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Archive for the 'Bannerot Banter' Category

New website launched

Please find our new website at Bannerot. We will update this blog for industry news and firm announcements so check back periodically. Thank you!

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Travel to and within the United States grew 2.2 percent year over year in October, according to the U.S. Travel Association’s latest Travel Trends Index

WASHINGTON, D.C. — Travel to and within the United States grew 2.2 percent year over year in October, according to the U.S. Travel Association’s latest Travel Trends Index (TTI). Domestic business travel declined 1.6 percent and underperformed its six-month trend (0.8 percent). U.S. Travel economists note that historically, business travel declines in advance of leisure [...]

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Remington Hotels Names New CEO to Support Third-Party Management Growth

Dallas – Following the November 6, 2019, acquisition of Remington Hotels by Ashford Inc., Remington today announced several changes to its organizational structure, including the promotion of key leaders and the expansion of its executive team to support its anticipated growth into the third-party management space. Remington promoted Sloan Dean from chief operating officer to [...]

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Trump Org Considers Selling Landmark Washington Hotel

The Trump Organization says it will consider offers to buy out the 60-year lease on the Trump International HotelTrump International HotelTrump International Hotel, which since opening in late 2016 has become a magnet for lobbyists and diplomats looking to gain favor with the administration. “People are objecting to us making so much money on the [...]

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Completion news: Remington Chief Investment Officer Jarrad Evans

We are pleased to have assisted Remington in the recruitment of Jarrad Evans as Chief Investment Officer. Remington Hotels, operating 88 branded or independent properties generating revenue of $1B+, is one of the largest hotel management companies in the United States. In 2019 Ashford, Inc. acquired the Remington Holdings’ hotel management business, privately held by [...]

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CFO Retirements Climb as Good Times Roll On

CFOs are retiring at the fastest pace in at least a decade—a generational changing of the guard that experts put down to factors including the increasing complexity of the role and the booming stock market. Many CFOs leaving the role are simply reaching retirement age. Others point to new pressure from expanding job descriptions, which [...]

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Finance Chiefs Still Struggling to Hire Skilled Personnel

Acquiring qualified workers in a tight labor market, relying more on recruitment firms to assist in the process, and spending additional money retaining consultants equipped to tackle special projects have been some of the concerns facing chief financial officers in recent years. CFOs have found it particularly difficult to find qualified applicants with both financial- [...]

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G6 Hospitality CEO Rob Palleschi on Defining and Sticking To Basics

As G6 Hospitality CEO Rob Palleschi told LODGING, taking over the top job at the parent company of Motel 6 and Studio 6 after the retirement of Jim Amorosia last year was initially daunting. “Following an industry legend like Jim was nerve-wracking, but with the counsel and cooperation of fantastic partner owners, an amazing executive [...]

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Ashford To Acquire Remington’s Hotel Management Business for $275 Million

Ashford Inc. today announced that it has signed a definitive agreement to acquire the hotel management business of privately-held Remington Holdings, LP. The transaction, which is expected to close sometime in the fourth quarter of 2019, is subject to approval by the company’s stockholders, the receipt of an acceptable Private Letter Ruling (PLR) from the [...]

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NPS the inventor astonished that NPS determines bonuses and performance indicator. “That’s completely bogus”

Much of Corporate America is obsessed with its net promoter score, or NPS, a measure of customer satisfaction that has developed a cultlike following among CEOs in recent years. Unlike profits or sales, which are measured and audited, NPS is usually calculated from a one-question survey that companies often administer themselves. Last year, “net promoter” [...]

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I’ve always found him to be the consummate professional. He works very hard to understand the client’s need and has an expansive network which allows him to execute against the strategy.  Larry is ethical beyond reproach and understands how to gently nudge the process forward and across the finish line.
Bill Upshaw, President Lodging and Residential, TPI Hospitality
“I highly recommend Larry Mendez and Bannerot Partners. In the search work that Larry did for us, he was able to identify high caliber candidates in a relatively short time span. We were pleased with the professionalism of the process and the final outcome. “
Bob Joyce, EVP Human Resources, Extended Stay America
In early 2013, we engaged Larry Mendez at Bannerot Partners to conduct a search for a chief operating officer for our company, Supertel Hospitality – a publicly traded REIT located in Omaha, Nebraska. I was familiar with Larry through his work in the hotel industry, and our Board of Directors endorsed the assignment. Larry was incredibly thorough, communicative, and effective throughout the process. In the end, we hired a very qualified candidate that fit our culture perfectly.
Mr. Kelly Walters, CEOSupertel Hospitality