avendra
Avendra Selects TraknProtect as a Preferred Provider of Hotel Staff Safety and Location-Based Technology
TraknProtect | March 23, 2021
Preferred provider status includes TraknProtect serving as an industry-leading source for advanced employee distress button functionality as well as for the latest in real-time asset, vendor and enhanced cleaning tracking capabilities. Chicago, Illinois – March 23, 2021 – TraknProtect, a pioneer of location-based technology purpose-built for the hotel industry and a leading employee safety button provider for several major hotel brands, is pleased to today announce it has been selected as a Preferred Supplier of Safety buttons by Avendra, hospitality’s leading procurement services company. After successfully completing a strict vendor...
Avendra Releases Findings from Lodging Industry F&B Study
Avendra | April 4, 2018
Research provides food-and-beverage demand outlook through 2020, and reveals performance and occupancy trends, investment plans and new food formats ROCKVILLE, MD, April 4, 2018 – Avendra today releases findings from a new F&B trends report titled "Lodging Food & Beverage Outlook" that gauges demand for hotel F&B over the next two to three years. The findings reveal current F&B and occupancy performance, identify hoteliers' investment plans, and detail new food formats for the future. "Today's restaurants face multiple pressures based on shifting consumer behaviors," said Chip McIntyre, senior vice president of str...
Aramark Completes Purchase of Avendra for $1,350 Million
Marriott | December 12, 2017
Marriott International (NASDAQ: MAR) today announced that the owners of Avendra, LLC have completed the sale of Avendra to Aramark (NYSE: ARMK) for $1,350 million. After redemption of management participation rights, transaction costs, and repayment of Avendra's outstanding debt, Avendra's founding shareholders – Marriott, Hyatt, Accor, ClubCorp and IHG – received $1,201 million in cash proceeds from the transaction. Marriott received $659 million for its 55 percent interest in Avendra. In addition, in conjunction with the sale of Avendra, Marriott has entered into a 5-year procurement service agreement with Aramark on behal...
The Washington Post Names Avendra a Winner of the Greater Washington Area 2017 Top Workplaces Award
Avendra | June 20, 2017
ROCKVILLE, MARYLAND – JUNE 20, 2017 – Avendra, North America's leading hospitality procurement services provider, today announced it has been awarded a Top Workplaces honor by The Washington Post for the second consecutive year. The Top Workplaces recognition ranks the best companies to work for in the Washington D.C. area. "We are honored to have been selected for the Top Workplaces award again, particularly as the judges were our employees," said Wolfram Schaefer, CEO and President of Avendra. "As a professional services organization, our associates are our most valuable asset. This award recognizes the commitment we have ...
