March 12, 2017
Natchitoches, LA. (March 2018): Dimension Development achieves a historic milestone by being named the Management Company of the Year by Apple Hospitality REIT for exceptional hotel management in 2017. Competing against fifteen other eligible management companies, this honor is reserved for the management company that achieves top results based on Apple Hospitality REIT’s balanced scorecard. Operating performance is measured against preset targets using the following metrics: gross operating profit, flow through, RevPAR index, guest satisfaction scores and forecasting accuracy.
“Achieving the top position in our management company rankings is not an easy task and we would like to congratulate the Dimension team for their commitment to maximizing the performance of the hotels they manage for us. We very much appreciate our longstanding relationship,” said Krissy Gathright, Executive Vice President and Chief Operating Office for Apple Hospitality REIT.
“This award represents the incredible ability of our hotel teams and the results we are able to produce for our owners. We look forward to continued success and collaboration with Apple Hospitality REIT,” said Tim Horton, Executive Vice President of Operations for Dimension Development.
Dimension Development operates twenty-four properties and seven brands across the country for Apple Hospitality REIT. The portfolio group includes: Courtyard by Marriott®, Fairfield Inn by Marriott®, Springhill Suites by Marriott®, Residence Inn by Marriott®, Homewood Suites by Hilton®, Hampton Inn by Hilton® and Hilton Garden Inn®. They are represented in markets that include: Los Angeles, CA; Sacramento, CA; San Diego, CA; Seattle, WA; Fresno, CA; Miami, FL; Mahwah, NJ; Denver, CO; and Provo, UT.