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 Habitat for Humanity Big Benefactor
of Hotel Renovations

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Gulfport, Mississippi June 14, 2004 - Want to know what to do with the furniture, fixtures and equipment from your most recent renovation? Encore Enterprises, Inc. just might have a great solution. “We did not want to simply discard all of the old items or try and sell them at an auction. We knew there were other options and we explored many of them. We finally settled on donating the items to Habitat for Humanity and other qualified local charitable organizations,” said Bharat Sangani, M.D., Chairman of Encore Enterprises, Inc.  “The Fairfield Inn by Marriott Brand has had a long standing relationship with Habitat for Humanity. We wanted to ensure that people, who truly needed these items, would have a vehicle and an opportunity to put them to good use. We also wanted to have an impact in the community in which we operate our hotels. For us, this was a perfect way to accomplish all of our goals.” 

“The Encore team has worked very hard to try and come up with a way to give something back to the communities that we are located in.  This surely is a way that gives the less fortunate something that they can really use on a day to day basis.  We are proud to be able to do this with such a good cause like Habitat for Humanity,” said Patrick J. Barber, President and CEO of Encore Enterprises, Inc.

Dr. Sangani, Chairman and Founder of Encore Enterprises, Inc said, “The response we have received from Habitat for Humanity and other local charities has been outstanding. We have not only made our guests happy with all of the new furniture, fixtures and equipment we have installed in our hotels, we have found a way to help others and that in itself is a win for all concerned.”
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What is Habitat for Humanity International?

Habitat for Humanity International is a nonprofit, ecumenical Christian housing ministry. HFHI seeks to eliminate poverty housing and homelessness from the world, and to make decent shelter a matter of conscience and action.

Habitat invites people of all backgrounds, races and religions to build houses together in partnership with families in need.

Habitat has built more than 150,000 houses around the world, providing more than 750,000 people in more than 3,000 communities with safe, decent, affordable shelter. HFHI was founded in 1976 by Millard Fuller along with his wife Linda.

How does it work?

Through volunteer labor and donations of money and materials, Habitat builds and rehabilitates simple, decent houses with the help of the homeowner (partner) families. Habitat houses are sold to partner families at no profit, financed with affordable, no-interest loans. The homeowners' monthly mortgage payments are used to build still more Habitat houses.

Habitat is not a giveaway program. In addition to a down payment and the monthly mortgage payments, homeowners invest hundreds of hours of their own labor -- sweat equity -- into building their Habitat house and the houses of others. 

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The items that were donated included: sleeper sofas, breakfast room tables and chairs, guestroom desks and chairs, guestroom artwork, love seats, lampshades, guestroom recliners, and floor lamps.  “Habitat for Humanity uses donations of building material in Habitat House Construction and what can not be used in construction is sold by Habitat ReStore. There are over 250 similar stores in North America. The Habitat ReStore sells building material, furniture and appliances to the public at discounted prices. 100% of our inventory of both new and used material is donated and all profits are recycled back into Habitat to help expand the building program,” said Courtney Lemoine Habitat for Humanity’s ReStore Director. 

Encore Enterprises also plans on using this type of a vehicle for the remaining four hotel renovations they will perform this year and two more next year. Encore Enterprises recently purchased a Ramada Ltd. in Grapevine, Texas at DFW Airport.  The hotel was immediately closed down and an $800,000 dollar renovation has begun. Once completed, the hotel will re-open as a Fairfield Inn and Suites by Marriott. Arrangements were made thru the Grapevine Convention and Visitors Bureau with four local charities to receive all of the items from the renovation.  These charities are: Second Glance (a program for battered women), Grace Community Store (local charitable organization for the Grapevine area) Metro Crest Social Services (a United Way affiliate) and East Side Ministries (an organization that supports the Ft. Worth area).

About the company:
In December of 2001 Encore Enterprises purchased Pineapple Management Services and 11 Marriott hotels. In less than 2 years the company has grown to 18 hotels in 8 Southeastern States and is poised to continue to increase the size of their portfolio over the next 12-24 months.  Senior management has over 267 years of combined hotel experience and has developed over 3.5 billion dollars of real estate.  Encore now has 420 employees and continues to identify development and acquisition opportunities that fit into its growth matrix. Pineapple Management Services in 2002 was ranked one of the top 100 Management Companies in the United Sates as ranked by Hotel Business Magazine. Encore Enterprises, Inc. was founded in 1999 by the company’s chairman, Dr. Bharat H. Sangani. 


 
 
Contact:
Patrick J. Barber
President/CEO
  Encore Enterprises, Inc.
(228) 323-3659 
pbarber@encore.bz
www.encore.bz
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Also See: Marriott’s Company Wide Commitment to Helping Others Gaining Momentum / May 2000
Encore Enterprises Acquires Four Marriots Properties for $18M; Pineapple Management Services Assigned Management Contracts / February 2004


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