Interstate tops 2012 Top Third-Party Management Companies list

Interstate tops 2012 Top Third-Party Management Companies list

With 61,984 guestrooms managed in the U.S. as of Dec. 31, 2011, Interstate Hotels & Resorts tops Hotel Management's 2012 Top Third-Party Management Companies survey. The company added 15,244 guestrooms to its third-party-managed portfolio in 2011, and its revenue associated with the portfolio in 2011 was $2.5 billion.

 

 

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


 

 

Rounding out 2012's top ten:

2. Pillar Hotels & Resorts (23,167 guestrooms)
3. GF Management (21,006)
4. White Lodging Services Corp. (20,092)
5. Pyramid Hotel Group (17,318)
6. TPG Hospitality (16,709)
7. Crescent Hotels & Resorts (14,574)
8. Remington (14,196)
9. Davidson Hotels & Resorts (13,464)
10. Island Hospitality  Management (10,847)

If the recession taught management companies one thing, it was how to survive. Now operators are drawing on those skills to manage their current challenges— increasing sales efforts while slowly raising rates, dealing with capital expenditures and controlling costs.

“2011 was a choppy, challenging year from an operating perspective,” said Michael George, president and CEO of Crescent Hotels & Resorts (No. 7 on this year's list). “We don’t see a drastic change now in the operating environment. It’s great to see metrics improving, and you would think that works to your advantage, but we know it is still very price-sensitive out there, very competitive and still very much a buyer’s market.”

George and other third-party management company executives speak out about 2012's management trends in this month's issue of Hotel Management.Click here for the full story.

Click here to download a PDF of the 2012 Top Third-Party Management Companies survey.

Want to find out more about getting ranked on Hotel Management's lists? Visit our survey FAQ page.

Read more on

Suggested Articles

Occupancy, rate and revenue all were down from August, but not by significant amounts.

Patrick Barrett, Younes Atallah and Reggie Dominique will lead hotels in New Orleans, Santa Monica and Los Angeles, respectively.

Radisson Individuals aims to bring independent hotels and local, regional chains into the global Radisson Hotel Group platform.