third-party management
Hotel Management Companies Drive Significantly Better Guest Experiences, J.D. Power Finds
J.D. Power | September 4, 2024
TROY, Mich.: 4 Sept. 2024 — The secret to a great branded hotel stay may be in an aspect that guests do not often realize: the third-party management company operating the hotel, which creates consistent, pleasurable and problem-free guest experiences. According to the J.D. Power 2024 North America Third-Party Hotel Management Guest Satisfaction Benchmark,SM released today, overall guest satisfaction with branded hotels run by the nation’s largest third-party management companies improves significantly this year, outperforming both chain-managed and independently operated hotels. “Third-party management companies operating branded ...
Hospitality America Promotes Justin Deyo to Corporate Director of Operations
Hospitality America | June 11, 2024
Deyo to mentor the next generation of hotel leaders Greenville, S.C., June 11, 2024 — Hospitality America has promoted Justin Deyo to Corporate Director of Operations under the leadership of Vice President of Operations Frank Cook. Deyo’s addition to the Hospitality America leadership team aims to put a focus on mentoring and developing hotel leaders, driving the organization’s performance standards, and providing strategic support for renovations and new hotel openings. With a hospitality career spanning 20 years, Deyo joined Hospitality America in 2013, demonstrating a penchant for developing talent through exemplary leadership a...
Hospitality Ventures Management Group (HVMG) Adds Three Hotels to Portfolio
Hospitality Ventures Management Group | May 29, 2024
Company Names Heidi Nielsen VP of Business Development ATLANTA, May 29, 2024—Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, today provided results for the company’s first quarter of 2024, including the addition of three, new third-party hotel management agreements and above-industry average results in revenue per available room (RevPAR) and RevPAR growth. Additionally, the company named Heidi Nielsen vice president of business development. “With the addition of these three hotels, HVMG remains on track to maintain 20% annualized growth,” said Robert Cole, president and chi...
LBA Hospitality Selected as Exclusive Management Company for BPR Properties
LBA Hospitality | April 9, 2024
A significant milestone built on a successful history in hotel management collaboration. DOTHAN, Ala., April 9, 2024-- LBA Hospitality, a leading hotel management firm, has been selected by BPR Properties to assume full management responsibilities for their complete portfolio of hotels. This collaboration signifies a significant milestone in the successful partnership between BPR Properties and LBA Hospitality, further strengthening the relationship between the two companies. BPR Properties, having previously developed and self-managed their hotels, has maintained a longstanding and collaborative relationship with LBA Hospitality over ...
Third-Party Hotel Management on the Rise
Hala Matar Choufany | May 23, 2023
By Hala Matar Choufany In the discussion with Bani Haddad, Hala Matar Choufany discusses the change in traveler behaviour and experiences as the new trend. Hala Matar Choufany also reviews the maturity levels of Middle East countries. The discussion leads to the topic of rising third-party hotel management contracts, where Bani Haddad explains the value proposition of third-party management companies. Some of the benefits of working with a third-party management company are the avoidance of corporate expense structures, which leads to lower costs and a better bottom line, and simple and flexible contractual terms. Although, the most im...
Aimbridge Hospitality Acquires Terrapin Hospitality Management Portfolio
Aimbridge Hospitality | March 20, 2023
PLANO, Texas, March 20, 2023 — Aimbridge Hospitality, a leading global hospitality company, has assumed management of 71 hotels previously operated by Houston-based Terrapin Hospitality. With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies. Joining Aimbridge Hospitality’s Select Service Division, these hotels will benefit from the impact of the industry leader’s deep bench of industry talent, a specialized operational approach that maximizes value, and a path toward continued global growth and industry-leading innov...
Frontline Staff Key to Top Performance in Inaugural J.D. Power Third-Party Hotel Management Guest Satisfaction Benchmark
J.D. Power | September 22, 2020
Crestline Hotels & Resorts Ranks Highest in Guest Satisfaction among Large Third-Party Hotel Management Companies TROY, Mich. - September 22, 2020 - Even in the age of digitally enabled, contactless hotel bookings and hand-sanitized check-ins, a key element driving hotel guest satisfaction with third-party management companies is staff service. That’s the central finding of the new J.D. Power 2020 Third-Party Hotel Management Guest Satisfaction Benchmark,SM released today. For the first time, J.D. Power evaluates guest satisfaction for the largest third-party management companies. J.D. Power does so by analyzing guest responses t...
Can Third-Party Managers Be the Answer to the Middle East’s Performance Sag?
David Eisen | September 3, 2019
By David Eisen The third-party hotel management agreement or HMA is decades old, yet still not fully embraced by the global hotel industry. But as industry fundamentals in regions like the Middle East sputter, impeding revenue and profitability, change could be afoot. Hotel owners with an eagle eye on the bottom line are now more inclined to seek out specialized experts to be the caretakers of their assets in order to keep profitability afloat. In the United States, the third-party management model thrives. According to the Management Companies 2019 Survey, released by Hotel Business, there are more than 140 such companies operating one...
