McKibbon Hospitality

What McKibbon Hospitality does

McKibbon Hospitality is a privately held, family-owned hotel management, development, and investment company headquartered in Tampa, Florida. Founded in 1926 as a Piggly Wiggly franchise and pivoting into hospitality after World War II, the company operates across four generations of family leadership with non-family executives now in CEO (Randy Hassen) and President (Bruce Baerwalde) roles. Its core business is full-service third-party hotel management for franchised properties under Marriott, Hilton, Hyatt, IHG, and Kimpton, supported by in-house capabilities across revenue management, sales and marketing, eCommerce, procurement, engineering, HR, F&B, and pre-opening services delivered by a single integrated team rather than outsourced vendors.

The company's service stack is organized into three operating arms: hotel management (97 franchised hotels across 46 destinations and 20 brands with 2,000+ associates), investments and asset management (McKibbon Equities and McKibbon Income Fund I with $743M AUM and $1B+ in developed assets), and food & beverage concept development (6 independent restaurant and bar concepts plus 11 vacation rentals). A sister company, McKibbon Places, provides development, renovation, architecture, and hospitality FF&E procurement. The integrated model combines the operator's owner-operator perspective with franchise-brand compliance — co-investing capital alongside ownership partners through the McKibbon Income Fund I and McKibbon Equities vehicles.

Revenue derives from percentage-of-revenue management fees on 97 managed hotels, asset management fees on $743M AUM, equity returns on owned and co-invested hotel real estate, F&B operating revenue, and pre-opening services for new properties. McKibbon earns fees from third-party hotel owners, REITs, family offices, and PE investors, with Nobel Investment Group, Apple Hospitality REIT, and Synovus Bank appearing as named counter-parties on individual transactions. Geographic operations are concentrated in the U.S. Southeast but extend into Florida, the Carolinas, Georgia, Tennessee, the Mid-Atlantic, and as of 2025, The Bahamas. Revenue figures are not publicly disclosed.

Name

McKibbon Hospitality

Legal name

McKibbon Hospitality

Website

https://mckibbon.com

Company type

Private

Founded year

1926

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

McKibbon Hospitality is a privately held, family-owned hotel management and investment company that manages 97 franchised hotels across 20 brands and operates $743M in hospitality AUM, serving third-party hotel owners, REITs, and brand partners across the U.S. Southeast and Bahamas.

Ownership category

akta.pro rank

Product category

Hotel Management Services

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211), Other Traveler Accommodation (72119)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

akta.pro secondary industries

Business & Corporate Full-Service Hotels (THAGAAAE), Boutique Resorts (Small-Scale Resorts) (THAGADAJ), Luxury Villa Property Management & Concierge Services (THAMAEAJ)

Keywords

• Hotel management services
• Hospitality asset management
• Food and beverage operations
• Hotel development
• Revenue management solutions

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Hotel Management Fees: McKibbon earns management fees as a percentage of hotel revenue from operating hotels for third-party ownership groups and brand franchise partners. This is the primary revenue stream from the 97 managed hotels across 46 destinations.
2. Asset Management & Investment Returns: Through McKibbon Equities and McKibbon Income Fund I, the company co-invests in hotel acquisitions and developments and earns asset management fees plus returns on owned equity. $743M in assets under management and $1B+ in developed assets.
3. Food & Beverage Concepts: Independent restaurant and bar concepts (Bargello, District 42, Capella on 9, Nuvole Rooftop TwentyTwo, etc.) operated within managed hotels, generating F&B revenue for the portfolio.
4. Hotel Pre-Opening Services: Fees for setting up new hotel properties before opening day, including sales and marketing setup, operations configuration, and staffing.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

McKibbon Hospitality provides fully integrated third-party hotel management services for franchised Marriott, Hilton, Hyatt, IHG, and Kimpton properties, currently operating 97 hotels across 46 U.S. destinations with over 2,000 associates. Core offerings span hotel operations, revenue management, sales & marketing, eCommerce, procurement, engineering, HR, food & beverage, pre-opening services, and investments/asset management—delivered through a single in-house team rather than outsourced functions.

