Paramount Hospitality successfully turns around distressed property in Orlando.Orlando, FL, October 29, 2010 -- Orlando's Paramount Hospitality Management, LLC – http://www.ParamountHospitality.com -- has seen tremendous gains in occupancy and revenue since taking over the management of The Point Orlando – http://www.ThePointOrlando.com.The recent "STAR" report, created by STR Global, documented an outstanding increase in Revenue per Available Room (REVPAR), versus others in the area and in its competitive set. Paramount Hospitality Management took over management of the condo hotel, The Point Orlando Resort, in September, 2009. At that time, the hotel had suffered from low occupancy, low Average Daily Rate and low guest rating scores. Immediately, Marco Manzie, President of Paramount Hospitality Management, took action, leading his executive team to focus operations, service and management employees, literally over night. The first steps in the improvement included:
The STAR report shows, year to date, REVPAR (Revenue per Available Room) has increased 25.2% YTD. In September, they achieved 105.8 REVPAR Index against the Competitive set of hotels, and 110 REVPAR Index versus the Greater Orlando hotel market. The Point Orlando exceeded revenue budget in September, 2010, and is projected to exceed revenue budgets through the end of 2010. Plus, guest review scores, as reported in TripAdvisor, have risen into the top 10, no small feat in a market as competitive as Orlando. Under the leadership of Marco Manzie, President of Paramount Hospitality Management, LLC, the organization has continued to grow Paramount Hospitality Management, and is well positioned to further expand its roster of resorts currently being managed. Currently, these include Floridays Resort Orlando -- http://www.FloridaysResortOrlando.com – and The Point Resort – http://www.ThePointOrlando.com. "We are thrilled with this month's STAR Report. It's a great affirmation of the success we've seen, as we have monitored The Point's progress over the past year. We have an outstanding team in place, who can quickly identify the areas of resort management weakness, and implement solutions immediately, with great results. We always operate with a high level of ethics, integrity, respect for all, and never compromise the guests' expectations," said Manzie. While other resort management companies have struggled in the recent economic turndown, Paramount Hospitality Management has flourished, and is well positioned to add a few, select resorts to its list. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. About Paramount Hospitality Management: Paramount Hospitality Management is a full-service management organization for hotels, resorts, condo-hotels, vacation ownership and a combination of mixed-use. Its Executive Team consists of Hospitality Industry veterans with more than 150 years of combined hotel and resort management experience. Their cohesive skills and expertise in operations, revenue management and marketing were acquired during years of respective tenure at some of the most prestigious and recognized brands in the business. The Company applies the strictest traditional hotel operating standards in both full-service and mixed-use properties, which include the highest level of guest service, establishing the criteria that would eventually become the Gold Crown standard in the hospitality industry. For more information on how Paramount Hospitality Management can help you improve your resort operation and hotel bottom line, contact Marco Manzie at 321-329-4054 or visit http://www.ParamountHospitality.com . Paramount Hospitality Mangagement would like to hear from you. Please contact us and we will get back to you soon! Important contacts: Address:
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