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Hospitality Ventures |
PO Box 943
Newport Beach, CA 92661 |
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Company Description |
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| We are a small, entreprenurial company which owns and operates 3 properties with over 350 rooms in the western US. We have been in business for 5 years and anticipate growing to more than 20 properites in the next 3-5 years. Our senior management team has a combined 100+ years in the hospitality industry. |
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Company Statistics |
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| Year founded | 1995 |
| Number of employees | 110 |
| Computer software | Microsoft |
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Property Portfolio |
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| Types of properties we operate |
Hotel |
| Types of locations |
Airports, Small Towns |
| Franchise affiliations | 1 Best Western
1 Park Inn
1 Independent
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| Properties are located in |
California, Nevada |
- We are owners and operators with equity in 2 properties.
- We operate a total of 3 properties.
- We manage properties for others, with management contracts on 1 properties.
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Company Characteristics |
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| Capital Allocation | The company annually allocates capital dollars to all properties. |
| Accounting | Partially centralized. |
| Reporting Requirements | We provide properties a reasonable degree of autonomy while providing overall leadership and direction. (Less than 10 hours of reporting requirements per month.) |
- The company is very sound financially.
- We are adding additional properties to the portfolio every year.
- We have a strong track record of promoting people based on performance, results, and willingness to relocate.
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