Important information for hoteliers to know before choosing a management company
The U.S. hotel industry has made many strides since the beginning of the COVID-19 pandemic, and 2023 has been off to a strong start. At the beginning of the year, STR reported that revenues and profits reached highest-ever levels during 2022, and CBRE increased its hotel performance forecast to account for expected GDP growth during the coming year. But amid the positive travel industry news, the American Hotel & Lodging Association (AHLA) recently reported that 80 percent of hotels are experiencing staffing shortages and are looking for new ways to incentivize workers to join the industry’s ranks. To help meet the staffing challenge, capitalize on growth opportunities, and strategically position themselves against the competition, hoteliers often look to partner with management companies. This year, LODGING profiles over 50 management companies that can assist hoteliers in realizing their goals.
Editor’s note: The following list is in alphabetical order. All numbers are for the 2022 calendar year, United States only, unless otherwise stated.
EOS Hospitality is a full-service hospitality management company based in Manhattan that serves a broad portfolio of distinctive hotels across the United States. EOS takes an individualized approach to all of their hotels in order to uncover savings potential, reimagine spaces and operations, and accelerate returns while enhancing the guest experience with added amenities, unique touches, and complementary brand partnerships. EOS Hospitality was founded in 2017 by Jonathan Wang and primarily manages hotels and resorts for institutional-quality hotel investors, including leading hotel REITs and private equity firms, in addition to managing properties on behalf of its affiliates, EOS Investors.