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.
Named one of Forbes’ “Most Trustworthy Companies,” Marcus Hotels & Resorts leverages 60 years of experience creating hotel asset value through operations, sales and revenue strategy, talent sourcing and retention, renovations, repositioning, and food and beverage concepts. The company’s diverse portfolio ranges from branded and independent full-service and select urban hotels to expansive resorts throughout the United States. Marcus operates hotels with an ownership lens for its partners and clients. Growth focus is on acquisition opportunities with investment partners and management contracts. With both platform breadth and focused attention, Marcus delivers top-line revenue, exceptional experiences, and bottom-line returns.
ATLANTA, Georgia—Grand Hyatt Atlanta in Buckhead announced the completion of its multi-phased renovation. In collaboration with DLR Group and designONE studio, this renovation incorporates...
LINCOLNSHIRE, Illinois—LG Electronics USA has introduced a commercial-grade autonomous vacuum cleaning device, developed in collaboration with the Marriott Design Lab. The LG Robotic Vacuum...
ATLANTA, Georgia—Hunter Hotel Advisors (HUNTER) announced the closing of $31.47 million in financing for three hotel properties. Senior Vice President of Capital Markets Adeel...
