Lodging Leaders - 321 | Here to Help: Pandemic crisis fuels third-party management growth

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Lodging Leaders - 321 | Here to Help: Pandemic crisis fuels third-party management growth

Operators that specialize or are built for scale may emerge stronger post-crisis, say experts

During the worst economic crisis the U.S. hotel industry has ever faced, Hersha Hospitality Management or HHM added 25 hotels to its portfolio.

HHM was joined by other third-party hotel management companies that saw their business expand as the coronavirus pandemic hammered the hotel industry. Many owners, small operators and investment groups have turned to outside sources to help manage their hotels’ business amid present and unforeseen challenges.

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Judy Maxwell
Story By: Judy Maxwell
 
 
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Jon Albano