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.
First Hospitality is a nationally recognized hotel management, acquisitions, development, and consulting company. In operation for more than three decades, First Hospitality operates properties across 19 brands in the United States, including multiple AAA Four Diamond properties. First Hospitality credits its success to a people-driven culture focused on fostering and developing skilled hospitality experts and its commitment to guest experiences that excite, inspire, and leave a lasting impression. In the First Hospitality portfolio are immersive dining concepts, historic adaptive reuse and repositioning projects, new builds, and more.
Strong loyalty programs help hotel brands lower customer acquisition costs, increase direct-to-consumer access, and offset occupancy shortfalls during shoulder periods and weaker economic conditions....
WASHINGTON, D.C.—AAA projects 79.9 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. For the first time,...
TALLAHASSEE—Aloft Tallahassee Downtown announced that it has recently completed a multi-million-dollar renovation, refreshing the hotel’s communal spaces and 162 guestrooms. Located on North Monroe...
