2216HSL

Rooms Division
Management
Sem 2, 2015

Week 2
The Rooms Division: Structures
and Analytics

Mini-Lecture: Ownership and

Management Structures
 Hotel affiliations

Multiple affiliations for a single hotel:

Chain

Parent company
Management company
Owner

Asset management company

 Chain

 The “Chain” represents the hotel brand, which is

clearly displayed to the public on the building and
in all interactions with the customer.

 In some cases, companies organize their hotels by

different chains that may not be obvious to the
guest, for example:
 Hampton Inn vs. Hampton Inn & Suites
 Holiday Inn vs. Holiday Inn Express
 Best Western vs. Best Western Plus and Best Western Premier
 U.S. Hotel Chains
Top 25 Chains in the U.S. (by number of rooms)
Chain Properties Rooms
Holiday Inn Express Hotel 1,889 162,766
Marriott 313 124,186
Courtyard 861 120,926
Days Inn 1,549 118,389
Hampton Inn 1,203 113,334
Holiday Inn 614 107,367
Motel 6 1,125 105,010
Quality Inn 1,277 104,335
Super 8 1,692 102,211
Hilton 239 98,557
Comfort Inn 1,237 95,804
Best Western* 1,149 86,890
La Quinta Inns & Suites 859 85,453
Residence Inn 648 78,535
Hilton Garden Inn 546 74,524
DoubleTree 288 73,313
Hampton Inn & Suites 701 72,398
Extended Stay America 635 69,827
Sheraton Hotel 178 66,556
Fairfield Inn 703 64,215
Best Western Plus 690 61,590
Americas Best Value Inn 906 53,628
Econo Lodge 847 52,171
Embassy Suites 212 50,767
Hyatt Regency 81 47,301
As of Year-End 2014 Source: STR Global, 2015

* STR Global identifies Best Western as a Parent Company consisting of three chains: BW, Plus, and Premier.
 World Hotel Chains
Top 25 Chains in the World (by number of rooms)
Chain Properties Rooms
Holiday Inn Express Hotel 2,360 228,452
Holiday Inn 1,189 218,467
Hilton 557 198,736
Best Western 2,738 194,205
Marriott 499 178,916
Super 8 2,506 160,821
Sheraton Hotel 434 153,262
Courtyard 988 145,805
Days Inn 1,727 133,770
Hotel ibis* 1,021 128,761
Hampton Inn 1,277 123,408
Quality Inn 1,414 116,017
Comfort Inn 1,549 115,545
Crowne Plaza 406 113,527
* Note the new international
Motel 6 1,148 107,014
JinJiang Inns* 834 102,669 chains that show up on the
7 Days Inn* 1,028 101,466 World list versus the US list.
DoubleTree 404 100,002
Home Inn* 831 96,117 **Also note the order
Best Western Plus 1,049 94,592 differences.
Ramada 726 90,783
Mercure Hotels* 726 90,023
La Quinta Inns & Suites 867 86,386
Hilton Garden Inn 618 86,094
Residence Inn 674 81,986
As of Year-End 2014 Source: STR Global, 2015
 Parent Company

 Parent companies consist of multiple chains.

 Often the parent company will have a

variety of different types of chains.

 Parent
companies may have hotels around
the world or in specific regions.

 Sometimesthe term “Hotel Group” is used as

a synonym for “Parent Company”
 US Parent Companies
Top 25 Parent Companies in the U.S. (by number of rooms)
Parent Company Properties Rooms
Hilton Worldwide 3,601 537,607
Marriott International 3,280 522,089
Wyndham Worldwide 5,642 440,096
Choice Hotels International 5,188 396,722
Intercontinental Hotels Group 3,209 373,001
Starwood Hotels & Resorts 505 153,434
Best Western Company 1,859 150,845
G6 Hospitality 1,204 113,443
Hyatt 396 100,779
LQ Management LLC* 859 85,453
Extended Stay Hotels 679 75,495
Carlson Hospitality Company 540 59,179
Vantage Hospitality 932 55,907
Westmont Hospitality Group 397 39,786
Disney Hotels* 21 26,188
Value Place 191 22,853
Omni Hotels & Resorts 49 19,801
InTown Suites 140 18,252
Drury Hotels 117 17,855
America`s Best Franchising 204 14,340
AmericInn* 197 11,590
Kimpton Hotels* 60 10,969
Loews Hotels Company* 19 8,882
Red Lion Hotels Company* 53 8,777
Four Seasons Hotels & Resorts* 33 8,710
As of Year-End 2014 Source: STR Global, 2015

*Parent Company with a single chain.

