Focus turns to third party management

Short Excerpt:

Salamander Hospitality sees increased interest in management deals with a number of owners coming to the company for help with struggling properties. President Prem Devadas believes the company’s first-hand knowledge of being a developer, owner and manager gives Salamander flexibility to work out management contracts depending on the owner’s situation. Lower fixed-fee structures are possible, as the company likes to deliver incentive-driven results for owners. The company’s Q1 EBITDA is up about 10% from last year at its Innisbrook Golf Resort and Club and Woodlands Inn, proving the management team has what it takes. Salamander’s VP of Business Development Chuck Pomerantz left Wyndham to open the Gaylord Texan and has owned several restaurants as well. Sales and marketing guru Patricia Tang joins the staff after more than 10 years working in the luxury market. Devadas has more than 20 years in hospitality, including directing the development and opening of The Sanctuary at Kiawah Island.

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