Third Party Management Services

Operations
TPI's unique, field-based operations team allows for more consistent and precise communication that ensures that each property in the organization is focused- from an owner's perspective- on creating exceptional results.  The Operations team consists of seven specialized individuals who work closely with the on-property management teams.  This type of hands on management creates an efficient and effective relationship that enables our teams to manage each property as if it were their own.  This strategy allows us to provide industry leading results for third-party management partners.

Sales & Marketing
Sales and Marketing is a critical part of TPI's results-oriented culture.  Through the expert support of our Vice President of Sales and Marketing, our hotel locations consistently command a much higher than average portion of the local market share.  We seek out and recruit top sales professionals in each marketplace and aggressively promote the hotels through strong client relationships, community involvement and unique marketing strategies.  The commitment to work closely with each of our on-property Sales associates and continually develop their skills has allowed TPI to unleash a unique and effective marketing strategy in each of our markets.

Administrative Support
Precise handling of administrative tasks is essential to keeping a third-party management partner in tune with the hotel's current productivity.  TPI employs state-of-the-art data collection tools that provide timely and accurate information.  The Administrative team, lead by our Senior Vice President of Administrations, provides strong internal support to each location, including effective Human Resources strategies that minimize risk at each individual location.  This support allows each hotel to receive centralized accounting services and closely monitors the hotels to assure that uniform procedures are being executed.  By providing this type of administrative support, we are confident that our third-party management partners will remain informed with up-to-the-minute performance reports.

Revenue Management
Revenue Management is a key component to the success of each hotel location.  Our management teams work hard to improve RevPar penetration and drive continual growth in their market share.  TPI’s Director of Revenue Management works closely with each of the management teams to create a cooperative effort that provides a unique and effective plan to build revenues.  This relationship, teamed with state-of-the-art tools that measure our performance, allows our hotel locations to utilize rate, inventory, supply and demand as well as ever-changing market conditions to transform our objectives into a winning strategy.

Training and Associate Development
Training and development is an essential part of improving the value of our assets as well as Revenue Management is a key component to the success of each hotel location.  Our management teams work hard to improve RevPar penetration and drive continual growth in their market share.  TPI’s Director of Revenue Management works closely with each of the management teams to create a cooperative effort that provides a unique and effective plan to build revenues.  This relationship, teamed with state-of-the-art tools that measure our performance, allows our hotel locations to utilize rate, inventory, supply and demand as well as ever-changing market conditions to transform our objectives into a winning strategy.

Facility Maintenance
Maintaining a facility in optimal operating condition is an essential part of returning maximum value to an owner.  TPI provides an experienced and efficient maintenance team lead by our Vice President of Facility Maintenance. Consistent execution of in-house maintenance systems assures that each location is operated at top efficiency.  This commitment to ongoing maintenance provides confidence that the facility is not only being operated properly today, but for many years to come.  TPI works closely with the ownership group to determine the most effective use of capital expense funds.  We are determined to assure that the physical plant is maintained in a manner that places the hotel in a superior position of the marketplace.

Receivership Situations
TPI understands that a hotel receiver can have a significant impact on the operation and value of a hotel.  Being an effective hotel receiver requires thorough knowledge of the hotel industry and the understanding that each hotel is a unique operating business requiring its own unique receivership strategy.  TPI can utilize our extensive hotel experience in operations, transactional work, and ownership to provide hotel receivership services that secure and stabilize the hotel while maximizing its value.  We are prepared to take immediate possession of the hotel, handle all related bank accounts, and oversee management to ensure the hotel is operating soundly on a day-to-day basis.