 World Parent Companies
Top 25 Parent Companies in the World (by number of rooms)
Parent Company Properties Rooms
Hilton Worldwide 4,269 703,496
Marriott International 4,071 694,419
Intercontinental Hotels Group 4,734 683,308
Wyndham Worldwide 7,631 659,168
Choice Hotels International 6,363 504,447
Accor Company 3,576 472,437
Starwood Hotels & Resorts 1,189 345,188
Best Western Company 3,939 306,028
Carlson Hospitality Company 1,092 171,822
Hyatt 560 152,330
Jinjiang Holding 991 124,841
Home Inns 974 124,366
G6 Hospitality 1,229 115,646
7 Days Inn* 1,028 101,466
Groupe du Louvre 1,177 97,183
LQ Management LLC* 867 86,386
Extended Stay Hotels 682 75,995
GreenTree Inns 695 63,700
Whitbread Hotel Company 698 59,523
Vantage Hospitality 963 58,555
NH Hotels 362 55,667
Grupo Sol Melia 163 49,749
Toyoko Inn 244 47,356
Huazhu Hotels Group 376 45,806
Fairmont Hotels 112 42,343
As of Year-End 2014 Source: STR Global, 2015

*Parent Company with a single chain.

Sample Parent Companies with Properties and Rooms by Country
(Top 10 Countries)

InterContinental Hotels Group Marriott International

Country Properties Rooms Country Properties Rooms
United States 3,209 373,001 United States 3,280 522,089
China 233 76,281 China 74 27,107
United 302 42,031 Canada 84 16,462
Kingdom
United Kingdom 63 12,154
Canada 173 24,371
Spain 72 8,798
Mexico 131 20,952
South Africa 76 8,176
Germany 62 12,457
Germany 29 6,718
Japan 32 9,565
India 26 6,297
France 55 6,963
Mexico 25 6,077
Australia 25 6,244
France 23 4,456
Saudi Arabia 23 5,752

As of Year-End 2014 Source: STR Global, 2015

Sample Parent Companies with Properties and Rooms by Country
(Top 10 Countries)

Hilton Worldwide Wyndham Worldwide

Country Properties Rooms Country Properties Rooms
United States 3,601 537,607 United States 5,642 440,096
United Kingdom 113 25,120 China 858 96,224
China 54 20,847 Canada 504 39,562
Canada 104 17,720 Germany 103 14,391
Egypt 18 6,752 Spain 53 8,057
Turkey 29 6,723 United Kingdom 94 7,995
Japan 11 5,732 Turkey 33 5,935
Mexico 32 5,387 Mexico 34 4,592
UAE 18 5,370 Brazil 20 3,272
Germany 17 5,132 United Arab 14 2,815
Emirates

As of Year-End 2014 Source: STR Global, 2015

 Sample Parent Companies with Properties and Rooms by Country
(Top 10 Countries)

Choice Hotels International ACCOR

Country Properties Rooms
Country Properties Rooms
France 1,451 132,837
United States 5,188 396,722
Germany 334 45,493
Canada 312 25,425
China 138 34,497
Norway 91 14,293
Brazil 213 33,026
Sweden 82 13,449
United Kingdom 202 27,528
Australia 224 9,597
Australia 194 25,748
Brazil 63 8,451
Indonesia 84 16,798
Japan 51 8,365
Thailand 50 12,092
France 112 6,969
Poland 58 10,327
United Kingdom 42 2,963
Spain 88 9,881
Mexico 26 2,700

As of Year-End 2014 Source: STR Global, 2015

Sample Parent Companies with Properties and Rooms by Country
(Top 10 Countries)

