The
Marcus Corporation (NYSE: MCS) today announced that Thomas P. Riley
has been named senior vice president - development for Marcus®
Hotels & Resorts and MCS Capital LLC. Riley has 22 years of
experience in the lodging industry, including executive-level positions
in acquisitions, development and finance.
Tom Riley (Photo: Business Wire)
Riley comes to Marcus Hotels & Resorts and MCS Capital from Kimpton
Hotels & Restaurants, where he served as vice president acquisitions &
development for the past eight years. His responsibilities in this
position included identifying potential acquisition, joint venture and
third-party management opportunities, financial modeling, analysis and
market feasibility studies, and negotiating hotel operating, technical
services and purchase and sale agreements. He joined Kimpton in 2002 as
regional controller for the company’s eastern region hotels and
restaurants, was promoted to regional vice president - finance in 2005
and to his most recent position in 2006.
Riley has also held finance positions with Crestline Hotels and Resorts,
Marriott International, Hilton Hotels Corporation and Promus Hotel
Corporation. He began his career in 1992 with Embassy Suites.
“Tom’s extensive experience in acquisitions and development further
strengthens our hotel division executive team. Tom will work closely
with William R. 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 Thomas F. Kissinger, interim president,
Marcus Hotels & Resorts and senior executive vice president of The
Marcus Corporation. “We look forward to continuing to expand the
presence of Marcus Hotels & Resorts as a leading national hotel
management company.”
Riley is a graduate of Pennsylvania State University and received an MBA
degree from Palm Beach Atlantic University. He has served on the Penn
State Hotel and Restaurant Society Board of Directors since 2003, and is
currently the board chairman. He also serves on the George Washington
University Department of Tourism and Hospitality Management Advisory
Board and is an adjunct professor and serves on the Advisory Board of
the Anne Arundel Community College School of Hospitality and Culinary
Arts in Arnold, Maryland.
Riley can be contacted at tomriley@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 18 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 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
Headquartered in Milwaukee, Wisconsin, 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 Marcus Corporation’s theatre
division, Marcus
Theatres®, currently owns or manages 685 screens at 55
locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North
Dakota and Ohio. For more information, please visit the company’s web
site at www.marcuscorp.com.
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