Presidian’s management approach is unique in the hospitality industry in the way that we take a strategic approach to drive immediate performance improvement at any property we take over and the fact that we structure our third party management contracts to allow termination without any fee after one year.
Our strategic expertise drives an extensive research and custom planning process designed to have an immediate impact on revenue optimization, expense reduction and an exceptional lodging experience for our guests in the initial 90 days of operations. The needs and objectives of the owner, an in-depth evaluation of the property team and processes, as well as expert market research are all foundational elements of the critical path created for each hotel’s short and long-term objectives.
Presidian’s management results are unparalleled. Presidian averages 120-130% RevPAR Index across our hotel properties, which is unparalleled in the Hotel Management Industry. Our recipe for success focuses on four key areas:
- 90-day plan - We build a 90-day critical-path plan tailored to the needs of the property with checkpoints to ensure timely completion.
- Revenue Maximization - We aspire to have the highest RevPAR index in the market, training our sales staff to use every sales lever available.
- Expense Reduction - We know best-in-class cost ratios. If a cost is out of line, then we pin-point the issue and develop strategies to improve.
- Reporting - We provide Owners direct access to daily flash reports and monthly performance reports that contain detailed past and future narratives regarding the property.
Presidian is an approved operator for all major US brands, with a 20-year track record of premium performance and returns for select service, full service and upper-upscale properties, but the company reputation as the premier custom management company in the hospitality industry is driven by the company’s values and the custom approach to each property under its care. Why Owners choose Presidian to manage their hotels:
- Custom Strategic Planning - For every new property we draft a 90-day critical-path plan tailored to the individual needs of the property with checkpoints to ensure timely completion.
- Flexible Terms - We will only ask an Owner to commit to a 1-year term and a fee structure that ties Presidian’s compensation to performance. If we don’t perform then we don’t get paid.
- Mindset of an Owner - As an Owner ourselves, we know how important it is to trust that your investment is in good hands. We will manage your property as if it is our own.
- Proven Leadership - Our senior leadership team (see Meet Our Team page) is comprised of seasoned experts in Strategy, Finance and Hotel Operations. They will be directly involved in customizing a plan for your hotel and overseeing execution to achieve market-leading results.
- Expertise Across All Disciplines - Using the fitting metaphor of a hotel, Presidian is full-service in every respect. Accounting, HR, Finance, Cash Management, Sales, Purchasing, Operations, F&B, Engineering, Development, Owner Communication, Revenue Management. You name it, we have it.
- Established Relationships With Major Flags - We have long-standing relationships with all top-tier brands, particularly with Marriott, Hilton, Starwood and IHG.
- Transparency - Transparency is critical for establishing long-term trusting relationships. At Presidian, we take great pride in keeping Owners fully informed about their hotel(s) so that we can work together to develop improvement initiatives. Data drives decision making.