Starwood Hotels & Resorts Best Western Company

Country Properties Rooms Country Properties Rooms
United States 505 153,434 United States 1,859 150,845
China 139 50,760 Germany 192 19,083
Canada 66 18,399 Canada 197 18,557
India 41 9,027 United Kingdom 289 16,032
Germany 26 7,745 France 299 15,703
United Arab Emirates 24 7,309 Italy 183 13,557
Thailand 22 5,890 China 35 7,556
Japan 14 5,606 Sweden 82 6,955
Mexico 27 5,544 Australia 155 5,837

Italy 19 4,724 Mexico 64 5,030

As of Year-End 2014 Source: STR Global, 2015

Sample Parent Companies with Properties and Rooms by Country
(Top 10 Countries)

Hyatt Hotels Corporation Riu Hotels & Resorts

Country Properties Rooms Country Properties Rooms
United States 396 100,779 Spain 38 12,41
2
China 29 11,360
Mexico 16 8,650
India 21 5,271 Dominican 7 3,664
Japan 9 2,834 Republic
Mexico 8 2,606 Tunisia 9 2,986
France 7 2,353 Jamaica 5 2,611
Canada 5 2,344 Morocco 6 1,779
South Korea 5 2,300 Cape Verde 4 1,769
United Arab Emirates 6 2,018 Panama 2 1,290
Indonesia 4 1,584 Costa Rica 2 1,239
Portugal 3 1,176

As of Year-End 2014 Source: STR Global, 2015

 Parent Companies and Chains – InterContinental Hotels Group & Hilton Worldwide
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
InterContinental Hotels InterContinental 19 7,559 176 59,944
Group
ANA 6 1,422
Crowne Plaza 143 40,384 406 113,527
EVEN Hotels 2 296 2 296
Hotel Indigo 35 4,119 61 6,731
Staybridge Suites 185 19,775 205 22,409
Holiday Inn 614 107,367 1,189 218,467
Holiday Inn Express 1,889 162,766 2,360 228,452
Hotel
Holiday Inn Garden 3 205
Court
Holiday Inn Select 1 173 3 628
Sunspree Resorts 1 520
Candlewood Suites 321 30,562 322 30,707
Hilton Worldwide Conrad 4 1,268 26 8,024
Waldorf Astoria 12 6,815 26 10,456
Curio Collection 5 3,170 5 3,170
Embassy Suites 212 50,767 220 52,660
Hilton 239 98,557 557 198,736
Hilton Grand Vacations 2 368 2 368
DoubleTree 288 73,313 404 100,002
Hilton Garden Inn 546 74,524 618 86,094
Homewood Suites 342 38,042 359 39,965
DoubleTree Club 4 549 4 549
Hampton Inn 1,203 113,334 1,277 123,408
Hampton Inn & Suites 701 72,398 726 75,338
Home2 Suites by Hilton 43 4,502 45 4,726
* Note the WW numbers include the US numbers on the next several slides As of Year-End 2014 Source: STR Global, 2015
 Parent Companies and Chains – Marriott International & Starwood Hotels & Resorts
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
Marriott International African Pride 11 824
Bulgari Hotels 3 202
Edition 1 294 3 545
JW Marriott 24 12,984 70 29,804
Ritz-Carlton 39 11,365 90 25,793
Autograph Collection 44 10,119 77 17,530
Gaylord Entertainment 5 8,098 5 8,098
Marriott 313 124,186 499 178,916
Marriott Conference Center 9 2,704 9 2,704
Marriott Executive Apartments 25 3,468
Renaissance 78 27,578 158 52,360
AC Hotels by Marriott 1 220 77 8,810
Courtyard 861 120,926 988 145,805
Residence Inn 648 78,535 674 81,986
Springhill Suites 314 36,953 316 37,252
Fairfield Inn 703 64,215 720 66,304
Protea Hotel 101 9,426
TownePlace Suites 240 23,912 244 24,430
MOXY 1 162
Starwood Hotels & Luxury Collection 13 3,942 83 16,929
Resorts St Regis 10 2,292 31 6,948
W Hotel 24 7,873 46 13,130
Le Meridien 16 3,980 98 27,031
Sheraton Hotel 178 66,556 434 153,262
Westin 104 44,203 201 76,378
aloft Hotels 61 9,164 92 15,619
element 12 1,899 14 2,184
Four Points 87 13,525 190 33,707

