OUR EXPERTISE
RECEIVERSHIP AND TURNAROUND SPECIALISTS
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- Legal Compliance with a Team of Experts
- Strategic Road Map Planning, Maximizing Asset Value & ROI
- Track Record of Growing & Developing Assets
- Portfolio that Performs Top of Competition Set Across Markets
- Data Driven Benchmark Measures
- Comprehensive Financial Analysis
- Nimble & Thorough Contract Negotiation
DISPOSITION SPECIALISTS
- Access to a Deep Pool of Financiers & Buyers
- Contextualized Understanding of Operational Needs
- In-depth Market Analysis
- Effective Cost Reduction Measures
- Streamlining Operations
- Financial Risk Mitigation Measures
OPERATIONS
- Brand Compliance & Training
- Productivity & Labor Reports
- Implementing Standard Operating Procedures
- Coordination of Service Agreements & Licenses
- Guest Satisfaction Monitoring & Analysis
- Profit & Loss Review
- Preventive Maintenance Program
- Leadership Training on Property
ACCOUNTING
- Strategic Planning & Forecasting
- Data Driven Financial Analysis Plans
- Operating & Capital Budgets
- Adhoc Reporting
- Daily Accounting Operations
- Financial Audits, Tactical Cost & Expense Management
- Expert Financial Advisory Services & Consultancy
FOOD & BEVERAGE SERVICES
- Locally Inspired Design Work
- Local Food Sourcing when Possible
- Staff Recruitment
- Hands-On Oversight of Daily Operations
- Implementation of Policies, Procedures & Training for all Staff
- Lease Procurement & Comprehensive Maintenance of Facilities & Equipment
- Design & Supervision of Construction Projects
- Curated Menu Development, Tasting & Training.
- Evaluation & Negotiation of Purchasing Contracts to Enhance Value of Individual Locations
SALES & MARKETING
- In Depth Market Analysis
- Strategic Marketing Partnerships
- Expertise in Social Media Management
- Prospecting Tools & Administration Process
- Niche Marketing
- Direct Partnerships with all Brands to Ensure Maximization of all Sales Programs
PROCUREMENT & PURCHASING
- Inventory Analysis
- Sourcing
- Centralized Processes & Workflows
- Contract Negotiation
- Contract Management
- Use of Entegra Procurement Platform
- FF&E Cost Analysis & Ordering
PIP & RENOVATIONS
- ADA Remediation
- Construction Management
- FF&E Installation
- Fire & Safety Upgrades
- Fulltime On-Site Supervision
- HVAC & Mechanical Systems
- Kitchen, Bar & Restaurant
- Model Room Installation
- Punchlist Execution
- Room & Lobby Renovations
- Subcontractor Management
- Conference Center Remodeling
REVENUE OPTIMIZATION
- Predictive Modeling
- Manage Multiple Distribution Channels
- Tailored Rate Strategy
- Forecasting Development
- Mapping & Reporting
- Rate Monitoring
- Market Analysis
RISK MANAGEMENT
- Preemptive Property Walkthroughs
- Preventative Maintenance Checks
- Quality Control Assessments
- Financial Health Audits
- Life Safety Training
- Fire Safety Training
- Preventive Legal Liability Screening
- Credit Risk Analysis
- Thorough Insurance analysis
HUMAN RESOURCES
- Job Design Analysis
- Compensation & Benefits
- Talent Management
- HR Related Compliance
- Professional Development & Training
- Employee Engagement & Communications
- Labor Relations
RECEIVERSHIP AND TURNAROUND SPECIALISTS
Palette Hotels Developments Hotel Management Group provides a seamless start to finish approach to hotel receivership. Our Management team comes with decades of collective experience, punctuated with a track record of success in turning around distressed properties. We deploy high level strategy with a tactical operational approach to ensure results that lenders are looking for. We accomplish this with aggressive sales and marketing, a controlled methodology of bringing expenses in line and with a myriad of corporate relationships. We at Palette Hotels Developments – Hospitality Management Company, know how to stop the hemorrhaging of a distressed property, stewarding the asset to stabilization and profitability within record time.
