HRI Lodging, with 23 properties, implemented Aptech’s Execuvue enterprise business intelligence, Targetvue budgeting and forecasting, and Profitvue financial accounting systems. The William Vale, a new-build full service luxury hotel in Brooklyn, N.Y., installed Profitvue to manage pre-opening financial processes.
“We installed all three Aptech solutions to support our company’s growth,” said David Moore, corporate controller for HRI Lodging. “We added a number of properties that increased our portfolio to 23 hotels. At this size, a company like ours needs to automate its financial and budgeting processes to manage more effectively. Aptech enables us to create productivity reports and analysis of properties, select property groups, and roll-ups on our entire portfolio.”
New Orleans-based HRI Properties created HRI Lodging in 2000 to manage hotels and achieve the operating standards and financial performance they expected as hotel owners themselves.
“Execuvue handles our financial analysis and reporting, including management dashboards and data snapshots,” Moore said. “Targetvue is our budgeting and forecasting solution. Aptech hosts our systems and data from its secure network operations center in Pittsburgh.”
The William Vale is a new-build luxury property in Brooklyn scheduled to open in 2Q ’16. The William Vale will deliver a 183 room luxury hotel, elevated public green space, and a vibrant mix of retail and restaurants to the thriving North Williamsburg neighborhood.
“We installed Profitvue for pre-opening financial accounting at The William Vale,” said Angielyn Cruz, director of finance. “We implemented a standard chart of accounts customized for The William Vale’s operation.”