Veridea’s Hotel Division develops and manages properties located in Michigan and the Rocky Mountain West.
Our hotels consistently operate in the upper percentages of the lodging industry in terms of revenue share, guest satisfaction and operating profits. Veridea focuses on developing and managing properties in strong regional markets, focusing primarily on limited service and extended stay properties. We manage properties for both our own account as well as for third parties.
Our hotel development services encompass the full spectrum of the development, design and construction process:
- Opportunity identification and market research
- Site selection
- Project feasibility
- Entitlement securing
- Franchise selection and negotiation
- Capital structure and sourcing
- Project management during design and construction phases,
Veridea’s hotel management services deliver strong results due to their extensive use of proprietary operating systems and procedures that exceed industry standards. These systems and procedures are combined with creating a culture of success and ownership among the staff at each hotel. Specific management services include executive management, revenue management, sales and marketing, operating procedures, manager training and development, property maintenance & improvements, accounting, financial reporting, and human resources. Our management clients have ranged from third party investors to financial institutions holding foreclosed properties.
Our hotels and associates have received numerous accolades over the years. For example, the Country Inn & Suites Marquette was recognized as best Carlson hotel worldwide in 2010. Several employees have been recognized by Travel Michigan as best in the State. Our Helena, Montana Residence Inn has been recognized by Marriott with its Platinum award numerous times for its exceptional guest service. To become a member of the Veridea hospitality team, please apply here.
Veridea is expanding its hotel portfolio today through ground up construction, acquisitions, and third-party management contracts. Contact Charlie Holsworth, Veridea’s Vice President of Hospitality, to discuss how our plans and services might benefit you.