There are just so many hotels in any particular market—be it geographic or a niche category—that if a management company wants to grow its business, it must expand into new areas.
But how can a company decide what the right market is for them? There are many factors that contribute to finding that perfect match—from growing local economies, following a trusted partner or the addition of new, stable demand generators.
What’s most important? Research, research, research.
“The grand opening of Hyatt House Orlando International Drive is pivotal as we expand our footprint in strategic, high-demand locations,” says Paul Sacco, Chief Growth and Development Officer for PM Hotel Group; “This property broadens our reach in the dynamic Orlando market with a first-class upscale extended stay product in the Hyatt House brand and underscores our dedication […]
PM Hotel Group and Sightline Hospitality recently announced a strategic merger that will further the growth of PM Hotel Group’s lifestyle hotel division, Modus by PM Hotel Group, by integrating Sightline’s expertise in experiential travel and innovative property management.
PM Hotel Group will assume management of three properties in the greater Washington, D.C. area: the Crowne Plaza Dulles Airport, Hotel Arboretum and Fairfield Inn & Suites Washington, D.C./New York Avenue, expanding its portfolio of 86 hotels in 22 states.