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.
Dual-brand Holiday Inn Express/Staybridge Suites Houston Galleria
American Liberty Hospitality (ALH) was founded in 1973 and provides hotel owners and asset managers with development and management services. With a focus on people, ALH values passion and giving back to its communities and employees. ALH’s brand relationships include Hilton, IHG, Best Western, and Wyndham. ALH works in the full-service and select-service, golf resorts and conference centers, and dual-branded asset classes primarily throughout the Southwestern United States.
DALLAS, Texas—Purchasing Management International (PMI) announced the acquisition of certain interests of Pineapple Procurement. This strategic acquisition reinforces PMI’s continued growth.
"Building Pineapple Procurement...
DENVER, Colorado; TAMPA, Florida; ATLANTA, Georgia—HREC Investment Advisors announced that it has arranged the sale of the 93-guestroom Courtyard Tampa Brandon, and the 107-guestroom...
Seattle, Washington—InnVentures announced the completion of a total renovation of Courtyard by Marriott Spokane Downtown Convention Center, including the exterior, interior, and guestrooms.
The renovations...
