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25 Hotel Management Companies to Know in 2020

Carneros Resort and Spa in Napa, California
The U.S. economy as a whole has changed drastically since the beginning of March, when LODGING started putting together its annual Guide to Management Companies. COVID-19 has majorly disrupted the hotel industry, leading to closed properties and millions of unemployed hospitality workers. When the industry rebounds, hoteliers will be looking to adjust to a new normal, and partnering with...

Waterford Hotel Group Merges With Real Estate Investor and Operator Waterton

Waterford and Waterton
Waterford, Conn.—Waterford Hotel Group, a hospitality management company, and Waterton, a Chicago-based real estate investor and operator, have joined forces to form a new venture to strengthen and grow their hospitality portfolios. With Waterford driving operational success for hotel assets, Waterton will concentrate efforts on continued real estate investment strategies, including growing the hotel portfolio. “This merger between our organizations...

On the Move: This Week’s Comings and Goings

This week's comings and goings
Michael Heaton has succeeded Robert Winchester as president of Waterford Hotel Group. Following Winchester’s retirement, Heaton will use his 20 years of Waterford executive experience to bring success to the company. Heaton has held several positions at Waterford, including corporate regional hotel director and vice president of operations. Here’s a look at other notable comings and goings that recently took...

Choosing the Right Management Company

For the first-time owner choosing a management company, it makes sense that one of the first requirements at the top of the list would be experience. Rather than a novice owner signing on with an equally green behind the ears operator, it’s smarter to partner with a manager who has an interesting and varied CV to show for his...

Rising Residence Inn

New developments, especially those of the large-scale variety, are hard to come by these days. But in Chicopee, Mass., near Springfield, BK Investments and Waterford Hotel Group are teaming up to build a new Residence Inn by Marriott to be part of an 11-acre mixed-use development. According to Hershal Patel, president of BK Investments, the hotel, which recently broke...