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.
TORONTO—Figure3 announced the appointment of Shannon Kim as vice president, hospitality. With over 26 years of experience working for Fortune 500 companies, resorts, and...
ARLINGTON, Virginia—Knowland continued its monthly monitoring of the top 25 markets to identify those that are leading the industry in meeting and event volume....
ALISO VIEJO, California—Pacifica Hotels announced the purchase of the Kimpton Hotel Vintage Seattle. The boutique hotel located in downtown Seattle will join the company's...
