Marcus® Hotels & Resorts Forms Joint Venture with Searchlight Capital Partners to Grow Portfolio of Co-Owned Hotels
JV acquires Kimpton Hotel Monaco Pittsburgh, with Marcus Hotels & Resorts serving as manager
Marcus® Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE:MCS), today announced that it has formed a joint venture with funds managed by Searchlight Capital Partners, a leading global private investment firm, to co-invest in lifestyle hotels, resorts and high-quality full-service properties. Through this joint venture, Marcus Hotels & Resorts and Searchlight Capital Partners announced the acquisition of the Kimpton Hotel Monaco Pittsburgh, which Marcus Hotels & Resorts will manage, effective December 16, 2021. The hotel will remain w
