With more than 30 years of experience, LTD has become a hospitality industry leader thanks to its people-first approach to hotel management and development. Our team has managed nearly every segment of the hotel industry including extended stay, up-scale, and full service products.
LTD is unique in that owners of the Company have intimate involvement in the operations of each asset. This dynamic of management with an owner's perspective flows through to the property level so that a culture of operating for profit permeates through the staff at the property level. Properties are managed to maximize four key areas - guest satisfaction, associate satisfaction, revenue and profit, with custom tailored strategies focused on margins, service levels and preventive maintenance of the asset.
The Asset Management Division serves as a road map for identifying opportunities and executing strategies to unlock value and returns for investors through a combination of incremental operating potential, market and rate repositioning, financing, development, and sale of the asset. LTD prides itself on its entrepreneurial and strategic approach to hotel asset management and investment advisory. Critical to our approach is developing a customized hotel investment strategy aligned with our investor goals and objectives.
SALES AND MARKETING
LTD's sales and marketing department follows a common goal throughout the organization; market share growth. Sales leadership is deployed regionally, where our hotels are located, ensuring “boots on the ground coverage,” while offering the unique ability to provide focus and accountability to high impact assets. Our sales and marketing approach is consistent and measured. Although entrepreneurial by nature, the sales division follows common procedures, processes, methods, and goals to run and grow our business. This practice ensures we are consistent in our approach, enabling sales leaders to move from one hotel to another, while also making sure our client's needs are fully met.
LTD provides an industry leading team that is dedicated to consistently delivering increased revenue, profit margins, and market share. Our unique combination of both strategic and tactical expertise will assist hotels in maximizing the properties full potential. The partnership with each hotel is enhanced through our consistent approach and delivery of services which revolve around the fundamentals of pricing, inventory controls, segmentation analysis, forecasting and demand generation. Each hotel has weekly calls to ensure revenue maximization and LTD is committed to staying ahead of the curve through the development of analytical tools to ensure accurate and proactive decisions, while also supporting and leveraging the resources from our brand partners.
FINANCE AND ACCOUNTING
Due to the strength of LTD's reputation and the depth of our relationships with key financial institutions, the finance department is able to secure loans for construction and permanent financing at competitive rates and terms. This allows us to maximize returns to our investors and better position the asset for financial success.
LTD's centralized accounting team embodies the Company's core values of people, relationships and opportunities. The team is in constant communication with hotel managers to maintain the reliability and integrity of financial reporting. Audit teams help to reduce risk by monitoring bad debt and testing internal audit processes in order to make sure each hotel is financially sound. Our accounts payable department consolidates and centrally pays vendors using electronic approvals and scanning systems. And finally, our tax team ensures that not only taxes are filed on time, but calculated with the most recent information available by monitoring state and local government websites.
Working across all divisions of LTD, Legal Services is uniquely qualified to oversee all strategic and tactical legal matters in connection with the operation of LTD's hotel portfolio. We are particularly experienced with respect to the negotiation of management agreements, many involving leading brands known throughout the industry, pre-opening services agreements, and technical services agreements for hotel projects. Additionally, the Legal Services department is responsible for partnering with Human Resources to monitor federal, state, and local employment laws and guidelines for compliance. We also work with our risk management team partners to minimize exposure, while maximizing cost controls in worker’s and unemployment compensation as well as other related expenses. Finally, we work with the finance department to advise as it seeks to secure loans for construction and permanent financing at competitive rates and terms.
LTD's competitive edge is also its most valuable asset, that’s the associate. It is the charge of Human Resources to ensure a career-focused foundation is established, which supports a culture of “A” players. We partner with our associates, hotel operators and owners to maximize this talent, while monitoring federal, state, and local employment laws and guidelines for compliance. Our risk management team partners to minimize exposure, while maximizing cost controls in worker’s and unemployment compensation as well as other related expenses. Our compensation and benefits team partners to provide a package that is both competitive and affordable. In short, LTD's Human Resources department constantly operates under the Company's core values of People, Relationship and Opportunities.
Our team offers turn-key services for all FF&E, kitchen and laundry systems, telecommunications, and literally every operating supply and service required for a hotel opening or renovation. All of these savings are passed on to the investors in order to maximize their returns.