Interstate Hotels & Resorts Retained by Cambridge Landmark to Manage The Citizen Hotel, Autograph Collection

USA, Arlington, Virginia. August 15, 2019

Interstate Hotels & Resorts - a leading, global third-party hotel management company - has been selected to continue the successful management of the iconic Citizen Hotel, Autograph Collection in Sacramento, California, with a long-term agreement with new hotel owner Cambridge Landmark.

Cambridge Landmark has plans to make guestroom renovations and updates to the common areas and the top-rated, farm to fork Grange Restaurant & Bar. "The Citizen is well positioned to continue its leadership in the market with Interstate's strong management team and continued upward performance at the hotel," said Cambridge Landmark Managing Partner Pedro Miranda. "We look forward to further success with their team, providing an outstanding hotel experience for guests and locals alike."

"Interstate is pleased to expand management within Cambridge Landmark's portfolio with the iconic Sacramento hotel," said Michael J. Deitemeyer, Interstate Hotels & Resorts' President and CEO. "Retaining management of key properties as they shift ownership is a strategic focus of our evolution."

Ideally located in the heart of Sacramento's urban renaissance, The Citizen Hotel offers unmatched views of downtown with easy access to the Golden 1 Arena and Downtown Commons (DoCo) retail complex, Sacramento Convention Center, California State Capitol and more. The 196-room hotel features the Michelin-listed Grange Restaurant & Bar, historic architecture and striking décor. With 10,000 square feet of flexible event space, the hotel is perfect for meetings and weddings, including the permanently "tented" Metropolitan Terrace with downtown Sacramento views.

A global leader in third-party hotel management, Interstate Hotels & Resorts' depth of experience across all lodging segments and asset classes drives results in each of its managed hotels worldwide.

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in October 2019...

Revenue Management: Focus On Profit

Revenue Management is still a relatively new profession within hotel operations and as such, it continues to evolve. One significant trend in this area is a shift away from using revenue as the foundation to generate key performance indicators (KPIs) and to instead place the emphasis on profit. Traditionally, revenue managers have relied on total revenue per available room (TrevPAR) and revenue per available room (RevPAR) as the basis of their KPIs. Now, some revenue managers are using gross operating profit per available room (GOPPAR) as their primary KPI. This puts profit at the center of revenue management strategy, and managers are increasingly searching for new ways to increase the profitability of their hotels. Return on Investment is the objective of any hotel investment, so it is only logical that profitability and ROI will be emphasized going forward. Another trend is an expanded focus on direct hotel bookings. Revenue managers know that one way to increase profitability is to steer guests away from online travel agencies (OTAs) and book directly with the hotel. This tactic also reinforces brand identity and loyalty, and encourages repeat business. In addition, it provides a valuable platform to market the hotel directly to the customer, and to upsell room upgrades or other services to them. Another trend for revenue managers involves automation in their software programs. Revenue management systems with automation are far more desirable than those without it. Automating data entry and logistics increases efficiency, allowing managers to spend more time on formulating strategy. As a bonus, an automated system helps with aggregating and interpreting data. The October issue of the Hotel Business Review will address these developments and document how some leading hotels are executing their revenue management strategies.