As of Year-End 2014 Source: STR Global, 2015

 Parent Companies and Chains – Wyndham Worldwide & Best Western Company
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
Wyndham Wyndham Hotels 55 16,556 110 30,807
Worldwide Days Hotels 67 10,638
Days Serviced Apartments 1 48
Ramada Plaza 34 7,233 107 24,533
Tryp by Wyndham 2 244 118 16,788
Wyndham Garden Hotel 52 8,727 84 12,691
Baymont Inn & Suites 370 30,057 370 30,057
Hawthorn Suites by Wyndham 94 9,286 96 9,582
Ramada 379 42,941 726 90,783
Wingate by Wyndham 150 13,533 154 14,035
Days Inn 1,549 118,389 1,727 133,770
Howard Johnson 273 23,203 426 45,570
Knights Inn 363 23,665 396 24,927
Microtel Inn & Suites 299 21,213 323 23,138
Super 8 1,692 102,211 2,506 160,821
Thriftlodge 5 240
Travelodge 330 22,838 415 30,740
Best Western Best Western Premier 20 2,365 152 17,231
Company Best Western Plus 690 61,590 1,049 94,592
Best Western 1,149 86,890 2,738 194,205

As of Year-End 2014 Source: STR Global, 2015

 Parent Companies and Chains – Choice Hotels International, Carlson Rezidor Hotel Group & Hyatt Hotels Corporation
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
Ascend Collection 103 8,836 133 12,094
Choice Hotels International
Cambria Suites 22 2,642 22 2,642
Clarion Collection 44 4,174
Clarion 178 25,231 273 39,390
Comfort 209 21,301
Comfort Inn 1,237 95,804 1,549 115,545
Comfort Suites 574 44,210 595 47,003
Quality 210 23,101
Quality Hotel & Resort 13 2,248
MainStay Suites 45 3,568 47 3,786
Quality Inn 1,277 104,335 1,414 116,017
Sleep Inn 370 26,759 380 27,644
Econo Lodge 847 52,171 933 55,979
Rodeway Inn 470 25,973 474 26,152
Suburban Extended Stay Hotels 65 7,193 67 7,371
Hyatt Hotels Corporation Andaz 7 1,424 12 2,437
Grand Hyatt 11 8,248 44 23,917
Park Hyatt 5 1,141 34 6,757
Hyatt 32 7,381 48 11,837
Hyatt Regency 81 47,301 147 69,749
Hyatt House 58 8,155 59 8,281
Hyatt Place 202 27,129 216 29,352

As of Year-End 2014 Source: STR Global, 2015

 Parent Companies and Chains – ACCOR and Home Inns
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
ACCOR Quay 4 308
Sofitel Luxury Hotels 7 2,353 115 28,996
Caesar Park Hotels 10 1,883
MGallery Hotel Collection 60 6,168
Pullman 90 25,838
Grand Mercure 43 8,513
Mercure Hotels 726 90,023
Novotel Hotels 1 480 423 80,230
Suite Novotel 30 3,747
The Sebel 20 1,403
Adagio City Aparthotel 76 8,867
Coralia 1 371
Parthenon 1 67
all seasonsHotels 3 420
Hotel ibis 1,021 128,761
ibis styles 212 20,209
Libertel 5 294
Etap Hotel 2 266
Hotel F1 238 17,898
Hotel Formule 1 34 2,847
ibis budget 462 45,328
Home Inns Yotel QQ 9 1,717
Home Inn 831 96,117
Motel 168 121 23,548
Motel 268 13 2,984

