In the stylish, big money world of boutique hotels, Viceroy Hotel
Transcription
In the stylish, big money world of boutique hotels, Viceroy Hotel
CORPORATE CAPABILITIES 4OVERVIEW 6 Our Competitive Advantage 8 About Viceroy Hotel Group 10 Viceroy Hotel Group Signatures 12 Viceroy Hotel Group Portfolio 14 Viceroy Hotels and Resorts 16Urban Retreats 18Avalon Hotel 20Guest Profile 22 OPERATIONAL COMPETENCIES 24 Service Philosophy and Standards 26Colleague Relations 28 Distribution and Sales Systems 30eCommerce 32 Marketing and Public Relations 34 Food & Beverage 36 Spa & Wellness 38Technical Services 40Information Technology VICEROY MIAMI 42 Finance and Accounting 44 Branded Real Estate Management 46 Environmentally Conscious Practices 3 OVERVIEW OUR COMPETITIVE ADVANTAGE Nimble yet global. Experienced but innovative. Aesthetically inclined and numbers driven. Individually diverse while jointly focused. It’s these distinctions that give Viceroy Hotel Group a competitive advantage in everything we take on. AN EXCEPTIONAL PRODUCT AND CONCEPT A unique combination of inspired design and luxury services and amenities unmatched in today’s hospitality market defines the Viceroy Hotel Group brands. A TEAM OF WORLD-CLASS HOTELIERS Viceroy Hotel Group features a stellar stable of executive talent at the property level and corporate offices, with many years of experience in the luxury hotel market including Four Seasons, Mandarin Oriental and Ritz-Carlton. A BACKGROUND IN DEVELOPMENT AND INVESTMENT With considerable experience in real estate and hospitality projects, Viceroy Hotel Group possesses a unique understanding of investor needs and the ability to maximize returns and maintain brand integrity. DIVERSE HOSPITALITY PROJECT EXPERIENCE With a successful track record of greenfield and redevelopment projects ranging from hotel-only and condo-hotel to branded residences and serviced apartments, Viceroy Hotel Group’s vision goes beyond a standard “heads in beds” viewpoint. LIMITLESS FUTURE GROWTH AND EXPANSION OPPORTUNITIES With an international ownership group including Mubadala Development Company, the Abu Dhabi government’s strategic investment arm, Viceroy Hotel Group’s developing presence outside of the Americas and its financial strength position it for real impact and growth. BY THE NUMBERS REVPAR PENETRATION INDEX (RPI) 109.6% 2011 average for Viceroy Hotel Group, measured against its actual market competitive set Smith Travel Research, Full-year 2011 VICEROY HOTEL GROUP REVPAR GROWTH 14.8% in 2011 vs. industry average of 7.5% Smith Travel Research, 2011 7 ABOUT VICEROY HOTEL GROUP From a suite in the city’s center to a villa on a secluded beach, Viceroy Hotel Group brings together provocative design and unfailing service to create incomparable experiences. Viceroy Hotel Group is headquartered in Los Angeles and Abu Dhabi, with satellite offices in New York, Miami and Dallas. Recognized as one of the most innovative operators on the current hotel landscape, Viceroy Hotel Group has magnetized contemporary travelers, the hospitality industry and lifestyle media alike with its pacesetting destinations and glamorous surroundings. “Best new or renovated hotel” — Wallpaper Design Awards 2012, Viceroy Anguilla 8 VICEROY ANGUILLA VICEROY HOTEL GROUP SIGNATURES INSPIRING DESIGN PRESENCE UNLIKE ANY OTHER Signature look and feel that is never interchangeable with any other luxury property IMPECCABLE, INTUITIVE SERVICE At the ready before you need it, unintrusive when privacy is at a premium INVENTIVE FOOD AND BEVERAGE EXPERIENCES Featuring acclaimed chefs, signature cocktails, top-quality ingredients, inspiring settings LUXURIANT PERSONAL NECESSITIES AND INDULGENCES From high-thread-count bed linens to therapeutic spa treatments to elite concierges UP-TO-THE-MOMENT CONVENIENCES High definition content, seamless internet connectivity and more technological amenities for the digitally acute SPECIALLY TAILORED EVENTS Including custom business conferences and executive summits, social and press receptions and