In the two years since the start of the global COVID-19 pandemic, the U.S. hotel industry has made significant progress toward recovery. U.S. hotels recaptured 83 percent of pre-pandemic RevPAR levels in 2021, and are expected to surpass the pre-pandemic comparable in 2023 on a nominal basis, according to STR and Tourism Economics’ latest forecast released earlier this year. Occupancy will likely exceed 2019 levels next year as well. Amid this resurgence in demand and revenues, hoteliers are looking to strategically position their assets and align themselves with the right partners to make the most of the opportunities ahead. This year, LODGING takes a look at more than 50 management companies that are working to help hotels recover and thrive in 2022 and beyond.
Editor’s note: The following list is in alphabetical order. All numbers are for the 2021 calendar year, U.S. only.
Essex Hotel Management is an independent hotel management company specializing in select-service and small full-service branded properties and has been partnering with hotel and other real estate owners for over 30 years. Its solutions-driven approach and personal engagement and communication with hotel teams, brands, owners, and partners translate into results. Essex also offers development, construction, and procurement services to its properties and renovation projects.
Total Rooms Managed
1,384
Total Properties Managed
13
Third-Party Rooms Managed
786 with no ownership interest; 598 with silver ownership interest (1-10 percent)
Third-Party Properties Managed
7 with no ownership interest; 6 with silver ownership interests (1-10 percent)
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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