Company Research Report: J&P Hospitality Management
Company Overview
Name
J&P Hospitality Management
Mission of the Company
J&P's Mission is to maximize profits for property owners and create opportunities for J&P employees by providing an excellent guest experience at the lowest possible cost, with a spirit of partnership.
Founding Information
- Founded: 2017
- Founder: Jim Overman
Key People in the Company
- Jim Overman: President and Founder
- Steve Folden: Chief People Officer
- Maggie Fernandez: Chief Administrative Officer
- Brent Hilton: Chief Operating Officer
- Eric Chance: Chief Accounting Officer
- Steve McFarlane: Vice President Facilities and Operations
Headquarters
- Location: Cleveland, Ohio
- Address: PO Box 29111, Cleveland, Ohio 44129
Number of Employees
No information is available.
Revenue of the Company
No specific revenue figure is provided, but it is noted that the company achieved revenue growth in 2020 when the hospitality industry experienced a downturn.
Known For
J&P Hospitality Management is known for combining the best of humanity and automation to manage extended stay hotels. They focus on maximizing flow-through, minimizing operating costs, and optimizing return on investment.
Products
Product Offerings
J&P Hospitality Management offers a range of services and management solutions, including:
Full-Service Hospitality Management
- Description: Oversees management of extended stay hotel brands and traditional hospitality management for a variety of hotel brands.
- Key Features:
- Asset management
- Revenue management strategies
- Training and development programs
- Full-service accounting
- Performance improvement and consulting
Extended Stay Hospitality Management
- Description: Specializes in the full-service management of extended stay hotel brands.
- Key Features:
- Over 100 locations managed
- Expertise in economy to midscale, extended and transient brands
Revenue Management
- Description: Provides pricing and distribution strategies to maximize performance and revenue.
Training & Development
- Description: Hands-on leadership training at J&P Training facilities, focusing on proprietary programs to maximize efficiency and performance.
Full-Service Accounting
- Description: Offers comprehensive financial support, including booking, tax preparation, analysis, and advisory.
Performance Improvement
- Description: Focuses on obtaining the best return on investment and ensuring long-term success.
Consulting
- Description: Tailors processes and procedures to fit each property in their local market.
Asset Management
- Description: Includes acquiring, maintaining, and trading investments to increase value.
Opening Services
- Description: Covers all needs for site analysis, financial planning, hiring, and training during openings.
Rebranding and Project Management
- Description: Oversee hotel rebranding, renovations, and the launch of new brands, along with critical capital expenditure to drive growth.
Recent Developments
Recent Company Developments
- In 2020, J&P Hospitality Management achieved revenue growth despite the broader hospitality industry experiencing a downturn.
- By 2021, J&P's revenue grew 38% from 2019 levels, indicating strong recovery and growth.
New Products Launched
No information is available.
New Features Added
No information is available.
Partnerships
J&P maintains excellent relationships with a wide network of talented consultants and 20 brands, which enhances their service offerings and operational efficiency. No specific recent partnerships are detailed.
This report provides insight into J&P Hospitality Management's business operations, key personnel, and service offerings. The information about their leadership, innovative strategies, and substantial industry growth illustrates their strong market position in the hospitality management sphere.
