About Prospera Hospitality
Prospera Hospitality is an established, hotel and restaurant management company, approved by all major hospitality brands. As a nimble and progressive player in our industry, we have a diverse portfolio that has given us the experience to work with a variety of properties, ownership situations and industry changes.
A History of Success
Already seasoned in hotels and resorts in markets across the world, a small, tight-knit crew of colleagues teamed up in 2002 to launch Prospera Hospitality, a hotel management company based in Pittsburgh, Pennsylvania. With Kevin Kilkeary at the helm, this firm’s guiding principles were fairness, thoughtfulness, reliability and practicality—all essential ingredients for breaking through from start-up to success. Driven by the same values 20 years after its founding, Prospera Hospitality continues to grow in a competitive market and is led by the same team today.
While more than 100 years of combined experience is a significant measure of a hotel and restaurant management company, our desire for continuous improvement and stability for our people keeps us from complacency. We continue to hone our proven processes for operational efficiencies, marketing strategies and technical applications, which served us especially well during the pandemic in 2020. Fueled by entrepreneurial spirit, we adapted to meet the needs of hotels and restaurants working to stay in business, streamline operations and even find profitability during and after disruptions in the industry.
Prospera: Where People and Properties Flourish
Now 20 years in business, we’re proud of the company we’ve built and the relationships we’ve established, nurtured and grown. Whether we're managing major hotel brands or boutique properties, launching new restaurants or re-launching known franchises, Prospera Hospitality continues to be guided by our values of fairness, thoughtfulness and reliability.
Contact us to see how we can work together to help your hotel or restaurant succeed.
Responding to an Industry
in Crisis
In 2019 hotels were struggling to adapt and compete with an onslaught of new hotel supply. The challenge was not just the sheer number of new hotel rooms entering the market, it was the number of Hotels entering the market within a “Family of Brands.”
The primary operating strategy employed to counter the new supply issue was to reduce operating costs, but the impact of this strategy was not sustainable. While it initially benefited profitability, it negatively impacted the guest and associate experience. This ultimately led to declining market share, revenues and profitability. Prospera Hospitality, however, discovered a better way to operate a hotel that maximized profitability balanced with an attractive guest and associate experience.
2020 was anticipated to be very similar economically to 2018–19 until the pandemic hit. What was initially thought to be a 3–5-month economic problem for the hotel industry is now considered to be a 3–5-year economic problem.
In response, Prospera Hospitality has changed its hotel management model to meet the needs of today’s hotel owners. Due to the amount of “uncertainty” that exists in today’s travel industry, making long-term decisions can potentially pose significant risks. Prospera has decided to totally remove the risk of choosing a hotel management company by offering simplified contracts, options for co-management or full-service management, options for flat fees or percentage revenue fees, month-to-month contracts and general easy in-easy out terms.
Nimble Yet Powerful
Prospera Hospitality offers the speed and efficiency of an entrepreneurial-style management company with the experience and predictability of the largest management companies in the industry. Our experience managing properties of all sizes combined with our own company’s smaller, more focused size gives us the skills and flexibility to meet the needs of today’s changing environment.
A Balanced Approach
Regardless of changes in the industry, we remain true to our initial approach.
- Values first. We believe that the true essence of hospitality is a contribution to the welfare of others. Expect us to invest intensely in your success.
- Balanced scorecard. Prospera has perfected metrics over decades of managing some of the most prestigious hotels throughout North America. These tools measure associate, guest and owner satisfaction. A successful Prospera managed hotel is one that balances the needs of all its stakeholders perfectly.
- Small and mighty by design. Our goal isn’t to “go big” by building the largest independent hotel management company in the world. We seek meaningful partnerships with quality owners who have a clear vision of what it takes to build long-term success. In turn, we invest wisely in our people, properties and systems.
Contact Us
Ready to work with an experienced hotel or restaurant management partner? Let's dive in.
2100 Georgetown Drive
Suite 401
Sewickley, PA 15143
412.921.6200
fax: 412.921.5158
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