ORLANDO, FL (November 9, 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:
- Mandatory Guest service training sessions to all employees
- An upscale buffet in the newly redesigned Bistro
- Opening the Martini Bar with signature Cocktails and a Tapas menu.
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 2010.
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,” said Manzie.
STR Global provides 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 resort management experience.
For more information on how Paramount Hospitality Management can help you improve resort operation and hotel bottom line, contact Marco Manzie at 321-329-4054 or visit http://www.ParamountHospitality.com.
Paramount Hospitality Management, LLC
Marco Manzie, 321-329-4054
SOURCE: Paramount Hospitality Management, LLC