Marshall To Manage Five Hotels Under Development

SALISBURY, MD-Hotel management company Marshall Management has inked five new contracts over the last few months to manage properties that are currently under development in the Mid-Atlantic region. The total development costs of these hotels are roughly $161.5 million, Mike Marshall, president and CEO of Marshall Management, tells GlobeSt.com. Marshall is consulting on the development, will oversee all pre-opening activities and will manage the properties once complete.

The most recent transaction is a 69-key Comfort Suite in Seaford, DE, with a development cost of $6.5 million. A last minute contract for the firm signed within the last few weeks, Marshall is now rushing to help get it open by the first or second week of June.

Two of the contracts are in the Baltimore area: a 130-room Indigo Hotel and a 100-suite Staybridge Suites. Historical renovations, their development costs are between $20 million each, according to Marshall.