As of Year-End 2014 Source: STR Global, 2015

Parent Companies and Chains – G6 Hospitality, 7 Days Group, Jinjiang Holding, Groupe du Louvre, La Quinta,
ESH, and Vantage Hosp.
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
G6 Hospitality Motel 6 1,125 105,010 1,148 107,014
Studio 6 79 8,433 81 8,632
Jinjiang Holding Jin Jiang Hotel 35 10,196
Magnolia Hotels 7 729
Metropolo JinJiang Hotels 25 3,874
Bestay Hotel Express 72 5,205
Goldmet Inn 18 2,168
JinJiang Inns 834 102,669
Groupe du Louvre Concorde Hotels 13 2,796
Royal Tulip Hotels 9 2,587
Golden Tulip 1 74 179 24,997
Kyriad Prestige 16 1,383
Tulip Inn Hotel 84 8,362
Campanile Hotel 394 26,107
Kyriad 229 13,125
Hotel Premiere Classe 253 17,826
Extended Stay Hotels Crossland Suites 43 5,584 43 5,584
Extended Stay America 635 69,827 638 70,327
Extended Stay Deluxe 1 84 1 84
Vantage Hospitality Chinas Best Value Inn 4 367
Lexington 26 2,279 30 3,504
Canadas Best Value Inn 20 904
Americas Best Value Inn 906 53,628 909 53,780

As of Year-End 2014 Source: STR Global, 2015

 Parent Companies and Chains – NH Hotels, Whitbread, Melia Hotels Intl, Riu Hotels, Fairmont Hotels, Westmont Hosp., Shangri-La
Parent Company Chain U.S. Props U.S. Rooms WW Props* WW Rooms*
N H Hotels Hesperia Hoteles 37 5,603
NH Hotels 325 50,064

Whitbread PLC Premier Inn ME&A 5 1,356

hub by Premier Inn 1 163
Premier Inn 692 58,004
Grupo Sol Melia Gran Melia 11 3,495
ME 3 766
Melia Boutique 8 466
Innside by Melia 14 1,863
Melia 1 240 85 28,198
Paradisus Resorts 10 4,371
Sol 32 10,590

Riu Hotels & Resorts Luca Hotels & Resorts 4 696

RIU Hotel 102 41,225

Fairmont Hotels Fairmont 17 7,016 70 28,878

Raffles 12 1,943
Swissotel 1 661 30 11,522
Bilderberg 18 1,726
Westmont Hospitality Group
Red Roof Inn 397 39,786 397 39,786

Shangri-La Hotels Shangri-La Hotel 75 31,086

Hotel Jen 5 1,834
Traders Hotel 10 3,833

As of Year-End 2014 Source: STR Global, 2015

 Operation: Corporate, Franchise or
Independent
 Three main operation types:
 Corporate
 Franchise
 Independent

Acorporate hotel is a chain hotel owned and/or

managed by the chain or the parent company.
Afranchise hotel is a chain hotel run by a third party
where the chain receives some sort of franchise fee.
 An independent hotel is not affiliated with a chain
or parent company.
 Operation Type

 Hereare the number of properties and rooms in

the US and the world (WW) by each Operation
Type:
Operation U.S. Props U.S. Rooms WW Props WW Rooms

Corporate 4,247 864,944 24,198 4,119,011

Franchise 26,481 2,566,727 39,259 4,006,088

Independent 21,319 1,479,150 100,288 7,183,684

As of Year-End 2014 Source: STR Global, 2015

 Most
parent companies will have a mixture of
corporate and franchise hotels.
 Operation Type
Top 25 U.S. Parent Companies with Number of Corporate and Franchise Properties
Parent Company Corporate Franchise
Wyndham Worldwide 52 5,571
Choice Hotels International 5,172
Hilton Worldwide 263 3,337
Intercontinental Hotels Group 129 3,076
Marriott International 646 2,633
Best Western Company 1,857
Vantage Hospitality 16 916
G6 Hospitality 525 676
Carlson Hospitality Company 18 521
LQ Management LLC 353 504
Starwood Hotels & Resorts 118 387
Hyatt 160 236
Westmont Hospitality Group 174 223
America`s Best Franchising 5 199
AmericInn 197
Value Place 97 94
Red Lion Hotels Company 18 35
Extended Stay Hotels 678 1
Omni Hotels & Resorts 48 1
Disney Hotels 21
Drury Hotels 117
Four Seasons Hotels & Resorts 33
InTown Suites 140
As of Year-End 2014
Kimpton Hotels 60
Source: STR Global, 2015
Loews Hotels Company 19

Note differences between companies: all corporate, all franchise, or mix.

