Charlestowne is #6 in Management Companies to Know in 2021

To say that things have changed for the hotel industry since the last time LODGING published a spotlight on management companies is a gross understatement.

What hoteliers need to know before putting their properties in the hands of a professional manager

To say that things have changed for the hotel industry since the last time LODGING published a spotlight on management companies is a gross understatement. In April of last year, occupancies plummeted to previously unseen lows and the industry has been slow to rebound. There’s hope on the horizon, though. CBRE Hotels Research recently reported that it is forecasting an average national occupancy level of 43 percent during the first half of 2021, which then accelerates to 55.1 percent in the second half of the year. Now, hoteliers are tasked with leaving behind the survival mindset that they’ve had to embrace over the past year in favor of a recovery mindset. Switching gears after spending so long focused on survival might take some time, and hoteliers may be looking for assistance in moving their properties past the pandemic—that’s when a hotelier may choose to partner with a third-party manager.

#6 – Charlestowne Hotels

Charlestowne Hotels is a full-service hospitality management company known for its client-focused rather than process-driven management style. With 40 years in the independent hotel management industry, Charlestowne Hotels develops properties across the United States. Its diverse portfolio covers multiple industry sectors, including lifestyle, independent, collegiate, adaptive reuse, and seasonal properties, as well as condominiums. In addition, Charlestowne Hotels works toward above average RevPAR growth rates in its markets for its owners, and many of its hotels have earned awards for their performances.

Rooms Managed4,593
Properties Managed53
Third-Party Rooms4,593
Third-Party Properties53
Revenue$100,000,000
ContactMichael Cady, mcady@charlestownehotels.com

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