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.
Five Senses Hospitality Management, LLC is an owner-operator management company founded on the principle that every property and owner deserves to be treated as the top priority. International growth and a strategic geographic preference are two important components of the Five Senses Hospitality portfolio, which lends to resource optimization and investment in owners’ results. Five Senses Hospitality approaches each of its opportunities differently to support owners’ needs and values. And the Five Senses Hospitality team is well-versed in making a direct impact on hospitality assets.
NEWTON, Massachusetts—Sonesta International Hotels Corporation (Sonesta) announced the opening of Sonesta Simply Suites Houston Brookhollow. This 85-room hotel located at 12820 Northwest Fwy in...
Ambitious climate and decarbonization efforts have heightened the demand for electrified and energy-efficient buildings. Regulatory frameworks are evolving from simple incentives to stringent compliance...
A 150-unit, five-floor, all-suites property in Parsippany, New Jersey, has been converted by NewcrestImage and is operating under the Homewood Suites by Hilton brand....