 Independents

 Independent hotels are not affiliated with a specific

chain. They may be managed or owned by
companies listed on slides to follow. They may also
be members of various marketing groups.
 Thereare over 21,300 independent hotels in the U.S.
which consist of approximately 1.5 million rooms.
There are over 100,000 independent hotels in the
world in the STR database with around 7.2 million
rooms.
 Independent hotels vary considerably in size, price
level, location, amenities and other attributes.
Chain Hotels versus Independents - U.S. vs. Non-U.S.
Percentages based on Number of Rooms

WW percentage (40/60) is based on hotels in STR database, much

harder to find WW independents, probably closer to 30/70 or 20/80
 Management Company
 A management company operates a hotel for
another party, and receives payment and/or some
portion of profits.
 Management companies may manage a variety of
different chains as well as independent hotels.
 Some chains or parent companies manage their own
hotels
Top Global Management Companies (by number of rooms)
Management Company Census Props Census Rooms Chain Props Chain Rooms Indep. Props Indep. Rooms
Starwood Hotels & Resorts 594 203419 593 203284 1 135
InterContinental Hotels 446 126432 439 118157 7 8275
Jinjiang Inn Co., Ltd. 961 115870 956 114615 5 1255
Hilton Managed 357 105741 352 104627 5 1114
Carlson Rezidor Hotel Group 343 76481 338 75933 5 548
Extended Stay Hotels 680 75770 678 75502 2 268
MGM Resorts 19 48357 19 48357
Interstate Hotels 150 42333 118 35013 32 7320
Caesars Entertainment 33 41361 2 2861 31 38500
Fairmont Hotels & Resorts 100 37300 99 37021 1 279
Shangri-La Hotels and Resorts 86 35328 85 35125 1 203
Merrylin Holding Ltd 142 28388 140 27907 2 481
Aimbridge Hospitality 152 28159 144 25889 8 2270
White Lodging 161 25835 161 25835
Crossroads 197 25276 189 23707 8 1569
Vienna Hotel Group 131 22048 131 22048
Louvre Hotels 326 21096 326 21096
Pillar Hotels & Resorts 215 20895 211 20510 4 385
Highgate Hotels 36 19599 17 7555 19 12044
Island Hospitality Management 140 18333 138 18138 2 195
Crescent Hotels & Resorts 79 17727 70 15330 9 2397
Jin Jiang Int'l Hotels Mgmt Co.
Ltd. 52 16722 26 7494 26 9228
Moevenpick 61 16463 61 16463
Remington Hotels 80 15998 70 14597 10 1401
Sol Melia Management 90 15503 85 13542 5 1961
The Procaccianti Group 50 14676 50 14676
JAL Hotels Company 47 14514 47 14514
BTG-Jianguo Hotels & Resorts 52 14162 48 12949 4 1213
Millennium & Copthorne 44 13913 43 13756 1 157

