Bill Reynolds Joins The Marcus Corporation as Senior Managing Director of MHR Capital (United States)
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Bill Reynolds Joins The Marcus Corporation as Senior Managing Director of MHR Capital (United States)
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Category: North America & West Indies / Carribean islands - United States - Careers -
Appointments
This is a press release selected by our editorial committee and published online for free on 2011-08-19
MHR Capital to focus on new hotel investments
The Marcus Corporation MCS -5.54% today announced that Bill Reynolds has joined the company as senior managing director of MHR Capital. MHR Capital is a newly formed hotel investment business formed by The Marcus Corporation to act as an investment fund sponsor, joint venture partner or sole investor for hotel and resort properties.
Reynolds' career spans more than 25 years in commercial real estate investment, with a specialization in the hotel industry. In his new position, Reynolds will evaluate investment strategies and opportunities to maximize capital growth and management assignments for the company. Prior to joining MHR Capital, Reynolds served as managing director and chief investment officer of Thayer Lodging Group, which invests on a value-add basis in upscale, full-service hotels. Prior to his work at Thayer, Reynolds advised Hospitality Capital Partners/USAA Real Estate Company, served as chief investment officer of MeriStar Hospitality Corporation REIT, served as senior vice president for Interstate Hotels and CapStar Hotel Company, and was a principal in Metro Hotels, which was purchased by CapStar in 1997.
"We are excited to have Bill lead our hotel investment company, MHR Capital. Bill's comprehensive experience in hotel asset management services, development, project finance and hotel acquisitions and dispositions, as well as his extensive network, will be an asset to us as we work to expand our presence in the lodging industry," said Gregory S. Marcus, president and chief executive officer of The Marcus Corporation.
Reynolds is a member of the ULI Hotel Development Council, the New York Hospitality Council, the Lodging Industry Investment Council and the steering committee for Americas Lodging Investment Summit (ALIS). He has also served on the steering committees for the Hunter Investment Conference and Meet the Money, and is a past trustee of the American Resort Development Association.
"MHR Capital represents an opportunity to utilize Marcus' breadth and depth of operating expertise in a variety of hospitality investments, both branded and independent. I am delighted to be part of this versatile and proven company," stated Reynolds.
About The Marcus Corporation
Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant real estate assets. The Marcus Corporation's movie theatre division, Marcus Theatres(R), currently owns or manages 684 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company's lodging division, Marcus Hotels & Resorts, owns or manages 18 hotels, resorts and other properties in nine states.
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