intimate personal celebrations YAS VICEROY ABU DHABI EFFORTLESS OWNERSHIP OF BRANDED REAL ESTATE Hotel and resort residences where owners can come and go at their leisure DESTINATION LOCATIONS AND ENVIRONMENTS In the world’s most beautiful and intriguing places “Best new sensation” — Tatler 2011, Viceroy Anguilla VICEROY ANGUILLA 10 11 VICEROY HOTEL GROUP PORTFOLIO 16 17 5 11 4 7 9 1 2 13 12 Los Angeles Metropolitan Area 6 14 3 10 15 8 URBAN RETREATS Los Angeles Headquarters 1 Yas Viceroy Abu Dhabi 8 Viceroy Palm Springs 14 Avalon Beverly Hills Abu Dhabi Headquarters 2 Viceroy Anguilla 9 Viceroy Riviera Maya 15 Delfina Santa Monica Dallas/Fort Worth 3 L'Ermitage Beverly Hills 10 Viceroy Santa Monica 16 Cassa New York Miami 4 Viceroy Bodrum 11 Viceroy Snowmass 17 Zetta San Francisco New York 5 Viceroy Istanbul 12 Viceroy Sugar Beach, St. Lucia 6 Viceroy Maldives 13 Viceroy Zihuatanejo 7 Viceroy Miami *Operating, under development or in planning as of March 2012 MODERN POLISH AND SOPHISTICATION In skyscraping cities and pacesetting playgrounds, Viceroy re‑imagines the essence of style and service. Expansive oceanfront villas, exclusive cosmopolitan suites and conciergeattended resort enclaves: surroundings that inspire discerning guests and residents to indulge in a life as singular as it is sumptuous. VICEROY HOTELS AND RESORTS PORTFOLIO BY THE NUMBERS $377.26 Portfolio-wide 2011 average daily rate 110.5% Portfolio-wide 2011 RevPAR index Smith Travel Research, Full-year 2011 COMPETITIVE POSITIONING KEYWORDS Four Seasons Hotels & Resorts Polished The Ritz-Carlton Hotel Company Sophisticated Mandarin Oriental Hotel Group Inspiring St. Regis Hotels & Resorts RESORT URBAN HOTEL PROGRAM ROOMS Striking Glamorous Epic FOOD & BEVERAGE SPA MEETING SPACE RECREATION • 150 – 400 Keys • 500 square feet • 15 – 25% Suites • Three Meal Specialty Restaurant • Scene Bar or Lounge • Pool Bar • Gourmet Bistro • 6 – 8 Treatment Rooms • Spa Boutique • Day Spa • 5,000 – 12,500 sq. ft. Social Ballroom • Conference Ballroom • Meeting Rooms • Boardrooms • Business Center • Swimming Pool • Fitness Center • Retail Boutique • 125 – 275 Keys • 550 square feet • 20 – 30% Suites • Three Meal Specialty Restaurant • Scene Bar or Lounge • Pool Bar • Gourmet Bistro • Spa Café • 8 – 14 Treatment Rooms • Spa Boutique • Day Spa • 2,500 – 5,000 sq. ft. Social Ballroom • Meeting Rooms • Boardrooms • Business Center • Family Swimming Pool • Adult Swimming Pool • Children’s Center • Lounge, Fitness Center • Tennis, Golf • Water Sports • Retail Boutique 14 A sophisticated, international luxury brand that spans metropolitan, mountain and beach destinations 15 URBAN RETREATS FROM HIGH-PROFILE TO HIDEAWAY Every Urban Retreat combines one-of-a-kind details with welcoming qualities to create a collection of provocative hotels. The very essence of a boutique hotel, each property offers pace-setting, custom-designed programs and amenities, reflects a distinct sense of place, and resonates with a spirit of genuine hospitality. URBAN RETREATS PORTFOLIO BY THE NUMBERS $190.45 Portfolio-wide 2011 average daily rate 102.4% COMPETITIVE POSITIONING KEYWORDS Aloft Ahead of the curve Morgans Hotel Group Active The Standard One-of-a-kind A boutique brand ideal for urban gateway destinations Thompson Hotels Portfolio-wide 2011 RevPAR Index W Hotels Smith Travel Research, Full-year 2011 “In the stylish, big money world of boutique hotels, Viceroy Hotel Group is king” — Travel Age West HOTEL PROGRAM ROOMS FOOD & BEVERAGE GYM / SPA MEETING SPACE RECREATION • 75 – 250 Keys • 350 square feet • 5 – 10% Suites • Three Meal Specialty Restaurant • Scene Bar or Lounge • <4 Treatment Rooms • <1,000 square feet • Family Swimming Pool • Retail Boutique 16 17 Comfortably-modern style in the heart of urban destinations A REFINED, UNIQUE EXPERIENCE Distinguished by its visually rich design and everyday conveniences, Avalon attracts sophisticated, youthful travelers with its functional style and casual comfort. From dramatic meeting spaces to vibrant accommodations, each