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

Essex Hotel Management significantly expands its operational footprint within the select-service hospitality segment, adding six operating hotels and 600 rooms to its management portfolio through a new agreement with Larkin Hospitality. This partnership structure allows Essex to immediately scale its managed capacity by 54.5%, growing from an implied 1,100 rooms to 1,700 rooms across its diverse portfolio. The commercial logic for Essex centers on rapid, asset-light growth, leveraging its over 30 years of management experience to integrate these properties located in Saratoga Springs, New England. For Larkin Hospitality, the arrangement likely optimizes resource allocation, enabling them to retain ownership of the hospitality assets while potentially re-focusing internal efforts on new acquisitions or development projects, aligning with their specialization in acquiring, developing, and operating assets. This announced deal, dated 2026-03-06, allows Essex to deepen its presence in New England with 600 additional operating rooms, while Larkin Hospitality streamlines its operational focus. Essex Hotel Management, a company with over 30 years of experience managing a diverse portfolio from full-service resorts to select-service properties, leverages this agreement to substantially grow its select-service footprint. The addition of these 600 rooms in Saratoga Springs directly aligns with Essex's established expertise in managing varied hospitality assets. Larkin Hospitality, specializing in acquiring, developing, and operating hospitality assets across full-service, select-service, and extended-stay segments, benefits by entrusting the day-to-day management of these six select-service hotels to a specialized third party. This allows Larkin to potentially concentrate its internal management resources on its other asset classes or on its core acquisition and development pipeline, rather than on the operational oversight of these specific 600 rooms. The partnership structure enables Essex to expand its management revenue streams and Larkin to refine its asset management focus within the competitive New England hospitality market.