The U.S. economy as a whole has changed drastically since the beginning of March, when LODGING started putting together its annual Guide to Management Companies. COVID-19 has majorly disrupted the hotel industry, leading to closed properties and millions of unemployed hospitality workers. When the industry rebounds, hoteliers will be looking to adjust to a new normal, and partnering with the right management company could help some hoteliers find the quickest path to recovery.
A note from the editor: Most of the materials for this guide were collected prior to the U.S. COVID-19 crisis.
The following list is in alphabetical order.
OTO Development
OTO Development is a hotel development and hospitality management company. Founded in 2004, OTO owns and operates a portfolio of select-service hotels in markets across the country. OTO’s growth is focused on new urban development projects in San Francisco, Los Angeles, San Diego, Manhattan, and Washington, D.C. OTO is also focused on adding new management contracts with clients ranging from publicly traded REITs to private equity firms and high net worth individuals. OTO’s industry leadership position is anchored by a strong portfolio of hotels that are staffed by talented people.
| Rooms Managed | 7,975 |
|---|---|
| Properties Managed | 55 |
| Third-Party Rooms | 4,185 |
| Third-Party Properties | 32 |
| Revenue | $430,216,746 |
| Contact | Tom Wood — twood@otodevelopment.com |