guest experience is individually inspiring. AVALON HOTEL PORTFOLIO BY THE NUMBERS $180–$220 Estimated average daily rate COMPETITIVE POSITIONING KEYWORDS Aloft Connected Hotel Indigo Cutting-edge Radisson Blu Distinct Rotana The Standard Thompson Hotels W Hotels Inspiring Social Sensibility Vibrant HOTEL PROGRAM ROOMS FOOD & BEVERAGE GYM / SPA MEETING SPACE RECREATION • 75 – 250 Keys • 350 square feet • 5 – 10% Suites • Three Meal Specialty Restaurant • Scene Bar or Lounge • <4 Treatment Rooms • <1,000 square feet • Family Swimming Pool • Retail Boutique 18 19 GUEST PROFILE In the world’s best-known restaurants and bars, tastemaking shops and galleries, first-class airport lounges and leadingedge businesses, you can spot Viceroy Hotel Group guests at a glance. They’re the young influencers whose opinions drive shifts in behavior, from communicating to spending to exploring the world itself. BY THE NUMBERS CHARACTER TRAITS PROFESSIONS Viceroy Hotels and Resorts Geographic Origin of Guests Sophisticated Entrepreneurs 53% 47% High net worth Fashion International Media Design-conscious Finance US Residents International Residents Viceroy Hotel Group, 2011 AGE 32% 31% 23% 14% 25 – 34 35 – 44 45 – 54 Other INCOME 9% 20% 24% 33% 14% Over $500,000 Health-conscious $250,000 – $500,000 Culturally aware $150,000 – $250,000 Uncompromising $75,000 – $150,000 In the know and ready to explore Other GENDER 47% 53% Male Female Viceroy Hotel Group Guest Survey, 2011 20 21 OPERATIONAL COMPETENCIES SERVICE PHILOSOPHY AND STANDARDS CUSTOMER SATISFACTION Market Metrix year to date, March 2012 90% MISSION STATEMENT Founded on quality and creativity, we are a team of passionate individuals committed to redefining the traditional concept of luxury hospitality through intuitive service, inspiring design, innovative culinary experiences and holistic wellness programs that touch the heart and soul of every guest. 89% 88% 88% 87% 86% 85% 84% “Three cornerstones guide Viceroy Hotel Group’s service philosophy: Our mission statement, which ensures customer loyalty by creating unique hotel experiences; our cultural values, which guide behavior towards one another and our customers; and our luxury operating standards, which describe the ultimate guest experience and the tactical steps that ensure reliable and gracious service.” 85% 83% 82% 81% 80% 79% COMPETITORS VICEROY HOTEL GROUP The Competitors figure represents the portfolio-wide composite guest satisfaction score for Four Seasons Hotels & Resorts, Hyatt, Mandarin Oriental Hotel Group, The Ritz-Carlton Hotel Company, W Hotels and Westin Hotels & Resorts. —Bill Walshe, Chief Executive Officer “We have access to leading-edge technologies that provide up-to-themoment reporting on guest satisfaction and hotel performance. They give us another advantage in responding to guest needs and anticipating them before they arise.” —Kara Altice Montes Clare, Regional Vice President STRATEGIC PARTNERSHIPS WITH PREMIER HOSPITALITY RESEARCH AND PERFORMANCE MANAGEMENT FIRMS Review Metrix Developed jointly by Market Metrix and Trip Advisor to provide analysis and comparison of any individual property performance in relation to its competitive set Coyle Hospitality Group Performance measurement across an exhaustive set of both industry-standard and customized indicators that review each destination internally against its own prior performance, as well as against competitive set Libra OnDemand and CRM Solutions Integrated cloud-computing-based customer relationship management products Oxman Associates International Inc. Partnership with a global leader in hospitality loss prevention and performance management consulting to establish and achieve a sustainable, continuously improving, world-class loss prevention and safety culture 25 COLLEAGUE RELATIONS “Since our first search engagements for Viceroy Hotel Group in 2002, their leadership team has consistently challenged my firm to produce the best pool of talent for each search conducted on their behalf, a goal they support by providing clear