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.
Colorado-based CoralTree Hospitality Group has a portfolio of lifestyle hotels and resorts in well-positioned locations that offer a variety of facilities and services. CoralTree is committed to optimizing the value of its hotels through seamless operations and memorable guest experiences. CoralTree’s goal is to bring value to owners through property performance and culture. Currently providing hospitality and asset management services to 15 hotels and resorts, the CoralTree collection includes independent, branded, and soft-branded hotels and resorts, as well as an emphasis on resort communities and independent urban properties.
GLOUCESTER, Virginia—BluWater Group, an Orlando, Florida-based private equity firm, announced today the expansion of its portfolio with the acquisition of the Inn at Warner...
CAPE CORAL, Florida—The Westin Cape Coral Resort at Marina Village announces the promotion of Sandra Keneven to senior sales executive. In this new role, Keneven will...
CHICAGO, Illinois—Hyatt Hotels Corporation today disclosed it has executed an exclusivity agreement with Playa Hotels & Resorts N.V. (“Playa”) (NASDAQ: PLYA) under which Playa...