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.
Terrapin Hospitality is an approved operator for lodging brands and manages a portfolio of select-service, full-service, and independently branded hotels in the United States. The company doubled its size over the past year through acquisitions and new properties that have signed for management. Terrapin has 20 years of experience and offers solutions to increase NOI.
Total Rooms Managed
7,707
Total Properties Managed
73
Third-Party Rooms Managed
3,747
Third-Party Properties Managed
39
Total Gross Revenue
$9,270,521
Contact
Tony Sherman, tony.sherman@terrapinhospitality.com
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