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.
The Hotel Group (THG) is a nationally recognized hotel management and investment company. Since its inception in 1984, THG has managed and owned properties in 25 states representing a variety of brands, directed and designed the construction of new hotels, and completed the acquisitions of nearly $200 million in private investments through the Hotel Group Opportunity Funds. THG streamlines processes for property teams to serve guests efficiently and effectively while creating value for partners and meeting its mission. THG encourages and positive culture and mission to allow property team members to be the best version of themselves to better serve guests.