Third Party Management - Island Hospitality

FPG calls on an affiliate, Island Hospitality, ranked among the 15 largest independent hotel operators in the country, when it requires the services of a top-quality hotel management company.  Island Hospitality is a third-party independent manager that is approved to operate all of FPGs premium hotel brands.

Island Hospitality currently operates some 80 hotels nationwide and employs more than 3,000 associates, including over 40 corporate employees and eight regional managers, to provide superior guest service and strong investment returns.  This arrangement gives FPG the freedom and flexibility to select the best available brand for each location, rather than rely on third-party hotel management or franchisees.  Equally importantly Island’s presence in most major markets around the country allows for FPG to identify target markets and conduct Due Diligence quickly by obtaining market and feasibility studies from Island. The company’s fully integrated platform provides the following comprehensive hotel management services:

  • Sales & Marketing Support - Develops and implements strategic direct sales & marketing programs that effectively position hotel in the marketplace and achieve superior market share;
  • Revenue and Yield Management Capabilities – Maximizes RevPAR by developing and implementing  yield management strategies that monitor pricing, positioning and optimize revenue and maximize profitability in each respective market;
  • Accounting & Financial Reporting - Generates and maintains in-depth reports on every aspect of a hotels’ operations, which enables management to make timely and informed decisions based on factual information;
  • Human Resources – Recruits top talent and provides on-going training, motivation and support with an emphasis on rewarding positive results and instilling an entrepreneurial spirit in all management personnel;
  • Operational Systems - Provides customized programs that enable informed decision-making by providing financial and operational statistics and analysis to identify undesirable trends early in the process and further enhance RevPAR and guest satisfaction;
  • Preventive Maintenance - Implements preventive maintenance programs to maximize life expectancy of capital assets and avoid out-of-service rooms; and
  • Purchasing - Secures reduced rates on commodities supplies, products and insurance through the economies of scale available to a company with a large hotel portfolio.

More information can be found at the company website www.islandhospitality.com

COURTYARD BY MARRIOTT - UPSCALE SELECT SERVICE
ATLANTIC CITY, NJ

HAMPTON INN – LIMITED SERVICE
DOWNTOWN LOUISVILLE, KY

RESIDENCE INN – EXTENDED STAY
MISSION VALLEY - SAN DIEGO, CALIFORNIA

RESIDENCE INN – EXTENDED STAY
SADDLE RIVER, NEW JERSEY

RESIDENCE INN – EXTENDED STAY VIENNA
TYSONS CORNER - VIENNA, VIRGINIA

WESTIN GOVERNOR MORRIS – FULL SERVICE
MORRISTOWN, NEW JERSEY