Overview
Newport Hospitality Group (NHG) is a prominent hotel management company, headquartered in Williamsburg, Virginia, with a focus on managing both select and full-service hotels. NHG boasts a diverse portfolio of over 50 hotels across 18 states, partnering with top brand names like Hilton, Marriott, Hyatt, IHG, Choice, and Wyndham, as well as independent boutique hotels. The company is committed to enhancing owner returns and creating outstanding guest experiences, underscored by its focus on building customer loyalty as a success metric. NHG has witnessed significant growth, with a 50% higher revenue increase compared to its peers since 2005, showcasing its superior management strategies and property optimization efforts. For more detailed information, access their [website](https://nhghotels.com).
Leadership Team
Key Figures
- Michael Pleninger: Founder and Chairman, with over 50 years in hotel management, co-founded NHG in 1990 after 20 years in the industry.
- Andrew Carey: Chief Executive Officer, overseeing operations and focusing on delivering memorable guest experiences and fostering meaningful careers.
- Gib Carey: Board Member, providing enduring support since the company's inception.
- Wayne West III: President and COO, with over 40 years in the industry, guides NHG's diverse portfolio to ensure optimal hotel performance.
- Brendan McCoy: Senior Vice President & COO, elevated from Banquet Houseman to SVP/COO within 13 years, known for strategies enhancing guest experiences.
- Whitney Altizer: Senior Vice President & Chief Commercial Officer, with more than 18 years in marketing, sales, and revenue management, drives innovation in commercial strategies.
- Nancy Nunn: Chief Financial Officer, managing financial operations and strategic financial planning.
- Sheri Rountree: Vice President of Capital Projects, overseeing renovations and construction projects.
- Shawn Wallick: Vice President & Chief Development Officer, joined in 2022, specializes in capital development and third-party management.
- Lizz Chambers: Vice President of People Services, with over 40 years in hospitality management, recognized among the Top 50 Women Leaders of Virginia in 2022.
- Warren Coore: Vice President of Operations, with over 15 years at NHG, focuses on building high-performing teams, noted as General Manager of the Year in 2011.
Competitor Profiling
Newport Hospitality Group contends with several competitors in the hospitality management industry:
1. Springwood Hospitality: Known for managing award-winning Hilton and Marriott branded hotels, generating $56.4 million in revenue. They focus on high cash flow and diversification, attractive to high-net-worth investors.
2. Alliance Hospitality Management: Offers comprehensive hotel and restaurant management services from Raleigh, NC, integrating services throughout the project lifecycle from conception to performance review.
3. Larry Blumberg & Associates (LBA Hospitality): Based in Dothan, Alabama, with over 40 years of experience in hotel development and management, prioritizing superior guest experiences and operational excellence.
4. IDM Hospitality Management: Specializes in developing and managing independent, boutique hotels for personalized traveler experiences with strategies unique to local markets out of Madison, Wisconsin.
5. Pinnacle Hospitality: Focuses on hotel acquisition, management, and development, primarily in the Coastal Region, offering comprehensive lifecycle services from conception to execution.
Financial Metrics
- Annual Revenue of NHG: $80.7 million, denoting substantial operational magnitude within the hospitality industry.
- Employee Base: NHG employs 289 personnel, organizing its expansive operations efficiently.
Strategic Positioning
NHG leverages its strategic presence across the eastern United States to maximize operational efficiency and service delivery. The competition from these diverse hospitality management firms requires NHG to adopt a flexible and innovative approach to hospitality management, with an ongoing commitment to improving guest experience and ensuring sustainability in operational performance.
Technology & Innovation
Newport Hospitality Group emphasizes technological advancement and best-practice incorporation to maintain its competitive edge within the hospitality sector. With a focus on personalized service, agile project management, and strategically directed investments, NHG positions itself as a leader in an ever-evolving industry landscape, poised for continuous improvement and elevated market presence.