As of Year-End 2014 Source: STR Global, 2015

Top Global Management Companies (by number of rooms) continued
Management Company Census Props Census Rooms Chain Props Chain Rooms Indep. Props Indep. Rooms
Hersha Hospitality
Management 108 13899 95 12513 13 1386
Westmont Canada 115 13841 113 13490 2 351
Leonardo Hotels 73 13028 68 12229 5 799
TMI Hospitality 179 12992 179 12992
Wyndham 55 12939 55 12939
Ocean Properties, Ltd 73 12713 55 9723 18 2990
Country Garden Phoenix Hotels 46 12678 46 12678
Sage Hospitality 67 12644 63 11912 4 732
GF Management 87 12570 73 10594 14 1976
Davidson Hotels & Resorts 39 12095 38 12041 1 54
Atlantica Hotel International 85 12082 73 10430 12 1652
Accor 50 11894 30 8285 20 3609
Rotana Hotels 44 11798 44 11798
Steigenberger Hotels 68 11654 68 11654
Kimpton Hotel Group 63 11566 62 11438 1 128
Columbia Sussex 35 11510 35 11510
Loews Hotels 22 10894 20 9024 2 1870
Redefine BDL Hotel Group
Limited 60 10690 54 10168 6 522
TOP International Hotels 93 10546 82 9620 11 926
Tokyu Group Hotels & Resorts 42 10415 40 10128 2 287
Archipelago International 76 10390 73 9948 3 442
Fujita Kanko Group 40 10356 27 7843 13 2513
Hoteles City Express 91 10340 91 10340
John Q Hammons 42 10292 40 9813 2 479
Destination 38 10284 4 891 34 9393
Concord Hospitality 70 10271 70 10271
Hankyu Hanshin Hotels 52 10164 30 7079 22 3085
Olav Thon 67 10123 66 10075 1 48
Jinling Hotels 37 10051 36 9872 1 179
As of Year-End 2014 Source: STR Global, 2015
 Owner Companies
 There are many different types of owners that own
single or multiple hotels.
 Owners can be individuals, companies, real estate
investment trusts, governments and joint
ventures/strategic alliances
 Owners may own hotels from a variety of different
chains.
 Some chains or parent companies own their own
hotels.
 Top Global Owner Companies (by number of rooms)
Owner Company Total Props Total Rooms Chain Props Chain Rooms Indep. Props Indep. Rooms
Extended Stay America 663 73414 661 73146 2 268
Host Hotels & Resorts 135 67110 133 66732 2 378
G6 Hospitality, LLC 534 60980 532 60760 2 220
Hilton 186 59850 183 59294 3 556
Whitbread PLC 695 59288 695 59288
MGM Resorts 18 47682 18 47682
Hospitality Properties Trust 291 43293 291 43293
Caesars Entertainment 29 38108 2 2861 27 35247
Starwood Capital Group 196 33595 185 30226 11 3369
Shangri-La Hotels and Resorts 77 32541 77 32541
Archon Hospitality 288 31911 288 31911
Ashford Hospitality Trust 128 29498 120 28221 8 1277
Walt Disney World Resorts 19 23865 19 23865
Apple REIT Hospitaltiy Inc 191 23793 191 23793
R L J Lodging Trust 148 23359 147 23261 1 98
NH Hotels 134 22699 132 22497 2 202
Pandox 106 22282 98 20078 8 2204
NorthStar Asset Management
155 20250 155 20250
Group
Starwood Hotels & Resorts 55 19365 54 19230 1 135
Louvre Hotels 216 16395 216 16395
Prince Hotels 39 16008 39 16008
Fattal Hotels 82 15453 72 13056 10 2397
Las Vegas Sands Corporation 9 15392 3 2220 6 13172

As of Year-End 2014 Source: STR Global, 2015

 Top Global Owner Companies (by number of rooms) continued
Chain Chain Indep. Indep.
Owner Company Total Props Total Rooms
Props Rooms Props Rooms
FelCor Lodging Trust 50 15208 48 14923 2 285
Omni Hotels & Resorts 37 14804 37 14804
Sunstone Hotel Investors 30 14302 29 13248 1 1054
Kempinski Hotels & Resorts 51 14245 51 14245
Tsogo Sun 91 14195 85 13497 6 698
Apa Hotel Mgtco 66 14138 66 14138
InnVest Reit 108 13571 107 13331 1 240
Moor Park Capital Partners 98 13408 96 13263 2 145
JER Partners 150 13022 149 12983 1 39
TMI Hospitality 181 12919 179 12807 2 112
Xenia Hotels & Resorts 46 12797 46 12797
Clarion Partners 77 12129 77 12129
Summit Hotel Properties 91 11589 91 11589
DiamondRock Hospitality Comp 28 11532 27 11426 1 106
Fiesta Hotel Company 37 11292 36 11280 1 12
The Ascott Group 72 11161 66 10082 6 1079
LaSalle Hotel Properties 46 11140 27 7292 19 3848
Orbis Hotels 58 11026 53 10012 5 1014
Greens Co., Ltd 75 10917 50 8244 25 2673
Atrium 44 10894 42 10415 2 479
Grand City Hotels & Resorts 85 10860 70 9395 15 1465
Grupo de Turismo Gaviota SA 28 10365 8 5551 20 4814
Highgate Hotels 14 10027 8 3550 6 6477

