Triangle Management implements well-defined, effective centralized controls that provide top-notch corporate services yet promote flexibility and encourage employees to develop innovative solutions.
The company's MIS systems monitor hotel level performance in such areas as room yields utilization, labor and cash management, expense variances and other items on a daily and weekly basis. We provide centralized corporate support services and other programs in accounting, payroll, data processing, interior design, sales, marketing and advertising, and vendor purchases, but empower hotel general managers to vary from such initiatives as appropriate.
Triangle Hospitality Group has been aiding prospective hotel purchasers determine if the purchase price is based on "real" numbers. In order to build a trailing twelve month profit and loss statement, the company sends a team to the property and conducts a complete operations and accounting audit. Irregularities or adjustments to the numbers provided by the sellers are reported to the buyer with detailed backup. This service is also available to lending institutions who may be suspicious of or do not understand the results being reported by the mortgager.
Operating Strategy
