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.
Greenwood Hospitality is based in Denver, Colo., with offices in Connecticut, Pennsylvania, and Florida. Specializing in the acquisition, repositioning, and management of upscale and full-service hotels throughout the United States, Greenwood is a preferred management partner for various hotel brands including Hilton, Hyatt, IHG, and Marriott. Additionally, Greenwood’s portfolio encompasses several high-profile independent properties. Greenwood’s vision is to set new standards regarding property and asset management. Greenwood also maintains a keen focus on its relationships forged with its investors, its property level ambassadors, and its communities.
NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of Signature Inn Berkeley, a 29-room, upper-economy property located in Berkeley, California. The hotel is near...
ATLANTA—Peachtree Group deployed $1.6 billion in credit transactions in 2024, marking a 54 percent increase from 2023. This growth shows Peachtree’s reach in private...
