Search
 

Hotel Firms Team for Accelerated Development

NEW YORK CITY-The Lam Group, Lam Generation and Marshall Management sign agreements where Marshall will provide management consulting services on three hotels.

By Natalie Dolce | Updated on August 29, 2007

NEW YORK CITY-The Lam Group, a hotel and real estate development firm owned by John Lam; Lam Generation; and Salisbury, MD-based Marshall Management Inc., a mid-sized hotel management company, have signed agreements designed to help the two development companies accelerate their planned development in New York City. Under terms of the agreement Marshall Management will provide consulting for “back of the house” operations as well as consulting services for pre-opening activities.

The “back of the house” operations include accounting, property-level strategic marketing planning, analysis of operating results and making periodic property visitation/reviews. The consulting services for pre-opening activities include planning and marketing, as well as assist in training and hiring. The company currently is underway in a search to find the key property-level executives for three hotels.

“We are accelerating our hotel development in New York City,” says John Lam, chairman and CEO of the Lam Group. “As a result, we realized that we needed additional hotel management expertise to back us up in the administrative area.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.