Hotel & Motel Management - December 27, 2007 - (Page 72) » BY JASON Q. F REED, ASSOCI AT E EDITOR Management companies expect to grow quietly he mortgage-lending dein its portfolio. “That was a pretty bacle of 2007 spilled into healthy growth in management.” the lodging world and Nesbitt said Windsor looks at management companies were afeach property in its portfolio from fected, but most took advantage an owner’s perspective. He was cauof low capitalization rates early in tious of the credit crunch, but said the year to grow their portfolios. deals still could be done as long as With the lodging industry still both buyers and sellers were attenthriving, most management comtive to details. Nesbitt panies said it was time to expand WINDSOR HOSPITALITY Nesbitt said his experience now. through two major down cycles, “We grew by 11 properties from in the early ’90s and again at the 2006 to 2007,” said Patrick Nesbitt, pres- turn of the century, is helping him prepare ident and c.e.o. of Windsor Hospitality for the dip that most are predicting in the Group, which owns 26 of the 37 properties See Management | page 81 T WINDSOR HOSPITALITY Windsor Hospitality Group owns and operates the Embassy Suites Las Vegas. http://www.marshallhotels.com http://www.marshallhotels.com
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