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.
MATTHEWS, North Carolina—Apartment-style hotel brand stayAPT Suites has added franchise partnerships in the following markets:
Atlanta-Lithia Springs, Georgia
St. Louis-Bridgeton, Missouri