direction as to position mission and responsibilities, as well as desirable candidate criteria.” —Dan Bowman, Bowman & Associates Specialists in executive search for the hospitality and leisure time industries Recruitment Philosophy We strive to recruit talented and motivated individuals with a demonstrated passion for luxury service. Colleagues are supported through training and development to grow within our organization. Our goal is to promote and retain these individuals. To remain a leader in creativity and innovation, we draw on the diverse backgrounds, personalities and style of our colleagues to ensure a vibrant and unique perspective. We attract the best candidates throughout our acclaimed portfolio of properties. It is here that you can maximize your skills and experience as part of a fast-paced, dynamically expanding hotel organization. Direct Recruitment from Top Colleges and Universities • Cornell University School of Hotel Administration BY THE NUMBERS 100% Percentage of Viceroy Hotel Group corporate executives, general managers and leaders who participate in the Franklin Covey Leadership Program, “The 7 Habits of Highly Effective People” Viceroy Hotel Group, 2011 • Ecole Hoteliere de Lausanne • Les Roches International School of Hotel Management • Johnson & Wales • The Culinary Institute of America • Le Cordon Bleu • Florida International University School of Hospitality and Tourism Management Our Attitude We attribute a large measure of Viceroy’s success to our colleague’s drive to make a difference in the world of service. Viceroy Hotel Group seeks candidates whose creative thinking, positive attitude and unwavering commitment to excellence enable them to not only set high standards…but to exceed them. Retention We partner with Market Metrix to conduct a Colleague Loyalty Survey twice a year. The surveys provide insight to our colleagues’ satisfaction and help us identify potential problems while they are at an early stage. We assess colleague feedback to help us create detailed action plans, which we believe results in improved colleague satisfaction and higher retention rates. 26 “Viceroy Hotel Group takes pride in continuously developing its reputation as a leading employer in the hospitality sector. We seek to create an environment that creates learning opportunities, provides a dynamic and creative workplace, and rewards innovation, results and teamwork.” —Brenda Tscharner, Senior Vice President, Human Resources DISTRIBUTION AND SALES SYSTEMS To successfully service its existing portfolio and support its international expansion, Viceroy Hotel Group has developed a global presence of sales offices and agent networks, as well as a technology base that harnesses the hotel industry’s most robust systems. Geographic Presence Global Sales Agent Networks •Los Angeles Headquarters •London • Abu Dhabi •Dubai •New York •Germany •Miami •Italy •Dallas •Canada • Latin America •Russia •Hong Kong Key Partnerships •Virtuoso •American Express Fine Hotels & Resorts •Signature •Ensemble •Tablet Hotels Distribution Systems •Epitome & Opera •SynXis CRS RedX Central Reservation Systems •Global Distribution System (Sabre, Galileo, Worldspan, Pegasus, Amadeus, Travelweb) •Automatic Call Distribution (ACD) •IDeaS, Inc. • Libra OnDemand • Sales and Catering Solution 28 ATAYEB AT YAS VICEROY ABU DHABI eCOMMERCE A strategic imperative for Viceroy Hotel Group, eCommerce efforts focus heavily on website development, search engine and email marketing, social media, testing and analytics. STRATEGY AND BENEFITS LONG-TERM INVESTMENTS INTO WEBSITE USABILITY AND ACCESSIBILITY BY THE NUMBERS 11% Annual increase in website direct bookings PARTNERSHIPS WITH Adobe Site Catalyst, 2011 vs. 2010 WORLD-CLASS 31% DIGITAL VENDORS Online channel contribution to total room revenue SynXis Reservation System, 2011 40% Increase in online revenues Adobe Site Catalyst, 2011 vs. 2010 Viceroy Hotel Group was one of the first hotel companies to deploy TopGuest, a geolocation social media tool that rewards loyal guests for