Who is Prospera?

What We Do

Prospera Hospitality is a progressive hotel development and hospitality management company based in Pittsburgh, PA. Since 2002, we’ve made hotels, restaurants and convention centers run better.

Prospera is a hotel and restaurant developer, as well as a hotel, resort, restaurant and convention center manager. We specialize in:

Ground Up Development: Through the operational expertise of our management team, we prudently recognize opportunities for new hotel development and complete redevelopment in underdeveloped markets for a variety of full-service and upscale hotels around the world, including full-service, extended stay and limited service.

Hotel repositioning: From assessing feasibility, culling feedback from frontline employees and guests, to regularly measuring effectiveness of the implemented strategies, Prospera provides relevant and progressive hotel repositioning services for a variety of limited- and full-service independent and branded hotels and resorts.

Real estate acquisition: We’ve performed all phases of hotel acquisition due diligence in transactions totaling over $2 billion. Such experience is indispensable at each stage, from identifying preferred markets and creating positioning strategies, to overseeing financial and legal processes.

Restaurant development: Prospera handles all stages of restaurant development, from concept, to restaurant design, to menu and beverage program designs. We also guide marketing and sales and profitability procedures. We can help create restaurants or provide consulting.

What We're Really Good at

We help hotels and restaurants improve and grow.

To help our hospitality partners grow, we implement an approach that believes:

  • Growth is based on proven results and tenured leadership
  • Technology is the catalyst for future growth and success
  • Operations are maximized to yield greater gross operating profit

To execute this approach, we provide in-house expertise in:

  • Human resources: We create environments where good employees can thrive. We focus on recruitment, training and development, guide associate retention and succession planning, and offer robust benefits and perks.
  • Accounting: Our corporate finance team and dedicated accounting teams onsite at our hotels manage financial statement production and analysis, cash flow analysis, accounts receivable and payable, payroll and benefits administration, budget development and periodic auditing.
  • Sales and marketing: We develop detailed and targeted marketing plans that include digital marketing, integrate the loyalty programs of our brand partners, and execute aggressive direct sales programs. Prospera maintains key partnerships with brands’ national and transient sales teams to further enhance our client relationships.
  • Revenue management: We take a long-term, holistic approach when evaluating our properties’ performance and productivity, and fine-tune for balance among revenue growth, bottom-line profits, and guest and associate satisfaction.
  • Food and beverage: Prospera’s purview includes concept development and design of restaurants and dining facilities, kitchen operations, bars and lounges and convenience markets.

Ready to learn more? Contact Prospera today.

Contact Us

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