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Potomac Hospitality Services |
1660 L Street, NW
Suite 600
Washington, DC 20036 |
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Company Description |
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Since 1976, Potomac Hospitality Services has become a regional leader in hospitality management, providing full management services, construction management and renovation services. Industry-wide, our sustained success has earned us a prominence far out of proportion with our organizational size. Our success has been a result of never losing focus on the key to success: People.
Our portfolio contains unique independent properties that range from extended-stay to full-service, all-suite hotels. We believe in hiring top general managers who can run the business as though it were theirs. They must have a passion for customer service, employee-oriented and a constant eye on quality and the bottom line.
Performance based incentive plans cover all key management positions. Annual pay-outs range from 8-15% of salary. We prefer to promote from within and we have managers who have been with the company ten to twenty years. |
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Company Statistics |
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| Year founded | 1976 |
| Number of employees | 275 |
| Computer software | Visual One |
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Property Portfolio |
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| Types of properties we operate |
All Suite, Extended Stay |
| Types of locations |
Major Cities |
| Properties are located in |
Pennsylvania, Virginia, Washington D.C. |
- We are owners and operators with equity in 4 properties.
- We operate a total of 5 properties.
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Company Characteristics |
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| Capital Allocation | The company annually allocates capital dollars to all properties. |
| Accounting | Decentralized. |
| Reporting Requirements | We are very entrepreneurial and give our properties broad direction and then let them operate with a minimum of reporting. (Less than 3 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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