DISPOSITION SPECIALISTS
Palette Hotels believes in establishing win-win outcomes for owners and lenders. With a solidly established expertise in handling the intricacies of CMBS loans, foreclosures, and forbearances, we find attractive options that are mutually beneficial for both lenders and owners. We know that making the decision to dispose of a property can be painstaking, that is why we ferry you through the entire process, ultimately finding the right buyer and the best deal. We believe that transactions are not just financial but also personal, so we promise the utmost integrity and transparency. We provide access to our long standing and deeply established networks, including brokerage communities, lending institutions, private equity groups, high net worth individuals, and family offices. This means Palette Hotels Developments – Hospitality Management Company will bring you ample and quality disposition opportunities that you can feel good about.
OPERATIONS
At Palette Hotels, we recognize that all of our assets require total commitment from every associate. That’s why the ‘taking ownership’ mentality is a cornerstone of our culture. Our associates are part of our ownership team. We all work together on equal footing as operational investment partners. Our philosophy of collective stewardship of our assets produces the robust results that sets us apart from other hotel management companies.
ACCOUNTING
Our Hotel Management Company accounting experts provide digestible and transparent reporting that you can easily access. We have controllers designated to each property around the clock. With our accounting team there is no guesswork or bulky reporting systems. We provide a clear and seamless process that both owners and operators can easily interpret and utilize in order to make up to date and informed decisions, ensuring the best results when it comes to your bottom line.
FOOD & BEVERAGE SERVICES
At Palette Hotels – Hospitality Management Company we know that food is a celebration and it is the most endearing time to bring people together We have dreamed up and delivered full sensory dining experiences from paintbrush to palate. Our F & B teams deliver first class culinary experiences to our patrons and profitability to our investors. A win-win situation that is not an industry anomaly for us but our norm. Dining with Palette Hotels makes for great conversations at our tables and in our communities.
SALES & MARKETING
At Palette Hotels, we don’t hire “salespeople”; we hire people that understand the importance of fostering meaningful connections and relationships. Our connections are built through aggressive grassroots sales campaigning and consistent e-commerce maximization. We work hand in hand with our brand partners as well as local bureaus, chambers & communities at large. Individuals, businesses and groups come back year after year because we know our people and they trust us. We build real relationships, not perfect, but as close as we can get.
PROCUREMENT & PURCHASING
At Palette Hotels, we provide cost savings due to our economies of scale. With a burgeoning portfolio of well over forty properties, the savings we achieve means a greater return on investment. Whether it is a new build, daily operations, services or renovations, we directly negotiate pricing with our service partners to guarantee unequaled pricing.
PIP & RENOVATIONS
At Palette Hotels, our team is comprised of highly diverse and talented Individuals whose goal is to ensure value for our investors through all aspects of renovations and or Property Improvement Plans. Our objective is to complete each project within budgeted costs while orchestrating an uninterrupted and pleasurable guest experience. We accomplish both while delivering the highest quality.
REVENUE OPTIMIZATION
Our Revenue Management team utilizes a multifaceted approach to optimize the amount of revenue generated while keeping our fixed cost low. We use the latest data and technology to forecast revenue models while maintaining a nimble approach to making adjustments based on spontaneity of demand drivers. Ultimately, we approach revenue by selling each room to the right customer at the right time at the right price. In order to do this effectively we have insightful teams that consistently monitor rates.
RISK MANAGEMENT
At Palette Hotels we live by the adage that an ounce of prevention is worth a pound of cure. That’s why we employ frequent risk management measures including; preemptive property walkthroughs, preventative maintenance checks, quality control assessments, financial health audits and employee “health” checks. We also incorporate best in class training including; health and wellness, fire safety, life safety, and professional development. We believe a well prepared team knows how to prevent fires instead of putting them out.
HUMAN RESOURCES
At Palette Hotels – Hospitality Management Company we believe in a simple equation that drives our philosophy and culture; Our people + Pursuit of Excellence = Success. We value each teammate from every department. We search for individuals that have a passion for the industry and the desire to learn and grow. At Palette Hotels we offer our staff members not just a job, but a pathway to progress and a career with us through our tailored professional development, meaningful incentives and a full spectrum of benefits.