repeat hotel visits. AGGRESSIVE INVESTMENT IN ECOMMERCE ANALYTICS AND TESTING $10: $1 Return on investment on pay-per-click advertising with search engines Viceroy Hotel Group, 2011 $24: $1 Return on investment on email marketing from Viceroy Hotel Group’s customer database 30 2011 YE Omniture SiteCatalyst 31 Persistent pulse on how global customers access and use our websites. Regular usability testing and analysis ensures a proper user experience whether accessing via a tablet, smartphone or laptop. For online development, digital marketing, analytics and social media, to ensure low corporate overhead costs while simultaneously enabling more efficient response to changing trends and consumer behavior. Leverages best-in-class reporting tools (Adobe Site Catalyst, DART, etc.) to track online performance via real-time metrics and data. MARKETING AND PUBLIC RELATIONS In its strategic marketing and public relations efforts, Viceroy Hotel Group focuses on bringing its brand identities to life and raising awareness of its brands and products to generate new customers, engage existing ones and cement brand loyalty. At the corporate and property levels, teams work in tandem to ensure cohesive marketing philosophies and brand identities while giving each property the flexibility to adapt them to local needs. The breadth of coverage generated worldwide reflects the company’s success in these endeavors. BY THE NUMBERS $10: $1 Value of print media impressions compared to public relations agency retainers Dynamic Social Media Programs A nimble player in the social media arena, Viceroy Hotel Group enjoys first-adopter status with such cutting-edge initiatives as geolocation-based recognition and rewards programs. And our use of social media goes beyond creating awareness. With such engaging activities as Facebook and Twitter promotions and reservations, and micro-targeted direct advertising—it’s a crucial tool for meeting sales and marketing objectives. Viceroy Hotel Group, 2011 CONSISTENT ACCLAIM Yas Viceroy Travel+Leisure Best Hotel Design Award 2011 Viceroy Anguilla Tatler Best New Sensation December 2011 Condé Nast Traveler Hot List Spa 2011 Trip Advisor Certificate of Excellence 2011 Viceroy Miami Trip Advisor Top Ten Spa Hotels Worth Top Ten Hotel Gyms Viceroy Riviera Maya Condé Nast Traveler Readers Choice Awards 2011 Condé Nast Traveler Gold List 2012 $14: $1 Revenue generated through Facebook vs. social media monthly retainer Viceroy Zihuatanejo Travel+Leisure Top 20 Hotel Spas 2011 Condé Nast Traveler Readers Choice Awards 2011 Viceroy Hotel Group, 2011 Viceroy Sugar Beach Condé Nast Traveler Gold List 2012 Top Ten Caribbean Resort 2011 Travel+Leisure World’s Best Awards 2011 Parenthood, The Real Housewives of Beverly Hills, The Sopranos, Entourage and CSI: Miami are among Viceroy Snowmass Condé Nast Traveler Gold List 2012 Spa Finder Spa Best for Winter Sports, Readers Choice 2012 the popular television series that have filmed at Viceroy Hotel Group properties. L’Ermitage Beverly HillsForbes Five Star 2011 AAA Five Diamond 2011 Travel+Leisure 500 Best in the World 2011 32 FOOD & BEVERAGE In its restaurant and bar operations, Viceroy Hotel Group synthesizes ambience, cuisine and service to satisfy the appetites of guests and locals, bolster brand and property presence, and achieve cost efficiencies. Food & Beverage Concept and Goals •Innovative design that maximizes use of outdoor public areas and potentially accommodates multiple outlets within a single space •High-energy dining and drinking venues that support the hotel’s reputation •Venues as social centers of choice for catered events BY THE NUMBERS 19% Company-wide beverage program product-to-revenue cost, compared to 21 – 22% industry average •Focus on the recruitment of star-in-the-making culinary talent •Generation of business volume via creative promotional execution and appropriate utilization of technology Viceroy Hotel Group, 2011 Viceroy Hotel Group properties offer creative signature programming— such as partnerships with Barry’s