First Hospitality

First Hospitality is a nationally recognized hospitality development and management company, established in 1985 and headquartered in Chicago, Illinois.

Over the past four decades, the company has expanded its portfolio to include more than 70 independent and branded properties across the United States. This encompasses over 10,000 keys and employs approximately 3,500 associates.

Services Offered

First Hospitality provides a comprehensive suite of services tailored to meet the diverse needs of property owners and investors:

• Hotel Management: full-service hotel management focusing on top-line revenue growth and bottom-line results. Their ownership mentality and operational platform enable sophisticated, full-cycle execution.
• Restaurant & Bar Operations: conceptualizing, constructing, and managing award-winning restaurants and bars, whether casual or fine dining. Each experience is treated as an independent operation requiring a tailored approach.
• Hotel Development: specializing in new builds, renovations, and repositioning strategies. The company streamlines hotel operations and manages uncertainties to bring properties to life.
• Investment Management: supported by its affiliate partner, First Investors, offering data-driven investment management strategies with a history of strong returns.
• Hospitality Consulting: nearly 40 years of industry experience to help partners organize operations and stay on track.

Recent Growth and Expansion

In 2023, First Hospitality experienced significant growth, increasing its hotels and restaurants under management by nearly 40%.

The company expanded into new markets, including California, Texas, Florida, and other southern states, while continuing to strengthen its footprint in the Midwest.

This expansion brought its diverse portfolio to more than 70 properties, with over 10,000 keys and 3,500 associates.

Company Culture and Recognition

First Hospitality is committed to fostering a people-first culture, recognized by Fortune in 2023 as a Great Place To Work.

The company boasts a turnover rate of less than 10%, well below the industry average.

Locations

First Hospitality operates properties in various locations across the United States, including:

• Toledo, OH, USA: manages the Hilton Garden Inn in Toledo.
• Oklahoma City, OK, USA: expanded into Oklahoma with a new property under development.