Good Hospitality Services/HRC Hotels Selects Alloso Technology’s Portfolio One

  • Alloso Technologies
  • 09.30.09
Alloso Technologies recently announced that Good Hospitality Services, Inc., which provides hotel development, construction and management services, is implementing its Portfolio One system.

Alloso is a software development and consulting company specializing in portfolio management and performance improvement within the hospitality industry.

Portfolio One is a Web-based financial reporting and business intelligence platform that consolidates information from many different hospitality and hotel brand systems.  It provides in-depth financial reporting, expense management and analytical capabilities for hotel management companies and asset managers.  Portfolio One collects, filters and analyzes information to facilitate successful expense containment and proactive decision-making.

“We delivered to Good Hospitality a comprehensive platform upon which to base their corporate intranet, hotel portals, companywide communications, corporate consolidations and integrated reporting and analysis,” said Eliot Gorman, president of Alloso Technologies.  “Portfolio One will streamline their operations and allow them to focus resources on guest service satisfaction while continuing to expand.”

Good Hospitality Services, Inc., provides management services to 20 hotels throughout Indiana, Michigan, Iowa and Florida.  The hotels include a number of different brands, including Hampton Inn, Homewood Suites, Fairfield Inn, Towne Place Suites and Baymont Inn and Suites. All are operated at the property level which has allowed Good Hospitality to enjoy net operating incomes at or above industry standards, as well as outstanding guest service scores.  It has also led to an increased level of complexity in managing operational details and financial analysis.

The implementation of Portfolio One has allowed Good Hospitality to more quickly and easily manage details across all of their systems by giving real-time visibility into revenue and expense information.  On one platform, users throughout the organization, including department heads, can analyze data consolidated from nearly every system in the organization, including general ledger, budgets and forecasts, market research, payroll and labor and energy.  This information can be viewed in multiple ways, customized to Good Hospitality’s specifications.

Brian Gilchrist, executive vice president for Good Hospitality Services, Inc., said, “Portfolio One provides us immediate insight for both our corporate and on-site management teams. This real-time approach to hotel management allows our team members at all levels to be more efficient and act rather than react.  In the past, accessing this information was time consuming and inefficient; now it is virtually instant.  We are more able to not only manage our current portfolio more efficiently but now are able to spend more time pursuing growth opportunities.”

Alloso developed Portfolio One as an affordable enterprise-class solution for small to mid-market hotel management companies.  Portfolio One provides immediate return on investment and low overall cost of ownership.  Significant savings include the elimination of unnecessary data entry and reporting, independence from costly IT resources and systems, and the reduction of paper generation, storage and retrieval.

Alloso Technologies is a leader in innovative software development and consulting to the hospitality industry. In the fall of 2008, Alloso entered into an OEM areement with MicroStrategy Incorporated, a worldwide provider of business intelligence software.  This OEM partnership allowed Alloso’s clients to use Web-based dashboards, reporting and analytics to gain real-time visibility into revenue and expense information across their systems.  Alloso is headquartered in Raleigh, N.C.

Related Articles
want to read more articles like this?

want to read more articles like this?

Sign up to receive our twice-a-month Watercooler and Siegel Sez Newsletters and never miss another article or news story.