Product overview

McKibbon Hospitality is a hospitality management and development company offering a comprehensive suite of services across hotel management, food & beverage, and investments/asset management. The company operates 97 managed hotels across 46 destinations and 20 premier brands (Marriott, Hilton, Hyatt, IHG, Kimpton), managing properties from select-service to luxury boutique hotels. Core services include hotel operations management, in-house revenue management, sales & marketing, procurement, engineering, human resources, and pre-opening services. McKibbon also develops independent restaurant and bar concepts (Bargello, District 42, Capella on 9, Nuvole Rooftop TwentyTwo) and offers investment/acquisition services through its equity platform with $743M in assets under management. A sister company, McKibbon Places, provides development and renovation services. The portfolio spans lifestyle hotels (AC Hotel, Kimpton, Moxy), select-service properties (Courtyard, Hampton Inn, Hilton Garden Inn), extended-stay hotels (Residence Inn, Homewood Suites, Home2 Suites), and independent concepts.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Management Services Full-service hotel management for franchised Marriott, Hilton, Hyatt, IHG, and Kimpton hotels covering operations, revenue management, sales & marketing, procurement, engineering, HR, eCommerce, and pre-opening services—delivered through a single integrated team. Operates 97 managed hotels across 46 destinations and 20 brands with over 2,000 associates.
• Food & Beverage Management Independent restaurant and bar concept development including architectural design, menu design, brand strategy, and full operational management for F&B outlets within managed hotels. The portfolio includes 6 restaurants and bars such as Bargello, District 42, Capella on 9, and Nuvole Rooftop TwentyTwo.
• Investments & Asset Management Hotel investment sourcing, underwriting, deal structuring, acquisitions, dispositions, and asset management services delivered through McKibbon Equities and the McKibbon Income Fund I. The arm reports $743M AUM, 73 hotels developed, 53 hotels profitably sold, and $1B+ in developed assets.
• Pre-Opening Services Pre-opening expert services including sales and marketing setup, operations configuration, staffing support, and cultural onboarding for new hotel property launches prior to opening day.
• Vacation Rentals Vacation rental program development and management providing private-residence experiences with brand amenities, convenience, and loyalty rewards integration across 11 properties including Arras Vacation Rentals.
• Development & Renovations (McKibbon Places) Development and renovation services delivered through sister company McKibbon Places, with backgrounds in construction, renovation, architecture, hotel operations, and hospitality FF&E procurement.

