Marcus®
Hotels & Resorts, a division of The
Marcus Corporation (NYSE: MCS), today announced it will convert its
Four Points by Sheraton Chicago Downtown/Magnificent Mile hotel located
at 630 N. Rush Street into one of the first AC Hotels by Marriott in the
U.S. with an anticipated opening in spring 2015.
“We are excited to bring one of the first AC Hotels by Marriott in the
U.S. to Chicago’s River North area,” said Thomas F. Kissinger, interim
president, Marcus Hotels & Resorts and senior executive president, The
Marcus Corporation. “This stylish, urban lifestyle brand brings together
a contemporary and elegant look with the latest amenities and technology
for the savvy traveler. The urban-inspired feel and sleek, European
design makes this brand the perfect fit for Chicago, providing guests
with a cosmopolitan, yet relaxed atmosphere, while having a strong
connection to a very vibrant and lively city.”
Inspired by the fashion houses of Spain and the runways of Italy, the AC
Hotels by Marriott brand targets travelers searching for a design-led
hotel in a great location with high-quality service. European
aesthetics, stylish artifacts, simplistic designs and technology enabled
functional spaces embody the brand. “The AC by Marriott Chicago will
include 226 rooms and 6,000 square-feet of meeting space. Public spaces
will feature multimedia areas and local museum-quality artifacts. The AC
Lounge will offer a bar area with cocktails, craft beers and small plate
food offerings, comfortable seating and complimentary Wi-Fi overlooking
the Magnificent Mile. The AC by Marriott Chicago will also include the
AC Library, AC Fitness and AC breakfast, offering healthy crafted
breakfast options. All guestrooms will have dramatic lighting,
functional work spaces, free Wi-Fi and sophisticated furnishings,” said
Chris Anderson, senior vice president, Marcus Hotels & Resorts.
“AC Hotels by Marriott brand is all about connecting with the culture of
the city and all Chicago has to offer. Chicago’s lively Michigan Avenue
is known as one of the premier shopping, dining and entertainment
destinations in the U.S., and the rebranding will capture that local
spirit and style that makes Chicago so special. We are excited to be one
of the first AC Hotels in the U.S. and bring this successful brand to
Chicago,” added Anderson.
Founded by Antonio Catalan, The AC Hotels by Marriott brand was launched
in Europe in 2011 as a joint venture between Marriott International and
Spain’s AC Hotels. Today, the brand has a total of nearly 80 hotels
located in Spain, Italy, Portugal and France. “We are very excited to
bring our successful European brand to Chicago, as it is a perfect
gateway city for design-conscious travelers,” said Callette Nielsen,
vice president AC Hotels by Marriott. “This vibrant brand will fit in
perfectly with Chicago’s fashion-forward, trendsetting environment, and
will provide guests with an authentic travel experience right in the
heart of downtown.”
For the latest news and updates from Marcus Hotels & Resorts, please
visit http://media.marcushotels.com.
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 10 states. A force in the hospitality
industry, Marcus Hotels & Resorts provides expertise in management,
development and historic renovations. The company’s portfolio includes a
wide variety of properties including city-center meeting hotels, upscale
resorts and branded first-class hotels. For more information on the
latest news and updates, please visit: http://media.marcushotels.com
and follow the company on Facebook
and Twitter
(@MarcusHotels).
About The Marcus Corporation
Headquartered in Milwaukee, Wis., The
Marcus Corporation is a leader in the lodging and entertainment
industries, with significant company-owned real estate assets. In
addition to its Marcus
Hotels & Resorts division, the company’s movie theatre division, Marcus
Theatres®, is the fifth largest theatre circuit in the United States
and currently owns or operates 685 screens at 55 locations in Wisconsin,
Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. For more
information, visit the company’s web site at www.marcuscorp.com.
Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may generally be identified as such
because the context of such statements include words such as we
“believe,” “anticipate,” “expect” or words of similar import. Similarly,
statements that describe our future plans, objectives or goals are also
forward-looking statements. Such forward-looking statements are subject
to certain risks and uncertainties which may cause results to differ
materially from those expected, including, but not limited to, the
following: (1) the availability, in terms of both quantity and audience
appeal, of motion pictures for our theatre division, as well as other
industry dynamics such as the maintenance of a suitable window between
the date such motion pictures are released in theatres and the date they
are released to other distribution channels; (2) the effects of
increasing depreciation expenses, reduced operating profits during major
property renovations, and preopening and start-up costs due to the
capital intensive nature of our businesses; (3) the effects of adverse
economic conditions in our markets, particularly with respect to our
hotels and resorts division; (4) the effects of adverse weather
conditions, particularly during the winter in the Midwest and in our
other markets; (5) the effects on our occupancy and room rates of the
relative industry supply of available rooms at comparable lodging
facilities in our markets; (6) the effects of competitive conditions in
our markets; (7) our ability to identify properties to acquire, develop
and/or manage and the continuing availability of funds for such
development; and (8) the adverse impact on business and consumer
spending on travel, leisure and entertainment resulting from terrorist
attacks in the United States or incidents such as the tragedy in a movie
theatre in Colorado. Shareholders, potential investors and other readers
are urged to consider these factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue reliance
on such forward-looking statements. The forward-looking statements made
herein are made only as of the date of this press release and we
undertake no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Copyright Business Wire 2014