New Management Company to Effectively Manage Hotel Assets

The North Central Group launches North Central Hospitality, its third-party management division

• 
  SAVE
• 
  SHARE
• 
  TEXT SIZE
• 
  PRINT
• 
  COMMENT
• 
  PDF

. January 20, 2011

Middleton, WI - January 19, 2011 - The North Central Group, owners, developers and operators of quality hotels, announced today the launch of North Central Hospitality, its third-party management company created to assist hotel owners and investors in more effectively managing their assets.

With more than 30 years of experience operating nearly 50 of its own hotels during that time, The North Central Group is ready to leverage its strength and expertise to provide other owners with property management solutions. The addition of seasoned hospitality professional Bill Petschonek provides the company with the leadership and focus needed to deliver results to owners of the hotels it manages.

“Our industry has certainly been affected by the downturn in the U.S. economy, and we're hearing more and more from organizations and investors how they're simply not adequately equipped to operate their hotels as effectively as they'd like,” said Dave Lenz, Chairman and Chief Executive Officer of The North Central Group. “We know how to operate hotels from the owners' perspective; we've been doing it since 1981,” he went on to say. Adds Jonathan Bogatay, President and COO, “In the last several years, we've been approached rather frequently by owners asking if we would consider managing their hotels. Up until the last couple of years, we've had so much development activity that we really didn't have the capacity to assist them. As our development pipeline has slowed, as it has industry wide, we're now in a position to deploy our resources and put our management expertise to work for assets outside our portfolio.”

Bill Petschonek, Vice President of Operations for North Central Hospitality, brings more than 20 years of industry experience in operations, sales and marketing to the table. “With The North Central Group's solid operations team and systems; my unique sales and operations experience and track record for getting results; and our collective relationships with brand leaders, lenders, and other industry contacts, North Central Hospitality is well prepared for this new venture,” said Petschonek.

North Central Hospitality offers its clients a wide range of Hotel Management Services in order to effectively manage its assets in this increasingly competitive industry. Services include:

• Staffing, training and motivation of quality team members
  
• Centralized accounting and cost control systems
  
• Design, installation, and training on management systems
  
• Turn-key budgeting process
  
• Expertise in food and beverage operations
  
• Quality control through field audits, inspections, and comprehensive programs
  
• Sales, marketing, and revenue management analysis and plan development
  
• Market analysis and repositioning to improve performance
  
• Technology services
  
• Sustainability initiatives
  
• Renovation, maintenance, and Property Improvement Plan (PIP) execution
  
• Asset management services
  
• Acquisition analysis
  
• Development services

About The North Central Group
Built on enduring principles and an unbridled passion for hospitality and real estate development, The North Central Group is a Middleton, Wisconsin-based developer, owner and operator of “focused-service” hotels. The company currently operates 28 hotels under the Hilton and Marriott franchise brands throughout the United States. To learn more about The North Central Group and North Central Hospitality's offerings, visit call (608) 836-6060 or visit www.ncghotels.com/ManagementServices.

Contact:
Bill Petschonek, Vice President of Operations
The North Central Group / North Central Hospitality, LLC
1600 Aspen Commons, Suite 200, Middleton, WI 53562
(901) 752-8834
[email protected]
www.ncghotels.com/ManagementServices