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.
HVMG is an employer, operator, and trusted partner for a diverse portfolio of properties. With a commitment to results that leads to execution with integrity, HVMG offers a fully integrated platform of hotel solutions. Its operations are reliant on a hands-on approach that promotes flexibility, innovation, and responsiveness. HVMG acts as a third-party manager, joint-venture partner, and advisor, and the company solves complex challenges with strategies that focus on maximizing value. HVMG’s performance management systems ensure that all strategies, actions, and metrics are aligned to deliver improved results and returns on investments.
HENDERSONVILLE, Tennessee—U.S. hotel occupancy reached its highest level since mid-August, while room rates dipped from the previous week, according to STR's latest data through...
As the year draws to a close, the technology companies that provide solutions for the hotel industry are releasing new innovations to address pressing...
Sonesta International Hotels Corporation announced Len Wolin senior vice president of hotel operations. In this role, Wolin is overseeing Sonesta’s managed portfolio, which accounts...
