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.
Crowne Plaza Lake Placid, an IHG Hotel | Lake Placid, New York
Essex Hotel Management is an independent hotel management company working in select-service and small full-service branded properties and has been partnering with hotel and other real estate owners for more than 30 years. The company’s approach, engagement, and communication with its hotel teams, brands, owners, and partners translate into results. Essex provides owners with senior management contacts. The company also offers development, construction, and procurement services to help with hotel openings and renovation projects.
KEY STATS
Total Rooms Managed
1,540
Total Properties Managed
13
Third-Party Rooms Managed
1,540 (including hotels with 1 percent-5 percent ownership interest)
Third-Party Properties Managed
13 (including hotels with 1 percent-5 percent ownership interest)
