Essex Hotel Management adds six properties to its management portfolio through an agreement with Larkin Hospitality

Rochester, New York-based Essex Hotel Management has announced a significant expansion of its management portfolio through a partnership with Burlington, Vermont-based Larkin Hospitality. This agreement adds six properties and 581 keys to Essex's operational oversight, increasing its total managed portfolio to 17 properties. This strategic move positions Essex for substantial growth within the US hospitality sector, leveraging its management expertise to enhance the performance and operational efficiency of Larkin Hospitality's assets. The deal is notable for its scale, representing a considerable increase in Essex's managed property count and key inventory. For Essex, this partnership underscores a clear growth trajectory, expanding its geographic reach and market presence. For Larkin Hospitality, the agreement suggests a strategic decision to entrust the operational management of a portion of its portfolio to a specialized third-party operator, a common practice in the hospitality industry aimed at optimizing asset value and guest experience.