Editorial Board   Guest Author

Mr. Sims

Andrew M. Sims

Chief Executive Officer, Sotherly Hotels

Andrew M. Sims is chief executive officer and chairman of the board of Sotherly Hotels Inc., a position he has held since leading the company’s initial public offering in 2004 as MHI Hospitality Corporation. Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, up-branding, and repositioning of upscale and upper-upscale full-service hotels in the Southern United States. The company’s portfolio currently consists of investments in 12 hotel properties comprising 3,011 rooms. Before his tenure at Sotherly Hotels, Mr. Sims served as vice president of finance and development of MHI Hotels Services for seven years before serving as the company’s president for nine years. During his time with MHI Hotels Services, he was instrumental to the purchase and renovation of several properties, including but not limited to the Hilton Wilmington Riverside in Wilmington, North Carolina, and the Shell Island Resort in Wrightsville Beach, North Carolina – driving the company’s significant growth throughout the 1990s. Mr. Sims is a graduate of Washington and Lee University, from which he holds a bachelor’s degree in commerce. He currently serves as a director for Chesapeake Hospitality and previously served on the Franchise Advisory Board for Hilton Hotels. He resides in Williamsburg, Virginia, where he is involved in his local community as a former trustee and basketball coach for Walsingham Academy. Mr. Sims’ work with Sotherly Hotels continues a family tradition in the hospitality industry that began with his father, Edgar Sims, Jr., over a half-century ago. Edgar Sims founded Maryland Hospitality Inc., later known as MHI Hotels Services, in 1957 with the purchase of the Royal Pine Motel in Columbia, Maryland. Please visit http://www.sotherlyhotels.com for more information.

Mr. Sims can be contacted at 757-229-5648 or andrewsims@sotherlyhotels.com

Coming up in May 2018...

Eco-Friendly Practices: The Greening of Your Bottom Line

There are strong moral and ethical reasons why a hotel should incorporate eco-friendly practices into their business but it is also becoming abundantly clear that “going green” can dramatically improve a hotel's bottom line. When energy-saving measures are introduced - fluorescent bulbs, ceiling fans, linen cards, lights out cards, motion sensors for all public spaces, and energy management systems - energy bills are substantially reduced. When water-saving equipment is introduced - low-flow showerheads, low-flow toilets, waterless urinals, and serving water only on request in restaurants - water bills are also considerably reduced. Waste hauling is another major expense which can be lowered through recycling efforts and by avoiding wastefully-packaged products. Vendors can be asked to deliver products in minimal wrapping, and to deliver products one day, and pick up the packaging materials the next day - generating substantial savings. In addition, renewable sources of energy (solar, geothermal, wind, etc.) have substantially improved the economics of using alternative energies at the property level. There are other compelling reasons to initiate sustainability practices in their operation. Being green means guests and staff are healthier, which can lead to an increase in staff retention, as well as increased business from health conscious guests. Also, sooner or later, all properties will be sold, and green hotels will command a higher price due to its energy efficiencies. Finally, some hotels qualify for tax credits, subsidies and rebates from local, regional and federal governments for the eco-friendly investments they've made in their hotels. The May issue of the Hotel Business Review will document how some hotels are integrating sustainable practices into their operations and how their hotels are benefiting from them.