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.
The Nines, a Luxury Collection Hotel, Portland, Oregon
Sage Hospitality Group is a collective of entrepreneurs, driven creatives, and visionaries who lead the industry in experiential hospitality. Its four companies—Sage Hotel Management, Sage Restaurant Concepts, Sage Studio, and Sage Investments—work together to deliver on the promise of “artful” hospitality. Setting the new standard in partnerships and guest experiences, Sage Hospitality Group is creating places that people want to go to, not through.
Rooms Managed
11,265
Properties Managed
50
Third-Party Rooms
6,924
Third-Party Properties
30
Revenue
Not disclosed.
Contact
Ken Widmaier, ken.widmaier@sagehospitalitygroup.com
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...
