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Downtown hotels fill up ahead of NBA Finals games in Milwaukee

Downtown hotels fill up ahead of NBA Finals games in Milwaukee
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As the NBA Finals heads to Milwaukee this weekend, many downtown hotels are booked solid.
BizTimes Milwaukee contacted several hotels that reported 100% occupancy ahead of Game 3 and Game 4, which will take place Sunday and Wednesday at Fiserv Forum. The Milwaukee Bucks
As of Friday morning, VISIT Milwaukee wasn’t able to estimate the total number of visitors The Finals will bring to the city, but the Bucks confirmed that 200 members of the international and national media are making the trip.
Much of the visiting media, among other playoff-related guests, are staying at the 307-room Pfister Hotel and 219-room Saint Kate – The Arts Hotel, said Tim Smith, general manager at The Pfister. Both Marcus Corp. properties are fully booked this weekend. The 729-room Hilton Milwaukee City Center, which is Marcus’ third downtown hotel, is also full. ....

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Marcus Corp. lost $125 million in 2020

Marcus Corp. lost $125 million in 2020
Expects to capitalize on pent-up demand as pandemic subsides
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Last updated on March 9th, 2021 at 11:23 am
Milwaukee-based
Marcus Corp. lost $124.8 million during fiscal 2020, which its CEO called the most challenging year in company history due to the COVID-19 pandemic.
The hotel, movie theater and restaurant chain operator on Thursday reported total revenues of $237.7 million for fiscal 2020, down about 71% from fiscal 2019, when the company recorded earnings of $820.9 million.
Marcus recorded a net loss of $4.13 per share for the year, compared to earnings of $42 million, or $1.35 per share in 2019.
For the fourth quarter of fiscal 2020, total revenue dropped 82% year-over-year, from $206.9 million in the 2019 fiscal fourth quarter to $36.7 million in the 2020 fourth quarter. ....

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