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.
Dallas-based Prism Hotels & Resorts increases hotel performance by delivering measurable results. Prism was recently selected as Best Full-Service Operator in the Americas by Hyatt, and their Hyatt Regency LAX was named Franchise Hotel of the Year. In addition, Prism received back-to-back Connie Pride Merit Awards from Hilton. Prism cultivates industry talent to produce an experience that transcends from the front desk to the bottom line. Prism manages a portfolio of over 40 hotels for institutional and private owners in a variety of brand families and independent properties.
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...
