Chain Restaurant & Hotel Industry Partnership Program:
Most hotel owners and operators consider the running of their hotel restaurant to be a necessary evil, where the operational demands far outweigh the related revenue streams. The Chain Restaurant & Hotel Industry Partnership Program (CHIPP) is a joint venture between HVS Executive Search (HVS) and Franchise Market Ventures, LLC (FMV), and has been created to introduce our portfolio of exclusive restaurant concepts/operators to hotel owner and operators looking to excel in the area of hotel food & beverage.
CHIPP’s two primary initiatives are to:
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Partner our exclusive portfolio of ‘best in class' restaurant brands/operators with hotel operators to secure ideal restaurant solutions.
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Provide best practice recommendations to create a win/win partnership deal structure between our restaurant brand/operators and the hotel community.
CHIPP Benefits:
The current hotel market environment is difficult, with occupancy and average rates falling dramatically, leaving operators even fewer resources to effectively manage non-core services such as their restaurant programs. Here are some ways in which CHIPP can meet such hotel industry challenges:
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Increased hotel guest capture rate and repeat customers.
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Differentiation from competition.
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Hotel restaurant profitability.
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Greater hotel asset value.
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Flexibility by our restaurant brand partners in their operational requirements (eg. conversion cost, exterior entrance, square footage, shared kitchen, breakfast, banquet and room service).
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REVPAR acceleration.
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Knowledge of appropriate deal structures for hotel partnerships.
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No fees, as CHIPP has been retained directly by our restaurant portfolio partners.
Our comprehensive database of hotel and restaurant trend information, coupled with our deep industry operational knowledge, allow us to provide you with cutting edge hotel food & beverage solutions and partnership deal structures that provide for long-term success.