News for the Hospitality Executive
(May 29, 2013) Raleigh, NC—Alliance Hospitality, the Raleigh, NC based hospitality management company, has shown phenomenal growth in their first quarter.
Alliance Hospitality has continued its strong focus on the financial goals of their hotel owners and investment partners, and that commitment propelled their portfolio of hotels ahead of the competition. Their priorities continue to be the best in providing superior customer service, driving market share/top line growth, growing GOP and developing leaders. These items are part of Alliance’s balanced scorecard approach and how they measure success against the industry. These financial results and commitment to partnering with great owners allowed Alliance to continue their first quarter overall growth in 2013.
According to data released by Smith Travel Research, Alliance Hospitality’s revenue per available room increased 5.8% percent compared to last year, soundly surpassing the Competitive Set as a portfolio for Quarter 1 2013. Year to Date through April the growth continues with Alliance Hospitality revenue per available room increasing 8.9% over last year and 6.7% over the Competitive Set as a portfolio. The majority of the growth was fueled by strategic positioning of rates with Alliance teams and Revenue Management in a strong Occupancy Demand quarter. This allowed Alliance as an organization to control expenses, drive market share and flow much stronger GOP results. Alliance contributed a phenomenal NOI growth of 36% more than this time in 2012.
Along with Alliance's strong top and bottom line growth, they have recently partnered with Otis and Clark properties to oversee four Marriott Select Service Properties in St. Louis, MO as asset managers and recently added a Choice property in Christiansburg, VA, all in their first quarter.
'We’re excited to have such great success in Quarter 1 with our financial deliverables and even more excited about the continued growth of our portfolio with great partners," said CEO Rolf Tweeten.
Alliance has a great pipeline for continued growth in Quarter 2, and the company is in a great position to add additional assets quickly.
For more information please call (919) 791-1801 or visit www.alliancehospitality.com.
Alliance Hospitality is an innovative next-generation hospitality management company, headquartered in Raleigh, North Carolina. Alliance was founded in 2003 to manage lodging assets for institutional investment groups, individual owners and lenders. Alliance Hospitality is one of only 10 management firms approved to manage a Marriott hotel. The company provides value by developing the highest caliber hospitality professionals, and through implementing proprietary tools and unique processes to create a comprehensive hospitality management system. The Alliance portfolio of full-service, extended stay, all-suite, and select service hotels includes 20+ hotels with 2,400+ rooms in 8 states, operating under agreements with Marriott, Hilton, IHG, Choice, and Starwood as well as Independent hotels.
M-Squared Public Relations
Hospitality Beats Industry Benchmarks with Impressive Q3 Financial
Results; The portfolio of Alliance Hospitality managed hotels
significantly exceeded both the U.S. market average and local
competitors in annual revenue growth for the period. / October 2012
Prompts Alliance Hospitality Move to New Headquarters in Downtown
Raleigh; Top hospitality management company, Alliance Hospitality,
positions for growth with expanded offices in downtown Raleigh. /
Hospitality Surpasses Industry Expectations with Fiscal Performance
Released in 2011 Financial Results; Portfolio of Alliance Hospitality
managed hotels surpasses results of competitors with 19.8 percent
higher growth in revenue per available room for the year and exceeds
U.S. Average RevPAR Growth by 18.3 percent. / January 2012
Hospitality to Manage the 156-suite Comfort Suites Atlanta Downtown
Convention Center in Georgia / January 2012
Hospitality to Manage the 110-room Hilton Garden Inn Kankakee in
Illinois / November 2011
Hospitality Inc. Purchases the 64-room Best Western Plus Franklin Park
Suites - Polaris in Columbus, Ohio / October 2011
Hospitality Chosen to Manage the 142-room Hilton Garden Inn Shreveport
in Louisiana / August 2011
and Alliance Hospitality Open the New 104-room Holiday Inn Express in
Columbus, Ohio / August 2011
|IHG to Open Newly Renovated 87-room Holiday Inn Express Medical District in Springfield, Missouri Owned by JKD, Inc. and Managed by Rolling Oaks Hospitality; Property will Showcase Features of the Brand's Worldwide Relaunch Program / August 2011|
Hospitality Names Steve Huey as Director of Sales at the Doubletree by
Hilton Dallas Market Center in Texas / July 2011
|Luckey’s Management, Inc and IHG Complete Renovation and Re-Launch Project for the New 77-suite Holiday Inn Express Fort Lauderdale Airport-West, formerly the Comfort Suites, in Davie, Florida / July 2011|
|Jayson's LTD and IHG Open the 104-key New-build Holiday Inn Express San Antonio NW Near SeaWorld in Texas / June 2011|
|Pinnacle Hospitality Partners & IHG Open the Holiday Inn Express Nashville West I-40/Whitebridge Rd, Formerly the Baymont Inn, Following $1.5 million Enhancement / June 2011|
|Best Rest Management and IHG Open the 123-room Holiday Inn Express San Diego Airport - Old Town Following a $2 million Conversion / June 2011|
Hospitality Management Names Barry Shatoff of Hilton Garden Inn New
York General Manager of the Year and Stacey McGee of Hilton Garden Inn
Atlanta North/Alpharetta Director of Sales of the Year / March 2011
LLC Selects Alliance Hospitality Management to Operate the 156-room
Clarion Hotel and the 65-room Holiday Inn Express in Kalamazoo,
Michigan / February 2011
|D&D Lodging Selects Alliance Hospitality to Operate its Hilton Garden Inn in O’Fallon, Illinois / April 2010|