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Remington Hotels furloughs most associates due to COVID-19
Remington Hotels, the luxury hospitality company with three D.C.-area locations, has furloughed “most all of” the company’s 6,800 associates from its nationwide properties, company CEO and President Sloan Dean III said.
Like other industries—such as restaurants and entertainment—the COVID-19 outbreak has been, and will continue to be, a difficult time for hotels and the entire hospitality industry, said Dean.
"This," he said, "is a disaster."
Remington runs hotels under the brands names Courtyard, Embassy Suites, Fairfield Inn, Hampton Inn, Hilton, Hilton Garden Inn, Homewood Suites, Hyatt Regency, Indigo, Marriott, Renaissance, Residence Inn, Sheraton Hotels & Resorts, Springhill Suites, Tribute Portfolio, and Westin Hotels and Resorts. They also run 13 independent resorts and spas across the country.
Speaking to DC Business Daily, Dean said that his company will lose hundreds of millions in revenue for 2020 because of the COVID-19 crisis.
“Our business will be 90 percent for April, and 75 percent for March,” said Dean. He did not elaborate or explain how many bookings his company had lost due to the outbreak and quarantines. He did say that it would lead to massive losses.
Dean was appointed CEO and President of Remington Hotels on Dec. 2, 2019. He had previously served as the company’s Chief Operating Officer after joining Remington in 2018. He moved to the company from Ashford Inc., where he served Senior V.P. of Revenue Optimization and Underwriting.
In the District and surrounding areas, business restrictions and closures have been put into effect. People are cancelling vacation plans, meaning that they are not staying at area hotels. Cancellations translate to hotels making less money and workers being told to stay home, whether they’ve been exposed to COVID-19 patients or not. And that’s a big concern for D.C. hospitality service workers and the owners of affected companies.
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