Acquisitions & Hotel Openings

First Canadian Management Corp. Acquires Charlottetown Inn & Conference Centre

CHARLOTTETOWN, CA. July 17, 2017 - First Canadian Management Corp. ("FCMC"), through its affiliated companies, announced today that it has completed the acquisition of Charlottetown Inn & Conference Centre (the "Hotel"), a 143 unit hotel offering interior pool, fitness facility and over 8,000 square feet of meeting space. The Hotel is a well-known landmark in the Charlottetown hospitality landscape and is situated in a historic area of downtown Charlottetown.

"We are very pleased to add Charlottetown Inn & Conference Centre to the FCMC family of hotels, located in the historic city of Charlottetown and beautiful province of PEI" said FCMC President & CEO, Fayaz Manji. "Looking forward, we hope to enhance the quality of the guest experience at this hotel. We also look to continue our expansion plan vis-à-vis future strategic geographic acquisitions as we grow our portfolio."

About First Canadian Management Corp.

The FCMC group of companies, with headquarters in Burnaby, BC, owns and manages various hotels throughout Canada and senior care facilities in BC. info@fcmc.ca

Coming Up In The October Online Hotel Business Review




{300x250.media}
Feature Focus
Revenue Management: Technology and Big Data
Like most businesses, hotels are relying on technology and data to drive almost every area of their operations, but perhaps this is especially true for hotel Revenue Managers. There has been an explosion of technology tools which generate a mountain of data – all in an effort to generate profitable pricing strategies. It falls to Revenue Managers to determine which tools best support their operations and then to integrate them efficiently into their existing systems. Customer Relationship Management, Enterprise Resource Planning, and Online Reputation Management software are basic tools; others include channel managers, benchmark reports, rate shopping tools and review systems, to name a few. The benefits of technology tools which automate large segments of a Revenue Manager’s business are enormous. Freed from the time-consuming process of manual data entry, and having more accurate data available, allows Revenue Managers to focus on analysis, strategies and longer-term decision-making. Still, for most hotels, the amount of data that these tools generate can be overwhelming and so another challenge is to figure out how to effectively utilize it. Not surprisingly, there are some new tech tools that can help to do exactly that. There are cloud-based analytics tools that provide a comprehensive overview of hotel data on powerful, intuitive dashboards. The goal is to generate a clear picture, at any moment in time, of where your hotel is at in terms of the essentials – from benchmarking to pricing to performance – bringing all the disparate streams of data into one collated dashboard. Another goal is to eliminate any data discrepancies between finance systems, PMS, CRM and forecasting systems. The October issue of the Hotel Business Review will address all these important developments and document how some leading hotels are executing their revenue management strategies.