Managing Expectations: Leading Owner/Operators Outline Expectations During BITAC® Symposium Managing Expectations
Leading Owner/Operators Outline Expectations During BITAC® Symposium
Thursday, September 14, 2017: Dennis Nessler
A handful of chief executives from top owner/operators convened during the recent BITAC® Symposium 2017 to discuss current industry conditions and provide a glimpse into what they see in the near-term future.
A panel entitled “What Lies Ahead For The Lodging Industry” (featured right to left in photo) Rob Winchester, President and COO, Waterford Hotel Group., Inc.; Rick Takach, Chairman and CEO, Vesta Hospitality Group; Mike Marshall, President and CEO, Marshall Hotels & Resorts, Inc.; and Mike Hines, Chairman and CEO, HP Hotels, Inc.
The executives were in full agreement that RevPAR growth has slowed considerably with each of their individual company projections for the remainder of 2017 and 2018 falling in the 2 to 4 percent range.
Vesta Hospitality a New Corporate Partner for Columbia Springs
Vesta Hospitality is pleased to become a new corporate partner for Columbia Springs, a nonprofit environmental education center based in Vancouver, WA. Columbia Springs provides science-based education to thousands of children in Clark County each year. Vesta’s partnership with Columbia Springs reflects our commitment to supporting excellence in education in our community.
Vesta Hospitality celebrates two decades of growth Vancouver Business Journal - December 23, 2016: Vancouver-based Vesta Hospitality has achieved much success in creating this kind of hospitable atmosphere in each of their properties. In the last 20 years of business, the company has owned or managed 35 properties nationwide, and today their portfolio consists of 12 active properties with another under development. They represent both branded and independent properties, from extended stay to full-service and resort properties.
At 20, Vesta Hospitality looks forward, continues to give back Not only is Vesta Hospitality celebrating 20 years of being in business, it’s also boasting the upcoming lease of a public-private partnership project in its hometown, new acquisitions in a neighboring state, and reminding leaders in the hospitality space to always give back to organizations in surrounding communities.
Vesta offers more details for new Marriott at port of Vancouver Vesta Hospitality owns or manages hotels throughout the West, but it has only one in its own backyard of Vancouver. That will change within the next couple of years with the Port of Vancouver’s selection of the little-known company to develop, own and operate a new hotel at the port’s Terminal 1, just west of the former Red Lion Hotel Vancouver at the Quay. The hotel will be an AC Hotel by Marriott, a growing brand that is only now moving into the Portland region.