Bootcamp, Toms Style Your Sole events and Savor Sundays. EOS AT VICEROY MIAMI OLIVERIO AT AVALON HOTEL LA MAREA AT VICEROY RIVIERA MAYA 34 SPA & WELLNESS Viceroy Hotel Group creates spa experiences that are both locally relevant and internationally resonant for guests. “Founded on the three pillars of Balance, Breath and Beauty, Viceroy Hotel Group spas support the healthful change in our guests through introspection, self-awareness, time and breath.” —Patrick Huey, Corporate Director of Spa Operations Concept and Operating Standards •Shared elements among signature treatments and services from property to property create a through-line for the guest experience globally •Spa facilities and treatments that express the textures, colors and customs of their geographic environments immerse guests in area experience and create affinity among local visitors BY THE NUMBERS •Attention to detail and intuitive service 8% •Transformative physical and emotional experiences Viceroy Hotel Group, 2011 Partner Brands Cost of goods, vs. industry standard of 10 – 15% 32% Revenue growth in 2011, vs. industry standard of 14% Viceroy Hotel Group, 2011 •Intimate yet respectful of guest boundaries •Valmont •Decléor Paris •Ila • Natura Bissé Select providers and products that combine a traditional emphasis on well-being with medical expertise and unique ingredients and applications Viceroy Anguilla Condé Nast Traveler Hot Spas 2011 Viceroy Miami Condé Nast Traveler Hot Spas 2009 Viceroy Snowmass Condé Nast Traveler Hot Spas 2010 Signature Treatments One-of-a-kind rituals created by Valmont exclusively for Viceroy Hotel Group Spas including Iconic (an anti-aging facial utilizing pure medical grade collagen, glacial spring water and a full strand of DNA), Earth and Air (a sacred stone ritual using incense and sage to cleanse the chakras and heal the soul), Black Lava (a nutrient rich body exfoliation and cocooning wrap) and Viceroy Trilogy Massage (a signature massage using the power of color, essential oils and veils to release stress and welcome balance, breath and beauty into your life) Viceroy Sugar Beach, St. Lucia Frommer’s Top Spa in the Caribbean THE SPA AT VICEROY ANGUILLA 37 TECHNICAL SERVICES Viceroy Hotel Group’s corporate technical services team is actively engaged in hotel design and development to ensure that brand guidelines are met, and that the physical product of each ensures optimal guest experiences. “How do Viceroy Hotel Group projects provide superior guest experiences? Timeless, fresh and eclectic design that subtly conveys historical and cultural authenticity... residential-quality environments that offer an intuitive connection with the comfort and security of home… and of course, a physical product at each property that ensures the success of the hotel operations team and its service delivery.” BATHROOM 5 ENTRY BEDROOM 5 —Michael Paneri, Senior Vice President, Hotel Development Pre-Design Services BATHROOM 4 OUTDOOR SHOWER •Viceroy Hotel Group design and brand OUTDOOR standard specification SHOWER LAUNDRY MASTER CLOSET •Architecture •Interiors •Property assessment •Landscape, hardscape and water features •Design review •FF&E and OS&E •Design program •Food service and laundry •Design brief •Technology and entertainment BEDROOM 4 MASTER BATHROOM Design Management JR. MASTER BATHROOM POWDER ROOM FOYER GOURMET KITCHEN WALK-IN CLOSET MASTER BEDROOM BATHROOM 3 LIVING ROOM Viceroy Hotel Group has partnered with such world-class architects and designers as Kelly Wearstler, Yabu Pushelberg, Arquitectonica, Denniston International, Rockwell Studio and WATG. DINING AREA BEDROOM 3 TERRACE TERRACE SPA INFINITY EDGE POOL 38 •Consultant recommendation JR. MASTER BEDROOM •Graphics and signage Construction Services •Site visits during critical construction stages and pre-opening TERRACE •Formal site visit reports on progress, variances Second Floor Floor Second •Review of handover schedules with owner, operator, contractor and operations team COVERED TERRACE First Floor •Building systems and equipment 39 