With our personnel acting as advisors, Prestige Hospitality Group can extend its hand to ownership groups in the following areas: Operations, Business Planning, Capital Expenditure Planning, Market Analysis (including demand and competition), Franchise Selection and Selection of a Property Management System.

Prestige Hospitality Group sets and maintains careful procedures and controls in all departments within each hotel. A comprehensive analysis of payroll expenditures is done to minimize lost dollars due to overstaffing or understaffing. Effective preventive maintenance and scheduled deep cleaning defers capital expenditures while creating the best atmosphere for your hotel guests. Because rate maximization through yield management is paramount, a careful analysis is performed regarding the rate structure of the hotel.

ACCOUNTING

Prestige Hospitality Group provides centralized Accounting Services for all hotel clients allowing for substantial savings at the property level. This brings lower administrative payroll costs to the hotel and more accurate and informative financial information. Our accounting department provides timely financial information for each hotel, which allows the ownership to monitor the hotel operations.

Full operating budgets are created and carefully monitored to ensure
profitability. Ownership receives monthly reports consisting of a look
at the property's performance: past, present and projected. The hotel
is visited on a regular basis for inspections and consultations with
management personnel on hotel operations including marketing and the
review of items discussed during previous visits.

VALUE

Prestige Hospitality Group adds value to individual properties by making informed recommendations to improve the physical property, provide more consistent service levels, increase revenues and control expenses.
Simply put: a professionally managed hotel increases the overall value/worth of the property. A successful Sales and Marketing effort can be the difference between a marginally profitable hotel and a highly profitable one. All Prestige Hospitality Group hotels have a Strategic Business Plan that includes a Sales & Marketing plan. The Sales & Marketing plan is a working document that is reviewed regularly and adjusted as changes occur in the marketplace.

Prestige Hospitality Group
90 State Street, Suite 1411
Albany, NY 12211
P (518) 463-1191 , F (518) 344-1222
www.prestigehospitality.com