Industry Update
Press Release25 May 2016

Construction Underway and on Schedule for the New Marriott Capitol District Hotel in Omaha, Neb.

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The Marcus Corporation

Marcus® Hotels & Resorts, a nationally recognized hotel owner and management company and division of The Marcus Corporation (NYSE: MCS) and Shamrock Development, Inc. a leading Nebraska-based development company, today announced that construction is underway and on schedule for the completion of Omaha's Marriott Capitol District Hotel in late 2017. Views of the project site can be seen live here.

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Located at Capitol Avenue and 10th Street, the 333-room, 12-story full-service hotel will serve as an anchor for the Capitol District, an upscale urban destination dining and entertainment community located in the center of downtown Omaha.

In addition to the hotel, the $205 million Capitol District will include 218 luxury residential apartments, Class A office space, a 525-stall parking garage, and 90,000 square feet of retail space for restaurants, shops and entertainment, all located around an active, state-of-the-art plaza area that is a contemporary, modern day town square. The plaza will be a primary space for citywide events and concerts, and will serve as a connection point to residential, retail and other uses in the Capitol District.

The new Capitol District is located in the heart of downtown Omaha across the street from the CenturyLink Arena & Convention Center and TD Ameritrade Park, home of the NCAA College World Series and other major NCAA and regional events.

As part of the development, the new Marriott hotel will have 16,500 square feet of flexible meeting space with an additional 16,500 square feet of pre-function space. The 11,000 square-foot ballroom will be one of the largest among the downtown Omaha hotels. Marriott Rewards Members with Gold and Platinum Elite standing, will also receive access to the exclusive Marriott Club Level and Lounge. Other features and amenities include hospitality suites, a roof top swimming pool with bar/entertainment area, a full-service restaurant, two bars, coffee shop in the lobby, extra-large fitness center overlooking the pool, a parking garage and personalized concierge service.

According to Mike Moylan, president and CEO of Shamrock Development, "The Capitol District development will bring a new energy and synergy to the city's downtown and we are thrilled to bring Marriott and Marcus Hotels' tradition of extraordinary service and personalized hospitality to residents and visitors alike."

Omaha was rated "One of the 10 Best Cities for Millennials Right Now" by the Atlantic Wire and is committed to bringing the next generation of talent into the city. "This is a great time for this type of new development and will further enhance Omaha's appeal as a great city to work, live and play," added Moylan.

"We are very pleased with the progress of the hotel construction and we are excited to be a part of this new and important development in Omaha," said Joseph Khairallah, chief operating officer of Marcus Hotels & Resorts. "The Marriott Capitol District Hotel will be ideal for meetings, conventions, special events, weddings, galas and other corporate gatherings. The ballroom on the second floor will overlook the plaza area and will be connected with direct access to the town square area, providing a unique experience for events and gatherings," said Khairallah

Marcus Hotels & Resorts is a minority investor in the project and will manage the 12-story high-rise hotel.

For more information the Capitol District Development, visit http://www.capitoldistrictomaha.com. To book an event or reserve meeting space at Marriott Capitol District Hotel for 2017 and beyond, visit http://www.downtownomahamarriott.com or contact [email protected].

Marcus Hotels & Resorts
Marcus Hotels & Resorts, a division of The Marcus Corporation

(NYSE: MCS), 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.

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.
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