• Fine Hospitality Group

Operational Accounting

Accounting

Fine Hospitality firmly believes the success of hotel management is incumbent upon a strong Accounting Department. Principle to our accounting philosophy is transparency and engagement for our hotel owners and operators. ​

Our proprietary chart of accounts gives a new meaning to detail by enabling our hotel operators to take control and drive gross operating profits. Use of the latest cloud-based accounting system to deliver Real-Time information and financial reporting. Our Accounting Department leverages over 200 years of cumulative experience to secure and manage your hotel's financials in an accurate and timely manner. 

The following highlights our critical accounting functions:

    • Fine Hospitality Group

    Financial Reporting –Scheduled distribution of comprehensive financial package.

    • Fine Hospitality Group

    Centralized Accounting - Standardized system to track revenues and expenses with oversight and control.

    • Fine Hospitality Group

    Internal Audit –Multi-level control and scrutiny of transactions and processes.

    • Fine Hospitality Group

    Tax Planning -Timely and accurate tax filings at all levels of local, state and federal.

    39,700

    Average Yearly Transactions Portfolio-Wide 

    24 Hrs

    Turnaround Time to Investors for Financial Requests (out-Of-Sequence from Regular Monthly Reporting)

    900+

    Monthly Payables to Vendors (portfolio-Wide)

    Our Accounting Team operates through the latest cloud-based accounting technology. Rated #1 in hospitality finance software, we offer the M3 Hotel Accounting System. M3 empowers our investors to retrieve their hotel accounting analytics and access their hotel's financials in Real-Time. This program increases efficiency, reduces overhead, and standardizes hotel operations. M3 focuses on increasing hotel management performance and designed to provide technological support every step of the way.

    M3 Software has been user-friendly and convenient, in particular, the Intelligent Image OCR is fairly easy to use, all invoices are stored away in the system making it easily accessible in the future. PMS Mapping allows us to see real-time data and produce reports that can be tailored to our needs. We also like that M3 has a partnership with Yardi Voyager generating seamless integration.” - Sundeep G. Vaghashia, Owner, VBanks Inc

    “M3 is quite comprehensive in terms of Accounting and Analyzation, it provides a systematic approach for recording and compiling data which can be converted to a detailed and productive information source for operational functions.” – Vidit Shah, Analyst

    Here"s What We Do

    Daily/Weekly​

    • Proprietary Daily and Weekly Reporting
    • Daily and Weekly Pick-Up Analysis
    • Weekly Strategy Calls with Hotel Leadership
    • Timely and professional responses to all sales leads and RFP’s using displacement analysis
    • Weekly STR Review

    Monthly​

    • Monthly STR Review
    • Comprehensive Rate, Inventory and Systems Management
    • Sell Strategy Management
    • Performance to Budget Achievement Review
    • Social Media and Reputation Management

    Quarterly​

    • ​Strategic use of proven & innovative digital marketing strategies to optimize online presence and potential for each of our hotel properties
    • Business development and negotiated account consulting for maximum ROI
    • Content Management of e-commerce portals such as Hotel Websites, Expedia, Booking.com, and TripAdvisor
    • Stakeholder Satisfaction Evaluations

    Annually​

    • Key Account Recognition
    • Supply change and demand generation analysis
    • Competitor and SWOT Analysis
    • Forecasting and Budgeting
    • Investor Revenue Meeting