Management
Strategies, trends and news about third-party management companies and owner/operators. A look at the costs, approaches and contracts for hotel and resort managers in the lodging industry.
Is It Time to Change Hotel Management?
Change can be daunting. But for hotel owners and operators who suspect they’re not getting the most out of their property or properties, change can also be essential. Changing hotel management companies can have a potentially dramatic impact on your day-to-day operations, your long-term prospects and your bottom line. The big question, of course, is whether or not to make a change in the first place. ...
Final Words on ALIS: Rebound With a Question Mark
The 11th Americas Lodging Investors Summit, held last week in Los Angeles, featured a shiny new venue, controversial security procedures and some format changes. But what was most different from last year’s event held in San Diego was the intensity of industry optimism. Last year, the mood was irrational: many industry people were expecting an even more robust 2011 than ultimately developed. This year, the smart money was on bullishness with a healthy dose of concern, mostly about risks beyond control of the industry and individual owners and operators....
ALIS Returns to LA with Big Names, Numbers
The return of the Americas Lodging Investment Summit to Los Angeles and the new J.W. Marriott at LA Live brought out big numbers and even bigger names. The third largest crowd ever — approximately 2,400 — sat comfortably in the 7,000-seat Nokia Theatre for the opening of the event titled “Rebound!” Industry leaders, the chief economist for Wells Fargo Securities and legends Sam Zell and Bill Marriott took to the stage that has also hosted the Emmy Awards, the ESPYs and American Idol....
Capital Markets Key to Hotel Real Estate Rebound
Unlike the operating side of the hotel industry, the real estate recovery hasn’t been as clearly defined. Transaction volumes rose again in 2011, values have grown faster than anyone expected and overall industry sentiment appears positive starting the new year, yet the forecast for 2012 remains partly cloudy. ...
Lodging's Winding Road to Recovery
Vantage Hospitality President & CEO Roger Bloss was watching sports on TV last month when he discovered what might be the perfect metaphor for the hotel industry outlook in 2012. “Instead of football, I was watching a road rally and noticed that sport is a lot like what’s facing the economy and our business...
Marriott Retirement Heads List of Top Hotel Stories
Despite the relatively light volume of news this year, 2011 has produced a number of major stories. Yesterday we looked at the 10th through the sixth biggest stories of the year, and today we feature the five biggest....
Schulze’s Company Gets New Name, Capital Partner
Since debuting in 2002, Horst Schulze’s West Paces Hotel Group and its “super luxury” brand called Capella has been well received, but slow to grow. Wednesday, the former president and chief operating officer of Ritz-Carlton announced a new name, capital partner and aggressive plans to add five properties in the next year and double the size of the company within two years....
Select-Service Lodging Becomes an Attractive Investment
Mitchell Hochberg is very bullish on select-service lodging. The principal of Madden Real Estate Ventures sees a niche in the segment other institutional buyers may have missed. His New York City-based firm is both building new select-service hotels and buying and investing in existing properties....
Top Owners & Operators
Here is a list of ownership and development companies and third-party management companies who focus on the lodging industry....
Occupancy During Holidays May Stall, But Rate Won’t
AAA forecasts 42.5 million Americans will travel 50 or more miles during Thanksgiving weekend, a 4% increase from a year ago, and the first significant holiday travel increase of the year. But will those travelers be staying in hotels or with grandma? ...
Hotel Foreclosures an Oncoming ‘Train Wreck’
Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is like comparing “a car wreck and a train wreck.” ...
Boutique Bash: 2011 LBHDC Recap
Richard Millard, who’d probably look like he was having fun at a funeral, wants you. The quirky and always engaging CEO and chairman of Trust Hospitality—Tecton and Desires until recently—ended the opening general session at last month’s Lifestyle/Boutique Hotel Development Conference with an impassioned plea about the allure of the lifestyle and boutique segments of the hotel industry:...
Farm Fresh: Fairfield Has Designs to Grow
Bill Marriott fondly remembers the Thanksgiving dinners at his father’s Fairfield Farm in the Virginia foothills of the Blue Ridge Mountains. Reminiscing about the huge turkey in the tiny oven still draws a laugh from the chairman and CEO of Marriott International. That family farm — “my dad’s favorite place in the world,” says Mr. Marriott — became the name for the company’s first value-focused offering in 1987: Fairfield Inn....
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