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In January 1999, a year after being organized into a Maryland real estate investment trust, it became a public company via an initial public offering. [1] In May 2006, the firm acquired four Boston-area hotels for $44 million. [4] In June 2015, the company acquired the St. Gregory Hotel in Washington, D.C. for $57 million. [5]
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland. [1]As of December 31, 2023, the company owned 44 operating properties including 16 apartment complexes with 6,318 units, 26 commercial properties comprising 8.3 million square feet, and 2 properties on which it collects ground rent.
Southern Management Companies is a privately owned [1] property management company in the Mid-Atlantic United States. [2] [3] [4] [5]The company owns more than 25,000 apartment units [6] across 76 properties, three hotels, [7] and 1 million square feet in commercial space [8] in the Baltimore/DC area and a ski resort, hotel, and conference center, Bear Creek, [9] in Macungie, Pennsylvania.
Aimbridge Hospitality is an American third-party management company with over 1500 hotels globally. The company was originally founded by Dave Johnson in 2003 with eight hotels. As of 2021, Aimbridge held 1,218 properties in its portfolio with a combined 171,019 rooms [ 1 ] across all 50 states and 23 countries [ 2 ]
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of December 31, 2023, the company owned 77 upscale hotels containing approximately 42,000 rooms in the United States , Brazil , and Canada . [ 1 ]
Since "yield" was an airline term and did not necessarily pertain to hotels, Marriott International and others began calling the practice Revenue Management. [5] The company created a Revenue Management organization and invested in automated Revenue Management Systems (RMS) that would provide daily forecasts of demand and make inventory ...
[14] [15] The company operates in 21 states with 97 hotels under global brands including Courtyard by Marriott, Hilton Garden Inn, Hyatt Place and Embassy Suites Hotels. [16] [17] In 2008, RLJ Companies formed a partnership with Global Building Solutions to build a 78-room luxury resort and spa in Monrovia, Liberia. [7]
The $51 million acquisition expanded the company's footprint to every Western state, except New Mexico, and grew its portfolio to nearly 90 hotels and 15,000 rooms. [14] Capitalizing on the Red Lion brand, a majority of the company's WestCoast Hotels properties were rebranded to the Red Lion name within the two years following the acquisition. [15]