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.
Remington is a dynamic and growing hotel management company providing top quality service and expertise in property management. Founded in 1968, Remington has grown into a strong, industry-leading service provider and today manages 77 hotels in 24 states across 17 brands, including 12 independent and boutique properties. Remington believes that people are the ultimate source of its competitive advantage and is proud of its reputation for consistently delivering outstanding results to its owners and investors, as well as to its brands, guests, and associates. As a result of its success, Remington has become the place where passionate people thrive.
WASHINGTON, DC—The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through Dec. 14. CoStar is a leading provider of online...
WICHITA, Kansas—WaterWalk announces the successful sale of its WaterWalk Phoenix North Happy Valley location to Ignite Hotels LLC. This transaction marks a significant milestone as...
NEWTON, Massachusetts—Sonesta International Hotels Corporation (Sonesta) today announced the opening of Sonesta ES Suites Goodyear, a 78-room extended-stay hotel, conveniently located just off I-10...
