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.
Independent hotel management has been part of Charlestowne Hotels’ business for more than 40 years. Charlestowne works in lifestyle, adaptive reuse, collegiate, branded, soft-branded, and condominium properties spanning markets including urban city centers, secondary cities, and resort destinations. The company, which currently manages a portfolio of 50+ hotels, also includes a food and beverage division with more than four dozen outlets, ranging from coffee shops and delis to rooftop bars and restaurants. Charlestowne works with owners and onsite teams to develop revenue optimization, operation systems, programming, and marketing for guest experiences.