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.
HRI Lodging, LLC offers the perspective of hotel and mixed-use property ownership, as well as a management company for third-party owners. From premium hotel brands to independent boutiques and revitalized historic buildings, HRI has a diverse portfolio. HRI leverages the resources of its parent company—HRI Properties—for in-house development, architecture, construction management, and FF&E procurement. HRI is currently working on elevated urban experiences for guests and managing a portfolio of hotels in key markets across the United States, and they are an approved operator of major full-service brands in the country.
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