Hotel Management Company’s 15 Hotels to Utilize Avendra’s Comprehensive Procurement Services
ROCKVILLE, MD – March 17, 2008 – Avendra, the hospitality industry’s leading procurement services company with $3 billion in purchasing volume, announced the signing of Portfolio Hotels & Resorts, a hotel management company headquartered in Oak Brook, IL, with a current portfolio of 15 branded and independent hotels. Portfolio Hotels & Resorts will be leveraging Avendra’s key purchasing programs, including: food & beverage, rooms operations, engineering, administrative, cleaning chemicals and sanitizing systems, hotel gift shop and retail, smallwares, china, glass and silver, and spa supplies. The contract also includes access to Avendra Replenishment Group—Avendra’s one-stop-shop for replacement kitchen equipment and decorative furnishings.
“We look forward to working with Portfolio Hotels & Resorts,” said Dennis Baker, president and CEO of Avendra. “Portfolio is a well-recognized hotel management company known for its astute management and exactly the kind of operation that we believe we can help deliver additional value through our strategic supply chain management services. We are pleased that they chose to partner with us.”
“Portfolio Hotels & Resorts develops assets to deliver satisfaction at the guest experience level while giving owners what they need on the bottom line,” said Graham Hershman, co-founder of Portfolio Hotels & Resorts. “We were looking for a flexible procurement solution for our portfolio of 15 unique resorts and urban hotels. We believe that Avendra’s extensive offering, along with their culinary expertise and ability to serve boutique properties such as ours, will provide the quality and variety of products and services that all our guests expect.”
About Portfolio Hotels & Resorts
Headquartered in Oakbrook Terrace, Il, Portfolio Hotels & Resorts is a hospitality management company that specializes in managing unique, boutique-style hotels, destination resorts and significant urban hotels in domestic and international markets. The company was established in 2005 by former Chicago-based Coastal Hotels founders Helmut Horn and Graham Hershman, industry veterans whose past experience includes development of the Hawthorne Suites brand, the Highlands Inn in Carmel, CA, and Cheeca Lodge in the Florida Keys. Their current portfolio of 15 branded and independent hotels includes the four boutique Inns of Monterey properties in Monterey, CA; the Orchard Garden Hotel in San Francisco, the first newly constructed LEED-certified hotel in California; the 470 room Hyatt Regency Woodfield in Schaumburg, Il, the 570 room Radisson Hotel LAX, and the 556 room luxury InterContinental Chicago O’Hare, scheduled to open in September 2008. For more information about the company, visit www.portfoliohotels.com
About Avendra
Avendra is North America’s leading procurement services company serving hospitality-related industries. Avendra customers gain access to contracts leveraging $3 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis. Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results. Formed in 2001, the company is headquartered in Rockville, MD and has regional offices throughout the United States and Canada. For more information, please call toll free, (866) AVENDRA, visit www.avendra.com, or email inquiries to info@avendra.com.