 18 properties in nine states. Along the way, he also built our expertise in hotel management, development and historical renovations. Bill has left an indelible mark on our company and we appreciate his many contributions to our success,” said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation.
“Bill has developed a strong team with great bench strength, so I am confident we will continue operating at a high level while we assess our leadership needs,” said Marcus. He said Otto will remain with the company for several weeks to provide a smooth transition.
About The Marcus Corporation
Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant real estate assets. The Marcus Corporation's movie 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 & 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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