Welcome to
Wellengood Partners.

Pre-Opening

Senate’s experience in opening hotels allows for a clear vision and focus on the critical tasks that determine the success of your hotel.

The seeds for a successful hotel launch are sewn during the pre-opening phase, when competitive market data, branding decisions and operating standards are synthesized into a solid business and staffing plan geared towards the grand opening. Staffing, Systems and OS&E installation planning occur early and are coordinated with development efforts so that the building is ready and systems are in place for staff hiring and training.

During this phase we help you to plan and execute the hotel opening:

• Launch planning and scheduling
• Project management
• Sales & Marketing planning
• Business & accounting system set-up
• Service standards establishment
• Staff selection and training support
• Policy & Procedures development
• Quality & Guest Satisfaction program implementation
• Systems implementation
• OS&E procurement & installation

Hotel Development Expertise

Our experience branding and operating hotels allows us to provide expert input during project development, where efficient buildings with distinctive character enhance operating margins and positively impact guest experiences, ultimately resulting in strong returns for developers and owners.

Branding and product development decisions affect all aspects of a project – from the sign on the building to customer service standards, sales and marketing plan execution and quality measurement programs. Ability to make solid decisions early in the design process and carry them through to operations where they shape the customer experience and gain customer loyalty are the essence of great branding. Senate has the brand relationships and experience to successfully launch your hotel, whether franchised or independent.

Accounting & Asset Management

Not getting what you think you should from your bookkeeper?  Senate is your hands-on asset management & accounting resource.  Our years of experience as owners and operators of hospitality assets allows us look at your business from an operator's perspective and leads to greater operating efficiency and higher returns.

Our hands-on approach means that you will see us in person on a regular basis, and our experience allows us to help you create a solid financial and procedural structure for managing your business.  Any issues with daily transactions will be communicated when they occur so you can manage you business in a timely manner.

• On-Site property inspections and policies, procedures and controls audits
• Labor standards analysis
• Financial statement review (comparison to budget and prior year)
• Budget guidance (Operating and Capital)
• Financing, refinancing and debt restructuring oversight
• Brand relations
• Sales and marketing strategies
• Physical asset management
• Construction project management
• Accounting and cost control procedure implementation
• Monthly journal entry recording
• Accounts payable management and check writing
• Fixed asset recording and maintenance
• Monthly P&L, balance sheet and general ledger preparation
• Monthly on-site review and analysis of all financial statements with management and ownership
• Daily bank reconciliations (cash and credit cards)
• Cash reporting and cash flow analysis
• Coordination of bi-weekly payroll with 3rd party payroll company
• Preparation and filing of sales, occupancy, liquor and business tax returns
• Coordinate annual tax returns with 3rd party tax accounting firm
• Analysis of operating variances compared to monthly/quarterly/annual projections