First Hospitality, a national hotel operating and development company, witnessed significant growth in 2023, increasing its hotels and restaurants under management by nearly 40%. In addition, First Hospitality continued its focus on upscale, soft brand and lifestyle properties which is now approaching 40% of its portfolio. Last year, the company entered five new markets, bringing its diverse portfolio to more than 70 independent and branded properties, with over 10,000 keys, and 3,500 world-class associates.
First Hospitality grows hotel portfolio 25% in 2022
First Hospitality, a national hotel operating and development company, realized significant growth in 2022, increasing hotels under management by 25%. The company expanded into three new markets, bringing First Hospitality’s diverse portfolio of branded and independent properties to over 50 hotels across 11 states.
Marriott to more than triple portfolio in Philippines
Marriott International expects to have more than 5,000 rooms in the Philippines by end 2024, driven by strong owner demand
Summit Hotel Properties sells six hotels for $135 million
The company has completed the disposition of six hotels totaling 815 guestrooms. @SummitHotel_INN
Marriott to add 19 properties under its Middle East and Africa portfolio in 2019
Company on-track to grow its portfolio by 45 percent through the end of 2023 with over 100 properties under development. @Marriott