INFORMATION TECHNOLOGY A typical standard Viceroy Hotel Group guestroom offers a variety of technology amenities including: • Wired and wireless internet access Viceroy Hotel Group leverages cost-effective and reliable, cloudbased IT solutions that optimize productivity for the organization and create a unique guest experience. Premium in-room technologies allow the guest to enrich their experience through interactive internet, entertainment, multi-functional device and communication solutions. SELECT OPERATIONAL PROPERTY-WIDE SYSTEMS • 42" or larger flat-screen televisions • In-room entertainment including free-to-guest channel selection with a wide variety of high definition programming • Video-on-demand/pay-per-view movie selections with parental controls • Blu-ray DVD players and available DVD library • High-fidelity audio solutions • iPod/iPad/MP3 docking capabilities • Guest device connectivity panels for computers, cameras, etc. Property Management Micros Opera Point of Sale and Retail Micros Simphony FinancialSageMAS200, Sun Systems CRM and AnalyticsLibra OnDemand CRS and GDISynXis, Sabre Human Resources and ADP Payforce, ADP Human Labor ManagementResource Information Systems, TimeSaver, OnTrack, Data Plus Avero Slingshot, Adaco and Optimum • Cordless VoIP telephones Purchasing and Inventory • iPod/iPhone/MP3 docking/charging clock radios TelecommunicationsMitel United Communications, Paetec • Multiple guest device charging points • In-room security safe to accommodate laptop computer • In-room guest comfort and energy management controls Preventive Maintenance and Guest Response HotSOS Locking Systems and Access Control Salto Systems Sales and CateringLibra OnDemand ConciergeGoConcierge Spa Book4Spa, SpaConnect Collaboration and MessagingMicrosoft Office 365 40 VICEROY MIAMI FINANCE AND ACCOUNTING “Our overall mission is to provide continuous improvement in our core competencies—depth of accounting and finance knowledge, accuracy in budgeting and forecasting, consistency and timeliness in reporting, ongoing risk assessment and strategic thinking. As the world economy recovers from global recession and sovereign debt crises, our finance team is committed to maintaining property-level expense control, productivity and cash flow. With many of our properties owned by institutional investors and publicly-traded real estate trusts, Viceroy’s standards for internal controls, financial reporting and analysis, the annual budget process and long-term business planning are being recognized as world class. Since its inception, Viceroy has issued financial statements audited by one of the top four international public accounting firms.” FINANCIAL REPORTING •GAAP/IFRS/UALI compliant Day 10 complete financial reporting package including comparative P & I, balance sheet and reconciling schedules, cash flow analysis, capital expenditure analysis •SOX Disclosure Controls and Procedures Certification BUDGETING •Annual operating budget and business plan •Annual capital plan •Weekly two month forecast update and five month pace —Mary C. Pierson, Chief Financial Officer PERFORMANCE MEASUREMENT RISK MITIGATION AND INTERNAL AUDIT REPORTING TOOLS Weekly •Risk assessment •Sage MAS 200 •Five month rooms revenue pace vs budget and prior year •Internal controls •Sun Systems •Financial controls •Two month P & L forecast vs budget and prior year • Data Plus •Payment Card Industry compliance •ADP Timesaver •Thirteen week daily cash flow projection •Documented standard operating procedures •OnTrack •OT and labor productivity vs prior scheduled •Statement on Auditing Standards No. 70 certification vendor Monthly requirement •P & L forecast accuracy (actual achieved vs forecast) •Fidelio Opera/Micros •Payforce •Avero •Adaco •Optimum PARTNERSHIPS •Avendra •Wage and hour compliance •Southern Wine and Spirits •Actual operating KPI’s vs forecast, budget and prior •Willis Since its inception, Viceroy Hotel Group has issued financial statements audited by KPMG and RSM/McGladrey. 