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.
Founded in 2006, Midas Hospitality specializes in the development, management, and investment of hotel properties across the United States. Currently managing 43 hotels and searching for opportunities to expand its portfolio, Midas Hospitality focuses on select-service and extended-stay experiences for global brands including Hilton, IHG, and Marriott. Midas operates under the value that creating the best experience for their team members trickles down to the best experience for their guests and partners. Midas is focused on building a company that drives results for its financial partners.
Rooms Managed
4,661
Properties Managed
43
Third-Party Rooms
1,649
Third-Party Properties
15
Revenue
$68,000,000
Contact
Linda Eigelberger, LEigelberger@MidasHospitality.com
BETHESDA, Maryland—DiamondRock Hospitality Company announced that on Feb. 19, 2025, it completed the sale of the 410-room Westin Washington, D.C. City Center for a...
WASHINGTON—Hotels’ efforts including higher pay and a broadening range of benefits have improved staffing levels over the past year, but nearly two-thirds (65 percent)...
DALLAS, Texas—CBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved...
