MILWAUKEE--(BUSINESS WIRE)--Dec. 1, 2015--
Marcus®
Hotels & Resorts, a division of The
Marcus Corporation (NYSE: MCS), today announced that Andrea Foster
has been named senior vice president, development for Marcus Hotels &
Resorts and MCS Capital LLC. Foster, a 20-year hospitality veteran and
lodging industry expert, will be responsible for marketing the company’s
hotel management capabilities and identifying and securing potential
acquisition, joint venture and third-party management opportunities for
the company.
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Andrea Foster (Photo: Business Wire)
Foster joins Marcus Hotels & Resorts and MCS Capital from PKF
Consulting|CBRE Hotels, where she most recently served as managing
director, leading PKF’s Boston office and overseeing its national Spa
Advisory Practice. From 2006-2011, she served as vice president,
marketing and business development for Miraval Holdings, a top-rated
destination spa resort and healthy lifestyle brand. Foster began working
with PKF|CBRE in Los Angeles in 2002 where she was responsible for
hospitality real estate ventures and feasibility analysis. She returned
to PKF|CBRE in 2011. Her career also includes operations management
positions with boutique-size branded and independent hotel properties on
the East and West coasts.
“Andrea’s extensive experience in operations, business development,
marketing, feasibility and valuation, as well as hotel spa and wellness,
is an excellent addition to our company. Andrea will work closely with
William H. Reynolds, Jr., senior managing director of MCS Capital, in
pursuing opportunities to further expand our hotel portfolio by adding
high-quality management contracts and sourcing potential hotel
investment opportunities,” said Joseph Khairallah, chief operating
officer of Marcus Hotels & Resorts. “We look forward to continuing to
expand the presence of Marcus Hotels & Resorts as an operator of unique
and high quality hotels nationally.”
During her career, Foster has worked on a variety of assignments
involving market positioning and repositioning, feasibility analysis,
appraisals, operational analysis, sales and marketing analysis, spa
studies, impact studies and tourism studies. She has become a key voice
at hotel investment conferences and was the publisher of PKF’s Trends®
in the Hotel Spa Industry report. Foster is president of the Cornell
Hotel Society New England Chapter, industry advisor to Cornell
University Spa Association, scholarship chair for ISPA (the
International Spa Association), a member of the NEREJ (New England Real
Estate Journal) Hotel Advisory Board, an active member of CREW
(Commercial Real Estate Women) Boston, and is a regular speaker at the
hospitality schools at Cornell and Boston University.
“We are fortunate to have a leading expert of Andrea’s caliber join our
development team. Her knowledge of the industry and her many
professional relationships and contacts will be a significant asset to
Marcus Hotels & Resorts and MCS Capital as we pursue growth
opportunities,” said William H. Reynolds, Jr.
Foster, originally from Maine, is a graduate of Cornell University’s
School of Hotel Administration with a concentration in real estate
finance and operations.
Foster can be contacted at andreafoster@marcushotels.com.
For more information on the latest news and updates from Marcus Hotels &
Resorts, please visit: http://media.marcushotels.com.
About Marcus Hotels & Resorts
Marcus
Hotels & Resorts, a division of The
Marcus Corporation (NYSE: MCS), owns and/or manages 19 hotels,
resorts and other properties in the U.S. A leader in the hospitality
industry since 1962, Marcus Hotels & Resorts creates asset value for
hotel owners through its expertise in management, development and
product repositioning, including hotel food and beverage concepts
developed by its Marcus Restaurant Group. The company’s distinctive
portfolio includes city-center meeting hotels, upscale resorts, historic
properties, and premium branded and independent first-class hotels.
Marcus Hotels & Resorts is an approved operator for all major lodging
brands. For more information, please visit: http://media.marcushotels.com
and follow the company on Facebook
and Twitter
(@MarcusHotels).
About MCS Capital LLC
MCS Capital LLC is the wholly-owned hotel investment affiliate of The
Marcus Corporation. Created to leverage the The Marcus Corporation’s 50
years of hotel operating expertise, MCS Capital may act as an investment
fund sponsor, joint venture partner or sole investor for hotel and
resort properties. Some of the properties sourced by MCS Capital may be
managed by Marcus Hotels & Resorts.
About The Marcus Corporation
Celebrating its 80th anniversary in 2015, The
Marcus Corporation is a leader in the lodging and entertainment
industries, with significant company-owned real estate assets. The
Marcus Corporation’s theatre division, Marcus
Theatres®, currently owns or manages 675 screens at 54
locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North
Dakota and Ohio. The company’s lodging division, Marcus®
Hotels & Resorts, owns and/or manages 19 hotels, resorts and
other properties in 10 states. The company is headquartered in
Milwaukee, Wis. For more information, please visit the company’s website
at www.marcuscorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151201005453/en/
Source: The Marcus Corporation
for The Marcus Corporation
Jessica Vollrath
(414) 221-0218
jvollrath@vollrathpr.com
