Industry Update
Press Release24 March 2020

Marcus Hotels & Resorts Announces Updates to Current Operations

The Company Will Temporarily Close the Hilton Milwaukee City Center, Saint Kate – The Arts Hotel, Grand Geneva Resort & Spa, The Skirvin Hilton Hotel and The Lincoln Marriott Cornhusker Hotel

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The Marcus Corporation

Marcus Hotels & Resorts®, a division of The Marcus Corporation (NYSE:MCS), is temporarily closing a select number of properties across its portfolio. This decision includes the Hilton Milwaukee City Center; Saint Kate - The Arts Hotel in Milwaukee; Grand Geneva Resort & Spa in Wisconsin; The Skirvin Hilton Hotel in Oklahoma; and The Lincoln Marriott Cornhusker Hotel in Nebraska. The Saint Kate - The Arts Hotel will close tomorrow and the remainder of the hotels will be closed over the course of this week.

"The safety and well-being of our guests and associates is our number one priority. The lodging industry is facing unprecedented challenges due to the nationwide COVID-19 pandemic. In light of these challenges and our current business levels, we have made the difficult decision to close a select number of properties across our portfolio," said Michael R. Evans, President of Marcus Hotels & Resorts. "During these difficult times, our leadership team is meeting daily to monitor the situation, and we will continue to explore every option to help our associates, our guests and our properties. Our sincere hope is that these closures will not be for an extended period of time and that our dedicated teams will all be back together again very soon and welcoming guests to our hotels."

During these temporary closures, most of our associates at the affected hotels will be temporarily laid-off and the company will provide temporary compensation to affected associates based on their length of service, as well as the continuation during the period of the temporary lay-off of health insurance coverage for those associates currently enrolled.

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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