On December 30, 2024, Vacasa, the largest vacation rental management company, announced its distressed sale to a Casago-led consortium of investors at a price -97% below its IPO price. Just 17 days later on January 16, 2025, Aimbridge Hospitality, the largest hotel management company, announced its out-of-court bankruptcy restructuring.
Was it a coincidence that the two largest national hospitality management companies failed within weeks of each other? The short answer is no. The team at Inhaven researched 25 years of hospitality management history and came to this conclusion: local wins and national scale fails.
Highlights of the case study include:
- Histories of national hospitality management companies and their journey to financial distress
- Five pillars of successful hospitality management
- Why hospitality management companies actually experience "DIS-ECONOMIES" of scale
- Three hospitality management operating frameworks to consider when building your own management company
You can download the full presentation here.
While the case study is 100+ pages, the executive summary is just 12 pages