43 BRANDED REAL ESTATE MANAGEMENT Viceroy Hotel Group possesses integrated property management, rental management and marketing capabilities for full-service resort and hotel units, under the Viceroy Hotel Group brand, that are privately owned and used as secondary residences. “The principle of ‘effortless ownership’ underpins the range of services and amenities provided to owners of Viceroy and The Tides-branded villas and condominiums. Whether owners seek basic property maintenance services—such as 24-hour security, housekeeping and landscape maintenance—or our robust sales, marketing and reservations capacities to rent their homes when they are not in residence, we provide peace of mind, convenience and comfort; safeguard their investment; and in turn, create real value.” —Anton Bawab, Regional President Viceroy Hotel Group Properties with Branded Residences •Viceroy Anguilla •Viceroy Miami •Viceroy Bodrum •Viceroy Snowmass •Viceroy Istanbul •Viceroy Sugar Beach, St. Lucia •Viceroy Maldives Property Management Services •Pre-arrival concierge service •Event ticket procurement and delivery •24-hour staffing, including bellman/ porter service, concierge, doormen, security and telephone switchboard •Personal chef services and in-unit catering available through Viceroy signature restaurant •24-hour room service, housekeeping and maintenance •Personal shopping professionals •Grocery shopping and in-room stocking •Packing and unpacking service •Childproofing amenities and childcare service 44 •Technology support and rentals, including wireless laptops and MP3 players •Signing privileges and direct billing for all hotel services •Owner events VICEROY ANGUILLA ENVIRONMENTALLY CONSCIOUS PRACTICES Viceroy Hotel Group strives to incorporate environmentally responsible and sustainable practices in all hotel and resort development and operations with its Second Nature initiative. “We’re always seeking new and innovative ways to expand our sustainability efforts, including colleague brainstorms and guest feedback. In 2011, we began instituting full waste audits to quantify our efforts to divert waste from landfills, and we’re rolling out a composting program that will further reduce our waste and benefit local farming communities.” —Nicholas Clayton, Chief Executive Officer Staged Approach BY THE NUMBERS 90% Participation of Viceroy Hotel Group guests in the properties’ linen and towel reuse program Viceroy Hotel Group, 2011 •An ongoing process of implementing environmental hotel and sustainability initiatives across the portfolio, starting with a written environmental/sustainability policy •Water and energy savings plan enactment •Comprehensive recycling programs for paper, glass, plastic and cardboard, toner cartridges, fluorescent bulbs and electronics •Biodegradable cleaning products •Incentive plans for colleague use of carpools and/or mass transit •Installation of energy-efficient lighting and occupancy sensors at each property Among the first Green Business Certified hotels in the pioneering city of Santa Monica, Viceroy Hotel Group’s Delfina is also one of the first hotels on the U.S. west coast to introduce and test a non-toxic cleaning system that electrolyzes tap water and salt to create a cleaning agent that both cleans and sanitizes. Viceroy Snowmass has been awarded LEED® Gold Certification. VICEROY SNOWMASS Social Responsibility • Viceroy Riviera Maya participates in the annual Turtle Release program • Viceroy Anguilla heads the Clean Up Anguilla campaign • Viceroy Santa Monica supports the West Side Shelter and Hunger Coalition • Viceroy Miami has an annual Toy Drive for the local community •Viceroy Palm Springs supports World Food Bank • Viceroy Sugar Beach is implementing a Hotel Farm project •Delfina supports the Santa Monica High School and Collage internship programs as well as the Santa Monica / Malibu Educational Foundation 47 VICEROY HOTEL GROUP 1212 South Flower Street Los Angeles, California USA T +1 323 930 3700 F +1 323 930 3701 Post Office Box 129159 Abu Dhabi UAE T +971 2 656 0880 viceroyhotelgroup.com 48 100412 50