McKibbon Hospitality Market Research Report

Company Overview

• Name: McKibbon Hospitality

• Mission of the Company: McKibbon Hospitality aims to create places people love by helping the world's favorite hospitality brands grow their portfolio, profits, and positive impact.

• Founded: The company's origins date back to 1926, with the McKibbon brothers, John, Sr. (Jack) and Marvin McKibbon, starting a Piggly Wiggly grocery store. Later, Jack McKibbon established the company's hospitality roots by developing a motor court in Gainesville, Georgia.

• Key People:

• Joe Taggart, President & Chief Financial Officer, McKibbon Hotel Group

• J.B. McKibbon, IV, President, McKibbon Equities

• Randy Hassen, Chief Executive Officer

• Bruce Baerwalde, President

• Other notable executives include Lynne Prater, Jess Hayden, Lauren Bowles, and Mike Dickey among others.

• Headquartered: No specific headquarters location is provided.

• Number of Employees: More than 2,000 associates.

• Revenue: No information is available.

• Known For: McKibbon Hospitality is known for its award-winning hospitality development and management, operating franchises for major hotel brands like Marriott, Hilton, Hyatt, IHG, and Kimpton, along with independent restaurants and bars.

Products

1. Hotel Management

• Description: McKibbon Hospitality operates numerous franchised hotels for third-party ownership, focusing on operations, revenue management, procurement, and human resources.

• Key Features:

• Efficient and exceptional guest service management.

• Comprehensive revenue management, leveraging technology and market trends.

• High standards in procurement, engineering, and human resources.

• Integrated sales, eCommerce, and marketing strategies.

2. Food & Beverage

• Description: Development of independent restaurant and bar concepts, ensuring enhanced hospitality experiences.

• Key Features:

• Branding and menu design inspired by local communities.

• Sales and marketing to position outlets as trendsetting destinations.

• Full-service design and operational guidance.

3. Investments & Asset Management

• Description: Focused on intentional investing to turn opportunities into community and revenue-generating realities.

• Key Features:

• Proven track record in smart investment identification and assets profitability.

• Services including market research, strategic planning, and project management.

4. Development & Renovations

• Description: Comprehensive hospitality development projects from site selection to operational planning.

• Key Features:

• Diverse experience in hotel development projects.

• Customized market research and strategy sessions for branding and budgeting.

Recent Developments

• New Products Launched:

• Moxy Asheville and Tru By Hilton Wilmington are among the new hotel openings.

• New Features Added:

• Several hotels, including Aloft Tallahassee Downtown and Hilton Garden Inn Gainesville, completed renovations, enhancing guest experiences.

• Partnerships:

• Announced a partnership with Procure Impact to streamline and enhance procurement processes.

Recent Achievements

• Numerous awards have been received, highlighting the company’s excellence in hotel management and individual accomplishments of its team members.

• John McKibbon III was honored at the Hunter Conference, reflecting leadership's influence and contribution to the industry.

Summary

McKibbon Hospitality has established itself as a leading entity in hospitality management, known for operational excellence and innovation. The company’s commitment to community engagement and sustainable growth through partnerships and renovations aligns with its vision to be a signature name in the hospitality industry. Despite the absence of precise financial data, the company’s broad portfolio and strategic initiatives underscore its potential for continued expansion and impact.