To say that things have changed for the hotel industry since the last time LODGINGpublished a spotlight on management companies is a gross understatement. In April of last year, occupancies plummeted to previously unseen lows and the industry has been slow to rebound. There’s hope on the horizon, though. CBRE Hotels Research recently reported that it is forecasting an average national occupancy level of 43 percent during the first half of 2021, which then accelerates to 55.1 percent in the second half of the year. Now, hoteliers are tasked with leaving behind the survival mindset that they’ve had to embrace over the past year in favor of a recovery mindset. Switching gears after spending so long focused on survival might take some time, and hoteliers may be looking for assistance in moving their properties past the pandemic—that’s when a hotelier may choose to partner with a third-party manager.
Editor’s note: The following list is in alphabetical order.
Based in Plano, Texas, Aimbridge Hospitality is a multinational hospitality company offering hotel management services for franchised, branded, full-service, select-service, resorts, convention centers, and lifestyle properties. Aimbridge’s portfolio—including its pipeline—represents 70 brands under management. Aligned with concentrated focus, agility, and personalized expertise for eight operating verticals, Aimbridge optimizes investment returns for owners. Aimbridge’s lifestyle division—Evolution Hospitality—is based in San Clemente, Calif.
CHARLESTON, South Carolina—Highline Hospitality Partners (HHP) announced the acquisition of the dual-branded Hyatt Place/Hyatt House Charleston Historic District. This acquisition marks HHP’s 13th and...
NEW YORK CITY—Waldorf Astoria New York shared details on the property’s signature restaurant, Lex Yard, helmed by Chef Partner Michael Anthony. Expected to debut...
ATLANTA, Georgia, and SAN ANTONIO, Texas—Peachtree Group celebrated the groundbreaking of a new 171-room studio-suite Residence Inn by Marriott in downtown San Antonio, Texas,...
