steve belmonte
Industry Icon Steve Belmonte Joins US Investment Banking Firm, Amdel Associates Inc., as Managing Director of Its Hospitality Division
Amdel Associates, Inc. | July 14, 2020
July 14, 2020 – Holmdel, New Jersey - Hospitality industry veteran, Steve Belmonte, will be joining Amdel Associates Inc. as Managing Director of the hospitality, lodging and hotel systems segment effective August 1, 2020. Amdel Associates is an investment banking and corporate finance firm focused on upper middle market merger and acquisitions. Amdel specializes in bringing unique opportunities to their clients in a variety of industries. Through its Private Equity, Family Office, and Corporate Acquisition relationships, Amdel accesses over $10 billion in equity capital to purchase and/or merge with established companies with EBITDAs in...
New Year, New Franchise Partner?
Steve Belmonte | January 9, 2018
Owners should expect to get a lot more for a lot less from their franchise system in 2018 By Steve Belmonte Are you part of a great franchise? Because in today's environment, hotel companies need to be great to ensure a return on the owner's investment. What really makes a franchise great? To start with, a franchisor needs to understand the issues that hotel owners face daily and be understanding of their needs. A great franchise company has a strong infrastructure designed for one purpose — generating revenue and reservations for its owners and doing it at the lowest possible cost. Providing services such as full revenue manageme...
NEW Inncentives Loyalty Club by Vimana to Drive Value, New Customers to Owners
Vimana Franchise Systems LLC | February 14, 2017
Powered by IBC, the new loyalty club will launch this month with no fee increase for owners; Guests earn free nights at Vimana hotels or at 20,000 unique boutique hotels worldwide [Birmingham, Ala. – February 14, 2017] — As part of its commitment to helping franchisees compete head on with the bigger brands in 2017, Vimana Franchise Systems is rolling out a new loyalty program this month that is positioned to be one of the most effective in the industry. Powered by IBC Hospitality Technologies, the new Inncentives Loyalty Club by Vimana mirrors frequent-guest programs offered by the major brands; guests earn travel vouchers...
2017 Marks a New Era of Services, Success for Vimana Franchise Systems
Vimana Franchise Systems LLC | January 3, 2017
Hospitality's friendliest franchise company adds a third product for the independent market and makes a huge financial investment in a new infrastructure [Birmingham, Ala. – January 3, 2017] — The new year marks a new beginning for Vimana Franchise Systems LLC. Today, the franchisor of the Centerstone Inns/Hotels/Plaza Hotels and Key West Inns/Hotels/Resorts brands is stronger than ever before. Coming out of the gate, Vimana is introducing a third product for independent hoteliers and it's unveiling a radically-enhanced infrastructure of franchise support services that will make it easy for franchisees to compete head o...
Vimana Franchise Systems Partners with A Closer Look for Property Quality Inspections
Vimana Franchise Systems, LLC | July 12, 2016
Vimana Franchise Systems, home of Centerstone Inns, Hotels & Plaza Hotels as well as Key West Inns, Hotels & Resorts announced the newest partnership with A Closer Look to perform property inspections. A Closer Look, an industry leader in mystery shopping, will begin visiting each Vimana property. In addition to inspecting properties in accordance to brand standards, the guest experience will be evaluated through their tested mystery shopping techniques. Properties have the opportunity at an inside look at the guest perspective. A Closer Look's reporting platform provides feedback programs that identify areas for training opport...
Vimana Franchise Systems Celebrates Fifth Anniversary with Free Entry Offer
Vimana Franchise Systems, LLC | May 3, 2016
Windermere, FL – May 3, 2016 –Vimana Franchise Systems, home of Centerstone Inns, Hotels & Plaza Hotels and Key West Inns, Hotels & Resorts, is celebrating its 5th Anniversary in a big way: By offering up their franchises for free! This offer is one of the most advantageous offerings the industry has seen in a very long time. The normal application fee of $3,000 and the initial fee of $14,000 will both be free. Not only that, but the franchise fees (royalty and marketing) for the first three months will be free with franchisees only having to pay a combined royalty and marketing fee of 3% after those three months. St...
Centerstone Hotels Wins Design Awards at HI Connect
Vimana Franchise Systems, LLC | March 21, 2016
Nashville, TN – March 22, 2016 – Vimana Franchise System's Centerstone Inns, Hotels & Plaza Hotels and Braeside Design recently won several People's Choice design awards when they teamed up for the unveiling of Centerstone's new ALL-AMERICAN manufactured guest room prototype at the HI Connect event held in Nashville, TN March 17-19th. The room designed Cary Benjamin of Braeside Design debuted a design intended for the mid to upper mid tier that is practical and affordable, yet timeless. "What we wanted to do was show that we can provide an amazing room where all the items have been manufactured in the United States. ...
Don’t Drink the Kool-Aid. There is a Downturn Coming
Steve Belmonte | October 29, 2015
That's the opinion of one well known veteran hotelier. Here's what Steve Belmonte, CEO, Vimana Franchise Systems thinks. I sit at industry conferences and listen to the talking heads who predict joy, jubilee and a continuation of the good-times for the foreseeable future. I am frankly, sick to death of hotel company CEOs self-serving predictions during an upturn that the upturn will last forever and if we are in a downturn, well the upturn is right around the corner. Don't buy it. Don't believe it. Our industry is biblical with seven years of feast and seven years of famine. You can rest assured that a downturn is coming. The problem is...
