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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.
Robert L. Johnson founded The RLJ Companies in 2002 in Bethesda, Maryland. [7] [8] Johnson serves as chairman of the company. [4] Previous to founding The RLJ Companies, Johnson owned BET, which he sold to Viacom in 2001. [12] He remained on at BET as its CEO through 2006. [4] In 2001, Johnson and Tom Baltimore started RLJ Lodging Trust with ...
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 ]
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]
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.
Marriott was elected executive vice president and member of the board of directors in January 1964, [4] president of the company in November 1964, chief executive officer in 1972, and chairman of the board in 1985. He introduced the practice of revenue management to the hotel industry. [6]
Quality Inn was founded in 1939 as Quality Courts United, which was the first hotel chain in the United States. By 1946, the association grew to 50 hotels and to 100 hotels by 1952. [3] The group was among the first in the industry to offer wall-to-wall carpeting, daily linen changes, 24-hour desk service, and in-room telephones.
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 ...