MILWAUKEE--(BUSINESS WIRE)--The Marcus Corporation (NYSE:MCS), has announced the promotion of Katie Falvey to vice president of real estate. In her newly expanded role, Falvey oversees all real estate functions for the company, including both operating divisions, Marcus Theatres® and Marcus® Hotels & Resorts, and the organization’s various corporate entities.
Effective July 1, Falvey is responsible for supporting organic growth initiatives, including market analysis, site selection and transaction negotiation. This includes the asset management of a 1.5 million-square-foot portfolio of income-producing, non-operational properties. She reports to Rolando Rodriguez, president and CEO of Marcus Theatres and executive vice president of The Marcus Corporation.
“As an 18-year veteran of the company, Katie has had a direct impact on the strength of the company’s real estate portfolio, and we’re fortunate to be able to further leverage her talents,” said Rodriguez. “We are confident her industry expertise and familiarity with our organization’s real estate strategies will continue to contribute to the overall success and growth of The Marcus Corporation.”
Falvey joined The Marcus Corporation in April 1997 as director of real estate marketing and property management, before assuming the role of director of real estate in 2005. Throughout her tenure, she has implemented national real estate, location and asset strategies across all of the company’s hospitality and entertainment divisions. Her most recent contributions include leading the initial pre-development of The Corners of Brookfield, a 750,000-square-foot, mixed-use, open-air shopping center, currently under construction by a joint venture in the Town of Brookfield, Wisconsin.
In addition to her role at The Marcus Corporation, Falvey is a board member for Milwaukee Downtown, Business Improvement District #21, and also serves on the organization’s Economic Development committee.
About The Marcus Corporation
Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporation’s theatre division, Marcus Theatres®, currently owns or manages 681 screens at 55 locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s lodging division, Marcus® Hotels & Resorts, owns and/or manages 20 hotels, resorts and other properties in 11 states. For more information, please visit the company’s website at www.marcuscorp.com.