Marcus Hotels & Resorts Announces Updates to Current Operations

USA, Milwaukee, Wisconsin. May 21, 2020

Marcus Hotels & Resorts®, a division of The Marcus Corporation (NYSE:MCS), is temporarily closing additional properties across its portfolio. This decision includes all of the following hotels owned by the Company that are currently still open, The Pfister Hotel in Milwaukee; The Platinum Hotel in Las Vegas; Hilton Madison Monona Terrace in Wisconsin; and the AC Hotel Chicago Downtown in Chicago. Additionally, with respect to the hotels that we manage for third-parties, we are working with the owners of those properties to temporarily close the hotels or transition management.

"Our top priority in this unprecedented time, as it has always been through our history, is focused on the safety and well-being of our associates, guests and community. Like so many businesses today, we are presented with difficult decisions. Given the drastic and ongoing challenges facing our industry and business, we are closing additional properties across our portfolio and hope this decision will also help our nation's efforts to slow the spread of the novel coronavirus," said Michael R. Evans, President of Marcus Hotels & Resorts. "These continue to be especially trying times, and we remain committed to diligently helping our associates that have been most adversely impacted by this situation. Amidst these challenges, our underlying hope is that we will only be closed for a short period of time and our team will soon be back together welcoming guests through our doors."

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