 |
|||||||
 |
|||||||
 |
|||||||
 |
|||||||
|
|||||||
 |
|||||||
 |
|||||||
 |
|||||||
 |
|||||||
 |
|||||||
 |
|||||||
 |
FOR IMMEDIATE RELEASE:
August 20, 2001
STATABILITY ENABLES LARKSPUR HOSPITALITY TO BUILD BETTER BUDGETS FASTER AND EASIER
ATLANTA - Larkspur Hospitality Company, one of the nation's fastest-growing hotel companies, needs to help its managers improve the speed and accuracy of budgeting for continued success without pulling general managers away from their primary goal - serving guests. That is why Larkspur Hospitality has turned to Statability, a web-based reporting company, to build a better budget tool for its hotels.
"We weren't satisfied with our previous budgeting solution; a series of about a dozen linked spreadsheets that was extremely cumbersome to use," said Larkspur Hospitality President and COO Pete Mulligan. "Statability's budget tool is far easier to use and speeds the budgeting process. We can slice and dice the information in many different ways, making budgeting a much more exact science. And Statability really shrunk the time it takes to complete the entire budgeting process. What used to start in August and end in December now takes about a month, start to finish."
"Statability's budgeting products help multi-unit hospitality companies turn raw data into useable information by planning, creating and executing user-friendly budgets and communicating them to geographically dispersed hotels and restaurants. We help companies turn a dreaded, anxiety-producing event into something much more efficient, effective and usable ," said Statability Co-founder Michael Goldenberg.
This will be the second year Larkspur Hospitality has used Statability's budgeting product, and Mulligan said he expects the benefits to be cumulative. "The Statability model keeps a record of comments, so new staff will be able to look back and see why a particular action was taken.
"Our general managers appreciate that we have found a solution to make their budget planning process easier," Mulligan added. "Plus, the less administrative paperwork they have to do for the home office, the more time and attention they can pay to our guests."
Based on the success of Statability's budget process, Larkspur Hospitality will begin using the company's forecasting and flash reporting products this year.
Statability, located in Atlanta with offices in Minneapolis, was founded in 1999. Clients include Starwood Hotels and Resorts, Marriott International, and Wyndam Hotels and Resorts. Statability partners with several companies including HSA, NoBarriers, and Smith Travel Research.
Larkspur Hospitality Company, an independent hotel company based in Corte Madera, California, owns and operates 16 upscale hotels, comprising 2,000 rooms, within three brands, Larkspur Landing, Candlewood Suites, and Hilton Garden Inn in areas of Northern California and the Pacific Northwest.
For more information about Statability, call 952/322-5865, e-mail info@statability.com, or visit the company's website at www.statability.com, which includes client testimonials and descriptions of its reporting products.
For more information about Larkspur Hospitality Company, call (415) 945-5000, ext. 5051, e-mail correspondence@larkspurhotels.com, or visit the company's website at www.larkspurhotels.com.
CONTACT:
Jennifer Hellman
651/292-8062
Pager: 651/642-8515