Editorial Board   Guest Author

Mr. Bailey

John Bailey

Chief Financial Officer, Prism Hotels & Resorts

John Bailey is the Chief Financial Officer (CFO) with Prism Hotels & Resorts, an award-winning, full-service hotel management, investment and advisory services company. As Prism's CFO, Mr. Bailey leads the various financial management functions of Prism's management and investment business, including risk management, legal, and receivership administration.

Mr. Bailey's professional responsibilities also include providing valuable support for Prism's new business development team, serving as a court-appointed restructuring officer for high profile bankruptcies, and serving in a leadership capacity as the chair of Prism's investment committee.

Prior to joining Prism, Mr. Bailey served as the Senior Vice President/Chief Accounting Officer for ClubCorp, Inc., a position where he was responsible for the accounting, financial planning and analysis, and human resources functions for the world's largest owner/operator of private golf and business clubs. He has also served as the Senior Vice President/Chief Financial Officer for HQ Global Workplaces, Inc., and as the Director of Finance and Vice President/Corporate Controller and Chief Accounting Officer for Bristol Hotels & Resorts.

With more than four decades of high-level accounting experience at a range of different positions in the industry, Mr. Bailey brings a rare combination of perspective and hands-on experiences to his work at Prism. His insight, expertise, and deep understanding of the financial contours and complexities of the hospitality sector are an invaluable asset to the organization.

A certified public accountant, Mr. Bailey graduated from Texas Tech University in 1979, where he earned a degree a Bachelor of Business Administration (BBA) in accounting.

Please visit http://www.prismhotels.com for more information.

Linkedin Profile: https://www.linkedin.com/in/john-bailey-ab326911/

Mr. Bailey can be contacted at +1 214-987-9300 or john.bailey@prismhotels.com

Coming up in May 2020...

Eco-Friendly Practices: Creative Innovation

Being eco-friendly is no longer a fad. It is an urgent planetary need and hotels are actively doing their part to reduce their carbon footprint by implementing sustainable, green practices. In addition to the goodwill derived from doing the right thing, hotels are also realizing the benefits to their business. A large percentage of Millennials expect hotels to be eco-friendly and will only patronize those properties that are proudly conforming. Consequently, more hotels are realizing that sustainability is a key element in a successful branding strategy. In addition, going green can lead to a more profitable bottom line, as savings on electricity, water and cleaning materials can add up. Also, there are other advantages that come with being an eco-friendly business, such as government subsidies and tax and loan incentives. As a result, many hotels are finding innovative ways to integrate eco-friendly practices into their business. Geo-thermal energy systems, along with energy-from-waste systems, are being used to heat and cool the property. Passive solar panels, green roofs, natural lighting and natural ventilation strategies also assist in energy conservation. Low-flow water systems and plumbing fixtures make a contribution, as does eco-friendly hardwood flooring, and energy efficient televisions and appliances throughout the property. In addition, some hotels have implemented in-room recycling programs, and only provide all-natural, personal care items. One hotel has actually constructed a bee-keeping operation on their grounds. Not only is this good for the bees but the hotel also produces products from the operation which they sell. This kind of creative innovation also holds enormous appeal to guests. The May issue of the Hotel Business Review will document what some hotels are doing to integrate sustainable practices into their operations and how they are benefiting from them.