Financial & Accounting
Pennbridge Lodging has a cohesive finance and accounting department. Our systems are automated for efficiencies that provide real-time financial reporting. Centralized services for processing of accounts payable and other support services are activated at our corporate office. Timely cash flow and financial statements are generated to our stakeholders.
We conduct monthly and quarterly financial analysis of each hotel’s performance against annual budgets. Daily reports and other systems are frequently reviewed for enhancement with the latest technology solutions.
Our accounting team uses the latest M3 accounting software to ensure each hotel retains full access to the critical information needed to support sound decision-making.
Human Resources
Pennbridge Lodging is very proud of our reputation of promoting from within. Providing opportunity is a cornerstone of our growth. We also believe in recruiting and training the best of the best. We empower our team members through on-going training, motivation and a strong support network of experienced managers. Our open-door policy is more than a policy, it is a way of our business life. There are no obstacles or barriers for our team members to overcome on the way to reach their goals. We take great pride in our culture and appreciate the entrepreneurial spirit of those who work with us.
Pre-Opening
A hotel’s success is not measured by a beautiful building and impressive furnishings. A solid, profitable foundation is built through a commitment to operational success, strategic communication, solid branding, and an experienced passionate team.
Depending on the type and size of the hotel, pre-opening phase can last from 12 to 18 months for large and medium-sized hotels. During this phase, Pennbridge Lodging has the experience and expertise to orchestrate a successful launch including; planning and scheduling, financial and IT systems set-up, establishing service standards, creating a sales and marketing plan, staff selection and training, development of various policies and procedures, and selecting and purchasing FF&E (furniture, fixtures and equipment).
Revenue Management
Our team of seasoned revenue management experts, including brand revenue management support, assist our property teams to ensure sound yield management strategies are developed, and tactical plans are implemented. Additionally, we work to train and cultivate the skills of our General Managers relative to pricing, positioning and optimizing revenue generation opportunities in each respective market.
Sales & Marketing
We believe in a local approach to Sales and Marketing with each property having a dedicated Director of Sales and Marketing. We are focused on achieving market share leadership and growth through a consistent and measured approach. By utilizing common procedures and processes and sharing best practices, our on-property sales teams collectively strive to meet and exceed our stakeholders expectations.