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.
InterContinental Hotels Group reported its first-quarter trading results, highlighted by global RevPAR gains and significant system-wide growth. Specific highlights include the following:
● Q1 global...
Portland, Oregon-based Source announced its acquisition of 20-year-old Jupiter, Florida-based Berman Purchasing, Inc. The move creates a bicoastal women-led procurement firm with decades of...
AHLA Foundation hosted nearly 1,000 attendees from across the hotel industry at the Hyatt Regency McCormick Place for the annual ForWard conference this week....