As of Year-End 2014 Source: STR Global, 2015

 Asset Management Company
 AnAsset Management Company represents the
owner in the operation of a hotel.

A hotel may have both a Management Company

and an Asset Management Company.

 This
type of affiliation is a relatively new
phenomenon.
 Top U.S. Asset Management Companies (by number of rooms)
Asset Management Company Properties Rooms
W H M, LLC 209 39,063
Pyramid Advisors, LLC 57 20,737
Equity Inns 127 15,056
Rockbridge Capital, LLC 80 14,316
Capital Hotel Management 18 12,622
Ryman Hospitality Properties 5 8,098
Prudential R E Investors 28 8,084
The Chartres Lodging Group 10 8,046
Garfield Taub Development 17 7,680
Sceptre 24 6,804
Omni Hotels & Resorts 14 5,471
Hotel Asset Value Enhancement 15 4,832
Millennium Partners 14 3,586
Woodbine Development Corp 7 3,561
IStar Financial 6 2,660
Lodging Capital Partners, LLC 8 2,559
Island Hospitality Management 17 2,408
BetaWest 11 2,254
TR Engel Group, LLC 3 2,233
CHIC Advisors 5 1,901
Hotel Development Services 19 1,756
S C S Advisors AssetMgt 6 1,702
Wright Hotels, Inc AssetMgt 2 1,577
Red Lion Hotels Corporation 7 1,276
American Hotels 11 1,189
American Hospitality Services 3 1,134
Integrated Capital LLC 5 1,083
Montclair Hotel Investors Asse 5 1,070
Ashford Hospitality Trust 5 1,065
Carr Hospitality 4 1,055

As of Year-End 2014 Source: STR Global, 2015

 Top Global Asset Management Companies (by number of rooms)
Asset Management Company Properties Rooms Asset Management Company Properties Rooms
Woodbine Development
Hilton AssetMgt 123 42,162 7 3,561
Corp
W H M, LLC 215 41,846 Vision Asset Management 15 3,390
Pyramid Advisors, LLC 58 21,080 IStar Financial 6 2,660
Axios 95 19,318 American Hotels 16 2,652
Equity Inns 127 15,056 TR Engel Group, LLC 4 2,581
Lodging Capital Partners,
Rockbridge Capital, LLC 80 14,316 8 2,559
LLC
Island Hospitality
Capital Hotel Management 19 13,100 17 2,408
Management
Millennium & Copthorne Hotels 42 9,776 Majid Al Futtaim Properties 8 2,316
Hamilton Hotel Partners Assetm 50 9,428 BetaWest 11 2,254
The Chartres Lodging Group 11 8,230 S C S Advisors AssetMgt 7 1,939
Ryman Hospitality Properties 5 8,098 CHIC Advisors 5 1,901
Prudential R E Investors 28 8,084 Hotel Development Services 19 1,756
Garfield Taub Development 18 7,916 Wright Hotels, Inc AssetMgt 2 1,577
Michels and Taylor 36 6,892 Red Lion Hotels Corporation 7 1,276
Sceptre 24 6,804 American Hospitality Services 4 1,266
Japan Hotel REIT 28 6,369 Ashford Hospitality Trust 6 1,166
Omni Hotels & Resorts 14 5,471 Integrated Capital LLC 5 1,083
Event Hotelgruppe AssetMgt 31 4,841 Montclair Hotel Investors 5 1,070
Hotel Asset Value Enhancement 15 4,832 Carr Hospitality 4 1,055
Millennium Partners 14 3,586

As of Year-End 2014 Source: STR Global, 2015