News Press Releases

Marcus® Hotels & Resorts Assumes Management of Heidel House Resort & Spa in Green Lake, Wis.

MCS | May 15, 2014

Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced it has entered into an agreement to assume hotel management responsibilities of Heidel House Resort & Spa in Green Lake, Wis. effective May 14, 2014. The property is owned by the Fiore Companies, Inc. based in Madison, Wis.

Heidel House Resort & Spa, Green Lake, Wis. (Photo: Business Wire)

The Heidel House is a 190-room full-service resort and spa nestled on 20 wooded acres on the shore of beautiful Green Lake near Ripon, Wis. First welcoming guests as an estate dining room in 1945, the family-run retreat expanded as its reputation for hospitality and fine dining grew. Today, Heidel House Resort offers numerous amenities including 18,000 square-feet of meeting and event space, an award-winning luxury spa and three restaurants including Grey Rock, which has been named one of Wisconsin’s Top 25 Restaurants and has received the Wine Spectator Award every year since 2002.

“Heidel House Resort is only six miles from Ripon, Wis., where The Marcus Corporation began 79 years ago with the opening of the Campus Cinema in 1935. We have been committed to the area for many years and welcome this opportunity to bring our tradition of hospitality excellence and high-quality service and amenities to this distinctive property,” said Thomas F. Kissinger, interim president, Marcus Hotels & Resorts and senior executive vice president, The Marcus Corporation.

“We are pleased to work with Marcus Hotels & Resorts in managing this full-service resort,” said Dave Kruger, president of the Fiore Companies. “Marcus Hotels & Resorts’ strong Wisconsin roots make the company an ideal partner in maintaining the position of Heidel House as a leading Midwestern year-round destination.”

The Heidel House, on the shores of Green Lake, is approximately a 75 minute drive from Madison and 90 minute drive from Milwaukee, and is located just a few miles west of Lake Winnebago. In addition to its restaurants, meeting space and spa, other features include two lounges, a stand-alone ice cream parlor, the elegant Dartford ballroom accommodating up to 380 guests, a Carriage Tent event space for outdoor weddings and social events, indoor and outdoor pools, fitness center, tranquil beach and lakefront, and nearby golf courses. The resort also has a 60-foot yacht, available for daily excursions on the lake, cocktail cruises, private dinners and receptions.

Known as a year-round destination, Heidel House Resort offers a boat rental and water sports area, hiking and biking trails and a variety of seasonal waterfront activities in summer. Winter activities include cross-country skiing, snowshoeing and ice skating.

In 2013, the resort was voted Best Wisconsin Lakeshore Resort by meeting planners in the Best of Wisconsin Meetings awards.

For photos and more information on the latest news and updates from Marcus Hotels & Resorts, please visit http://media.marcushotels.com.

About Heidel House Resort & Spa

Heidel House Resort has built on the lakeside getaway tradition since welcoming its first guests on a snowy New Year's Eve in 1945. Nestled on 20 wooded acres on the shores of Wisconsin's deepest inland lake, the full-service resort offers numerous amenities including 190 guest rooms, 18,000 square feet of indoor meeting space and a luxurious spa. Heidel House Resort has become a favorite Midwestern destination for friends, families, businesses and social groups to enjoy a tranquil environment, year-round recreation and first class service. For more information, please visit www.heidelhouse.com.

About Fiore Companies

From a single business in 1921, the Fiore Companies has grown into one of Wisconsin’s leading investment groups, with a mission to develop, own and operate high quality, investment-grade properties and distinctive businesses. Fiore owns and manages a diversified portfolio of real estate assets, operating businesses, venture capital investments and marketable securities. For more information, please visit www.fiorecompanies.com.

About Marcus Hotels & Resorts

Marcus Hotels & Resorts is a division of The Marcus Corporation (NYSE: MCS). With the addition of Heidel House Resort & Spa, the company 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.