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.
HHM manages a highly diverse portfolio of approximately 140 hotels across the United States generating $1 billion in managed revenues. HHM’s teams utilize proprietary data and processes, plus a relentless focus on driving results, to maintain its advantage and position in the marketplace. The company is focused equally on providing superior guest and team member services, thinking “outside the box” to provide solutions.
WASHINGTON, D.C.—American Hotel & Lodging Association (AHLA) President & CEO Rosanna Maietta issued the following statement following the appointment of KP Patel as chairman of...
CHICAGO, Illinois—Hyatt Hotels Corporation announced a key leadership transition within its executive team. After seven years with the company, Malaika Myers will retire as...
DENVER, Colorado; DETROIT, Michigan; ATLANTA, Georgia—HREC Investment Advisors announced it has arranged the sale of the 94-room Sonesta Simply Suites Detroit - Novi and the...
