Source: Marcus Hotels

Marcus® Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), and MCS Capital LLC, today announced that Marcus Hotels & Resorts has been selected to manage the new Capitol District Marriott hotel currently under development in Omaha, Neb. The 14-story high-rise hotel is being developed by Shamrock Development, Inc. as the anchor for the Capitol District upscale urban destination dining and entertainment district, located in a prime redevelopment area in the city's downtown. Marcus Hotels & Resorts will be a minority investor in the project and has provided pre-development and design programming for the project, and will provide technical consulting and pre-opening services during the construction phase. MCS Capital is The Marcus Corporation's hotel investment subsidiary.

Located at Capitol Avenue and 10th Street, the 333-room full-service hotel will also have 20,000 square feet of flexible meeting space, including an 11,000 square-foot ballroom. The new ballroom will be the largest among the downtown Omaha hotels. Other features include a full-service restaurant, two bars, Starbucks® store in the lobby, extra-large fitness center, a rooftop outdoor swimming pool and a parking garage. Construction is underway, with completion anticipated in spring of 2017.

"The Capitol District is going to be an exciting addition to downtown Omaha and we are very pleased to be selected to manage the project's anchor property. A number of factors came together to make the Capitol District Marriott an excellent opportunity for Marcus Hotels. We are also the majority owner and manager of The Cornhusker, a Marriott Hotel, in Lincoln, giving us a solid presence in Nebraska's two largest cities," said Joseph Khairallah, chief operating officer of Marcus Hotels & Resorts. "We look forward to bringing our more than 50 years of hotel expertise to the new Capitol District Marriott and to making it the premier hotel in downtown Omaha."

Khairallah noted that the company is already familiar with Omaha. "The Marcus Corporation's movie theatre division, Marcus Theatres®, entered the Omaha market in 2008 with the acquisition of Douglas Theatres and currently operates three Omaha movie theatres. We are investing in Omaha because it's a great market that builds on our Midwestern roots. We are excited about expanding our presence in Omaha and being part of this very special project that will create an even more vibrant downtown."

Michael T. Moylan, president of Shamrock Development, said, "We selected Marcus Hotels because of their extensive management expertise, but also because of the company's knowledge of the Nebraska market and strong relationship with Marriott. We look forward to developing a hotel that is the first choice for convention attendees, meeting planners and leisure travelers, as well as for the local residents who will enjoy experiencing the hotel's food and beverage outlets as part of the entire Capitol District."

In addition to the new hotel, plans for the $205 million Capitol District include 225 residential apartments, 140,000 square feet of Class A office space, and 90,000 square feet of high-end retail space for restaurants, shops and entertainment, all located around a master planned plaza. The project is located across the street from the CenturyLink Arena & Convention Center and TD Ameritrade Park, home of the NCAA College World Series. The Capitol District Marriott is part of the first phase of the project, however Shamrock expects the entire Capitol District to come on line at the same time in the spring of 2017.

For more information on the Capitol District, please visit: http://www.capitoldistrictomaha.com.

About Shamrock Development

Shamrock is a local real estate development company, founded by Omaha native Michael T. Moylan, CCIM. Shamrock specializes in creating downtown mixed-use developments. Recent projects include the historic renovation of The Barker Building at 15th & Farnam, the 1501 Jackson Apartments, restoration of The Paxton at 14th & Farnam Street, the 1000 Dodge Building at 10th and Dodge, and the 1009 Capitol Building. To learn more, please visit Shamrock Development at www.shamrockdevelopment.com.

About Marcus Hotels & Resorts

With the addition of Kimpton Hotel Monaco Pittsburgh, Marcus Hotels & Resorts owns and/or manages 19 hotels, resorts and other properties in the U.S. The company's distinctive portfolio includes city-center meeting hotels, upscale resorts, historic properties, and premium branded and independent first-class hotels. Marcus Hotels & Resorts is an approved operator for all major lodging brands. A leader in the hospitality industry since 1962, Marcus Hotels & Resorts creates asset value for hotel owners through its expertise in management, development and product repositioning. This includes premier food and beverage brands such as Mason Street Grill, ChopHouse, Miller Time® Pub & Grill and SafeHouse® Restaurants. For more information, please visit: http://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels).

About The Marcus Corporation

Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its lodging division, its theatre division, Marcus Theatres®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 1,064 screens at 85 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus and BistroPlex® brands. For more information, please visit the company's website at www.marcuscorp.com.