Hospitality Management Corporation to Manage Missouri’s D’Monaco Luxury Resort

USA, Dallas, Texas. May 27, 2019

Leo Spriggs, President and CEO of Hospitality Management Corporation (HMC), is pleased to share the addition of this 55-unit D'Monaco Luxury Resort, to their portfolio of managed properties. HMC continues its ongoing business expansion which is made up of full service, conference center, select service and limited service hotels. HMC is one of the country's largest third-party privately held hotel management companies, ranked in the top 40 of all third party and owner operated hotel management corporations.

The luxurious accommodations at the D'Monaco are unique, as no two villas are alike. Each offers an exquisitely furnished living area opening to guests' own private veranda overlooking Table Rock Lake (three units also offer private hot tubs). All villas have master suites with king size beds, beautifully appointed bathrooms with walk-in showers and the kitchens are state of the art and fully equipped. Visitors can request the resort's personal shopper to pre-stock the kitchen with anything prior to check-in. The villas range from 1,900 to 3,700 sq. ft with spacious and gated landscaped grounds to provide the utmost in privacy.

Other amenities include a restaurant & full bar with outdoor seating, lake shore, private docks, sand sunning area, cliff side fire pits, kayaks and paddle boards, watercraft rentals, outdoor pool (seasonal), swim up Tiki Bar (seasonal), personal washer & dryer in each villa, free Wi-Fi, masseuse, concierge service, room service, & LIVE entertainment.

"The D'Monaco is a truly elegant property that is nestled on a cliff overlooking beautiful Table Rock Lake facing the scenic Ozark Mountains. The villas offer every amenity for a romantic getaway and we are delighted to be bringing HMC's expertise to elevate service even further. We also look forward to the completion of Phase II sister property, a 170-room resort hotel to be completed in 2021," said Gerald Morris, Vice President of Operations.

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Revenue Management: Focus On Profit

Revenue Management is still a relatively new profession within hotel operations and as such, it continues to evolve. One significant trend in this area is a shift away from using revenue as the foundation to generate key performance indicators (KPIs) and to instead place the emphasis on profit. Traditionally, revenue managers have relied on total revenue per available room (TrevPAR) and revenue per available room (RevPAR) as the basis of their KPIs. Now, some revenue managers are using gross operating profit per available room (GOPPAR) as their primary KPI. This puts profit at the center of revenue management strategy, and managers are increasingly searching for new ways to increase the profitability of their hotels. Return on Investment is the objective of any hotel investment, so it is only logical that profitability and ROI will be emphasized going forward. Another trend is an expanded focus on direct hotel bookings. Revenue managers know that one way to increase profitability is to steer guests away from online travel agencies (OTAs) and book directly with the hotel. This tactic also reinforces brand identity and loyalty, and encourages repeat business. In addition, it provides a valuable platform to market the hotel directly to the customer, and to upsell room upgrades or other services to them. Another trend for revenue managers involves automation in their software programs. Revenue management systems with automation are far more desirable than those without it. Automating data entry and logistics increases efficiency, allowing managers to spend more time on formulating strategy. As a bonus, an automated system helps with aggregating and interpreting data. The October issue of the Hotel Business Review will address these developments and document how some leading hotels are executing their revenue management strategies.