“We wanted a proven hospitality budgeting and forecasting system that would provide our varied properties with accurate forecast reporting,” said Andrea Mue, EVP and CFO for Chartres Lodging Group and Kokua Hospitality. “I have designed budget systems and understand what is important. We evaluated several systems and Aptech’s Targetvue system’s management of our specialized budgeting and forecasting needs out-performed the others.” Chartres/Kokua also selected Aptech’s cloud-based Execuvue Hospitality Business Intelligence, and PVNG Enterprise Accounting Systems. The systems are expected to be live in the Q2 of 2018.
“Aptech’s PVNG Enterprise Accounting and Execuvue Hospitality Business Intelligence are integrated to seamlessly exchange data. This integration saves manual processing time and ensures accuracy,” Mue said. “We know the importance and value of investing in business intelligence and look forward to having our monthly reporting packages deliver more performance information in flexible formats. Kokua’s property teams will benefit from greater corporate visibility into operations, while our corporate team and our owners will benefit from the teams’ ability to optimize profitability and manage by the numbers.”
“Kokua Hospitality is a flexible operator with a portfolio of multiple brands and independents that span the country. Aptech’s integrated cloud-based systems are a good fit for their operation,” said Jill Wilder, Aptech VP. “Our systems will gather data from each hotel for centralized analysis and performance reporting to support management decisions. Both of our companies understand the importance of providing value and service. The Aptech professional team is committed to Chartres’ and Kokua’s success.”
Aptech’s professional team will be hosting meetings at BITAC May 15 -17 at the Innisbrook Resort in Tampa, Florida. Please call Aptech at 800-245-0720 or 412-963-7440 to schedule a meeting.
Aptech Computer Systems is both an IBM and Prophix Business Partner. It offers Execuvue web-enabled Hospitality Business Intelligence, Targetvue Budgeting and Forecasting, and PVNG Enterprise Accounting systems that are 100% hospitality specific. Aptech is the only company that provides a complete suite of financial management and analysis solutions for the hotel industry.
About Chartres Lodging Group, LLC
The Chartres Lodging Group, LLC, is an investment and advisory company focused on the investment, asset management, and renovation of high-quality lodging assets. As investors, Chartres’ team of experts brings operational knowledge, market intelligence, and an entrepreneurial mindset to each asset under management. Augmenting our investment professionals, Charters Lodging’s in-house development management team has extensive development and renovation experience. Together with its subsidiary property management company, Kokua Hospitality, LLC, and a network of consultants and industry experts, Chartres Lodging is the one-stop company for hotel and hospitality asset investment and management. Chartres Lodging is headquartered in San Francisco, with offices in New York, Los Angeles, Chicago and Tokyo. For more information on The Chartres Lodging Group, please visit www.chartreslodging.com
About Kokua Hospitality, LLC
Kokua Hospitality, LLC is an independent hotel management company founded with the drive to become the operator of choice for strategic institutional and select private lodging investors. Created by veteran lodging investment and management experts to appeal to an investor’s sensibility, Kokua Hospitality blends best-in-class operating practices with an owner’s DNA, while serving as an extension of their ownership teams. The San Francisco-based company manages a diverse portfolio of hotels and resorts nationwide, including a constantly growing collection on the West Coast and in Hawaii. Kokua Hospitality and their partners received such honors as Hyatt Hotels Resorts’ Full Service Adaptive Reuse Project of the Year 2017 and NAIOP Hawaii’s Renovation Project Award of Excellence 2017 for the development of Hyatt Centric Waikiki Beach; both testaments to Kokua’s expertise in successful asset repositionings and conversions. For more information on Kokua Hospitality, please visit www.kokuahospitality.com and follow along on Twitter and Facebook.
About Aptech Computer Systems, Inc.
Aptech Computer Systems, Inc., based in Pittsburgh, Pennsylvania, is the only provider of a fully integrated enterprise accounting, business intelligence and planning ecosystem to the hospitality industry. All of its clients are companies like yours, which own or manage hotels. Its solutions help customers at both the corporate and property levels understand their financial and operational data for faster goal achievement.
The company is renowned for introducing business intelligence into the hotel industry, and offers a solid resource of hospitality professionals. Aptech is an IBM Software Value Plus partner and Premier Solution Provider, as well as a Prophix Premier Business Partner.
Incorporated in 1970, Aptech’s state-of-the-art back office, true business intelligence and enterprise planning solutions are 100% hotel specific. Solutions include PVNG, Execuvue®, and Targetvue. Clients comprise over 3,500 properties – including large chains, multiple-property management companies and single-site hotels. Execuvue is registered to Aptech Computer Systems, Inc. All other trademarks are owned by their respective holders. For more information please visit www.aptech-inc.com.