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.
Highgate is a leading real estate investment and hospitality management company. With over 30 years in operation, Highgate is a player in major U.S. gateway markets including New York, Boston, Miami, San Francisco, and Honolulu, with a growing Caribbean and Latin American footprint. Highgate has a diverse portfolio representing legacy brands and lifestyle and independent hotels, and it attributes its success to technological innovations, fresh insight into hotel trends, and a creative approach to management. New York, Dallas, London, Miami, Waikiki, and Seattle are where Highgate maintains its corporate offices.