'Keeping the Dice Rolling in
Quality Hotel Management'
Relationships are the key to success with this Holiday Inn Express, Las Vegas, NV location.
Location
Las Vegas, NV
Status
Completed
Size
87 Rooms
Hotel Link
Scope of Work
Operations Management
Revenue Management
Overview
The Holiday Inn Express hotel in Nellis Air Force Base/North Las Vegas took a nosedive after the great recession. Fine Hospitality took responsibility of this geographically troubled property and strategically turned profits with our infallible operations and management team.
With so many odds against the success of this property such as location and the adjacent competition of ‘Brand’ new hotel developments, Fine Hospitality began its race by correlating amongst neighboring demand generators. We established relations with the nearby Air Force base, resulting in being the preferred lodging partner amongst military families. Our team also associated ourselves with Nellis Raceway and became the favored choice during their events.
From the recession to now our growth projector did not stop and we were able to rise to over $1,400,000 in cumulative revenue. Through strong relations, the revenue race continues for this bounce-back hotel.
Key Performance Indicators:
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GOP/NOI: $26,563
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ADR: $108
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Occupancy: 75%
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RGI: 7.3 averaged over 3 years.