| Management Philosophy
Marketing
Hotel marketing is more than a few standard, tried and true sales
techniques. At HVS/American Hospitality Management Company we
begin by taking the time to understand the unique environment in
which each hotel operates. Specific marketing strategies are devised
and then translated into a detailed plan of action. The thoroughness
of our marketing plan process translates into an efficient and
effective marketing effort.
We understand that implementing a hotel's marketing strategy means
much more than telling salespeople what to do. It also means
impressing upon the entire staff the importance of customer service
because a satisfied customer is the best marketing tool available.
The market plan is monitored regularly to make sure it is executed
as planned. Many functions are coordinated centrally in order to
allow the hotel’s staff to focus on those things only they can do at
the local level.
Accounting
We believe accounting serves a purpose beyond presenting the
historical financial position of a hotel. Timely accounting
information, properly presented, is information that management can
use to improve future performance and compare income and expenses to
past performance and future goals.
The Uniform System of Accounts, endorsed by the American Hotel and
Lodging Association, is used to present financial information.
Additionally, statistics that are useful in analyzing the financial
statements are included. Full supplementary schedules and any backup
documentation is available to the owner at any time. We will assist
client asset managers in the preparation of their internal reports.
Accounting data is processed using an offsite Application Service
Provide (ASP) over the internet. This enables our hotels to input
daily revenue and statistical data while accounts payable is
processed regularly. The end result is that managers, owners and
corporate staff can review financial data on line at any time over
the internet using a web browser.
Using our ASP accounting is accomplished using the most advantageous
arrangement for the hotel. We can either perform all of the
accounting, from disbursements to statement processing, at our
corporate office or decentralize any portion of the process to the
hotel level. At HVS/American Hospitality Management Company, tight
internal and cash controls, combined with strong manager
responsibility, are key to maximizing profitability.
Maintenance and Energy Management
Maintenance is a key to maximizing guest satisfaction and the
hotel's economic life. Maintenance is primarily preventive;
therefore we make every effort to schedule it.
Energy management is carefully monitored by reviewing the hotel's
expenses, and, where necessary, by direct meter readings. To
minimize expenses, energy suppliers are consulted on a regular basis
to insure that full advantage is being taken of all programs and all
economically viable technology. Guest satisfaction is always a
consideration in energy management decisions.
Food and Beverage
A hotel restaurant should do more than provide food to hotel guests.
It should attract attention to the hotel, introduce potential guests
to the hotel's high quality of service and make a profit. To make
this happen we stress CREATIVITY, QUALITY and CONSISTENCY. These
same principles apply to liquor outlets, room service and banquet
areas.
Creativity means making sure our restaurants and lounges meet the
needs of our potential customer. Each hotel has a unique location,
target market and local culture that can and should be integrated
into the hotel's outlets.
The people we hire, the products we purchase and the service we
provide express quality. We select our employees carefully and
provide rigorous training and supervision. Quality products are used
in our restaurants and lounges because we demand them and we train
our employees to find them.
Consistency is what makes a good restaurant notable. We attain it by
placing the proper procedures and systems into the restaurant and by
recruiting and training people who are competent and caring
Personnel
We accomplish our goals through the people who are employed in the
hotels we manage. Maximizing each employee's potential as an
individual and as a team member is a key to maximizing the
profitability of each hotel.
We design and implement employee bonus programs and support
continuing education programs for all of our employees. These and
other programs give hotels managed by HVS/American Hospitality
Management Company distinct advantages in recruiting and retaining
employees.
In order to recruit and retain qualified professionals, we adhere to
four standards of personnel management:
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Creative recruiting and careful selection
of all employees.
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Thorough job training and careful
orientation to the work environment.
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Quality leadership, including timely
feedback and a balance of positive and negative incentives.
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Employee involvement in planning and
implementation of hotel's programs.
We use the Educational Institute as a
foundation for training programs and where applicable require that
all staff be certified by them including line level staff such as
Room Attendants and Guest Service Agents.
We have proprietary orientation materials to help insure that each
new employee starts with a sound foundation and connection to the
property where they work. As part of that orientation we insist each
employee and, if they wish, their family, spend a night in the
hotel. We also budget and spend $15 per employee per month on
employee activities in the belief that employees value having a
relationship and a sense of family with their co-workers.
Hotel Brands
Hotel brand names can be a big part of the marketing of any type of
lodging property. One must either be purchased through a franchise
license agreement or membership or created in the case of
independent, non-affiliated properties.
A brand helps provide an identity and a sense
of consistency. When a brand is purchased the hotel’s owner and
operator are agreeing to a set of standards, both physical and
operationally they feel will enhance the revenues of the property.
When a brand is created the same issues apply, however the brand
identity is tailored to the unique features of the property and may
be created to serve the hotel in long or short term. In either case
they must be consistently applied, pay attention to detail, follow
the guests’ experience (sight, physical and service experience) and
build a theme, even if it is contrived. The brand is the foundation
of all marketing, including advertising.
Having managed hotels of all types and sizes we have a variety of
experience working with many different hotel franchises and in
creating brands for independent hotels for long or short term use.
Additionally, Mr. Payne’s involvement with the American Hotel &
Lodging Association as 2002 Chairman has broadened connections to
individuals that work in various positions and levels of most major
hotel companies.
Sale of Hotel
In cases where the hotel is for sale, we will work closely with the
owner and the brokers to facilitate the sale and the closing. This
includes working with the owner and the selected broker to decide
where to spend available capital so that the hotel shows well, and
executing other ideas presented by the broker and approved by the
owner.
Staff, management in particular, are carefully trained on what they
can and cannot say or give to prospective buyers as we are mindful
we may be perceived as agents of the seller and representations made
by staff may be wrong or misinterpreted.
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