Quantifiable outcome

• 80+ hotel development projects completed over 30 years
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Noble Investment GroupcoreStrategic or Co-development Partner · 21 April 2026Noble Investment Group is the owner and developer of Tempo by Hilton Savannah Historic District, a 148-room wellness-focused lifestyle hotel in Savannah, Georgia. McKibbon Hospitality manages the property on behalf of Noble, marking the Tempo by Hilton brand's debut in Georgia. McKibbon has managed multiple Noble-owned properties.
• Cherko Fusco RealtyminorChannel Partner/ Reseller/ Distributor · 28 August 2025Commercial real estate brokerage representing the seller in the SpringHill Suites Tampa Westshore Airport transaction. Cherko Fusco Realty facilitated the sale of the 149-room all-suites hotel to McKibbon Equities.
• Apple Hospitality REITcoreStrategic or Co-development Partner · 28 August 2025Apple Hospitality REIT is a major hotel REIT that engages McKibbon Hospitality to manage properties in its portfolio. McKibbon has received multiple awards from Apple Hospitality including the Masters of Margins Award and was recognized at the 2025 Apple Awards for excellence in hotel management.
• Procure ImpactminorStrategic or Co-development Partner · 22 July 2024McKibbon announced a partnership with Procure Impact, a sustainability-focused procurement platform, as part of its ESG and responsible sourcing strategy.
• McKibbon Hospitality FoundationminorOthersThe McKibbon Hospitality Foundation is an internal charitable giving vehicle that matches associate fundraising dollar-for-dollar and supports non-profits across the communities McKibbon serves.
• Marriott International (Franchise Brands)coreChannel Partner/ Reseller/ DistributorMarriott International grants McKibbon franchise licenses to operate branded properties including AC Hotel, Aloft, Courtyard, Element, Residence Inn, SpringHill Suites, TownePlace Suites, and more. McKibbon is one of Marriott's largest third-party management companies.
• Hilton (Franchise Brands)coreChannel Partner/ Reseller/ DistributorHilton grants McKibbon franchise licenses to operate branded properties including Hampton Inn, Hampton Inn & Suites, Hilton Garden Inn, Home2 Suites, Homewood Suites, Tru by Hilton, and Tempo by Hilton. McKibbon operates the largest dual-branded Tempo/Homewood property in Raleigh, NC.
• Hyatt Hotels Corporation (Franchise Brands)coreChannel Partner/ Reseller/ DistributorHyatt grants McKibbon franchise licenses to operate Hyatt House and Hyatt Place properties. McKibbon manages multiple Hyatt-branded hotels including Hyatt House Tampa Airport Westshore and Hyatt House Chicago/West Loop.
• IHG (Franchise Brands)coreChannel Partner/ Reseller/ DistributorInterContinental Hotels Group (IHG) grants McKibbon licenses to operate Kimpton Hotel Arras (luxury lifestyle) and other IHG-branded properties. McKibbon's Kimpton Arras in Asheville won IHG's inaugural Luxury & Lifestyle Managing Directors Award.
• USF (University of South Florida)minorStrategic or Co-development PartnerMcKibbon has an ongoing partnership with the University of South Florida's hospitality program, including a cooperative learning program and interactive learning experience development. McKibbon leaders mentor and recruit USF students.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Remington Hotels: Third-party hotel management company operating branded and independent properties with Marriott, Hilton, Hyatt, and IHG franchises; strong luxury, lifestyle, and select-service exposure. Direct comparable to McKibbon in operating franchised branded hotels across the same major brands.
• Sage Hospitality Group: Boutique-leaning hotel management, development, and restaurant operator with a portfolio of lifestyle and independent concepts. Comparable to McKibbon's F&B concept development and management of Kimpton, Moxy, and lifestyle brands alongside select-service franchised hotels.
• Highgate Hotels: Major hospitality management, investment, and development company operating hotels and resorts across luxury, lifestyle, and select-service tiers in the US. Comparable to McKibbon's vertically integrated developer-investor-operator model with Marriott, Hilton, IHG, and independent brand exposure.
• Pyramid Hotel Group: Third-party hotel management company operating branded and independent properties across the US, with strengths in select-service and full-service franchised hotels. Comparable to McKibbon in operating franchised Marriott, Hilton, IHG, and Hyatt properties under management contracts.
• Aimbridge Hospitality: Largest third-party hotel management company in North America, operating franchised properties across Marriott, Hilton, Hyatt, IHG, and independent brands under full-service management contracts. Directly comparable to McKibbon's core GTM of acquiring management contracts for third-party owners with multi-brand franchisor relationships.
• White Lodging: Family-influenced third-party hotel management, development, and ownership company operating Marriott, Hilton, and Hyatt franchised properties. Highly comparable to McKibbon's developer-owner-operator model and select-service plus lifestyle brand mix.
• Concord Hospitality: Hotel development, ownership, and third-party management company operating premium-branded properties across Marriott, Hilton, Hyatt, and IHG. McKibbon and Concord both operate as developer-owner-operators with parallel brand portfolios and similar premium select-service plus lifestyle positioning.
• Mainsail Lodging and Development: Boutique hotel development, ownership, and management firm operating lifestyle brands across the Southeast US. Highly comparable to McKibbon's lifestyle brand portfolio (Kimpton, Moxy, AC Hotel) and Florida/Tampa geographic concentration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/wearemckibbon
• YouTubeyoutube.com/channel/UCAgGPF0uZuTU7YGDsxM61Ug
• Facebookfacebook.com/mckibbonhospitality
• LinkedInlinkedin.com/company/mckibbon-hotel-management
• Instagraminstagram.com/mckibbonhospitality

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McKibbon Hospitality