Hotel Firms Team for Accelerated Development

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.