Milwaukee , Wis. , June 3, 2005 -- Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE:MCS), today announced that its first Chicago property, the Four Points by Sheraton Chicago Downtown/Magnificent Mile (630 N. Rush St.) is now open. Located in Chicago’s premier shopping and tourist district, the hotel brings affordable, well-appointed guestrooms and suites; high-tech meeting rooms; an indoor swimming pool and fitness room and friendly, sophisticated service to Chicago business travelers, visitors and residents alike. The property’s four tenets – accessibility, comfort, affordability and desirability – guide the underlying goal of exceeding guests’ expectations.
“We are thrilled to open Four Points by Sheraton Chicago Downtown/Magnificent Mile in the heart of one of the country’s top travel markets,” said Marcus Hotels and Resorts President and Chief Operating Officer Bill Otto. “This hotel promises to set a new standard for service, comfort and value in the focused service market. We are confident that the unique touches and service offerings we are delivering will create an instant connection with business travelers, leisure guests and families alike. Our goal is to go above and beyond the norm of other hotels in this category, and surprise and delight our guests beyond their expectations.”
A contemporary, understated elegance is found throughout the 226-room (including 130 suites) hotel from the striking artwork of renowned artist Dale Chihuly in the lobby, to the warm, rich color palette of deep reds, ivory and gold in the public areas and guestrooms. In-room amenities include signature Four Points by Sheraton Four Comfort beds; refrigerators and microwaves; coffee makers, irons and ironing boards; hairdryers; Cable TV and Movies on Demand. Many of the guestrooms and suites offer whirlpools, wet bars and balconies.
Outside the guestroom, patrons can enjoy the hotel’s modern fitness center, open daily at 5 a.m., equipped with elliptical machines, a cardio theatre, lifecycles and more, as well as the pristine sunroom-enclosed swimming pool with adjoining whirlpool and plant-filled outdoor patio. Expansive windows grace the hotel’s 4th floor lounge, where guests may enjoy a continental or hot breakfast daily including tableside service from the hotel’s “breakfast concierge” offering warm scones, fresh juice and coffee. Additional services, designed with the guest’s convenience in mind, include complimentary high-speed Internet access, both wired and wireless; laundry/valet service; wakeup service; business center; sundry shop; safe deposit boxes; complimentary USA Today newspapers; an ATM machine and a Concierge kiosk.
Marcus Hotels & Resorts also announced that the popular Chicago restaurant group behind Rise Sushi, Shine Morida and Jia’s will operate a first and second floor restaurant and bar in the Four Points by Sheraton Chicago Downtown/Magnificent Mile. Guests may access the restaurant from the hotel lobby, as well as a street entrance off of Ontario Street. Rise plans to open in early 2006, along with two additional restaurants and lounges (still available for lease). The hotel currently offers valet parking and will have an on-site parking facility available for self-parking in late 2005.
Four Points by Sheraton Downtown Chicago/Magnificent Mile is owned and operated by Marcus Hotels & Resorts. For additional information on the property, including rates and availability, please visit the Web site at www.fourpointschicago.com or call (312) 981-6600.
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 will 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 could cause results to differ materially from those expected, including, but not limited to, the following: (i) the availability, in terms of both quantity and audience appeal, of motion pictures for our theatre division; (ii) the effects of increasing depreciation expenses and preopening and start-up costs due to the capital intensive nature of our businesses; (iii) the effects of adverse economic conditions in our markets, particularly with respect to our hotels and resorts division; (iv) the effects of adverse weather conditions, particularly during the winter in the Midwest and in our other markets; (v) the effects on our occupancy and room rates from the relative industry supply of available rooms at comparable lodging facilities in our markets; (vi) the effects of competitive conditions in the markets served by us; (vii) our ability to identify properties to acquire, develop and/or manage and continuing availability of funds for such development; and (viii) the adverse impact on business and consumer spending on travel, leisure and entertainment resulting from terrorist attacks in the United States, the United States' responses thereto and subsequent hostilities. 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.
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