Irish Hospitality Management And Consultancy Company Cliste Hospitality Partners With Independent Hospitality Consultancy Company Avenue 9 Solutions
Irish hospitality management and consultancy company Cliste Hospitality has appointed independent hospitality consultancy company Avenue 9 Solutions Ltd. for strategic consultancy services and ERP deployment project management.
Cliste Hospitality stated, "The team at Cliste Hospitality has partnered with Avenue 9 Solutions to provide strategic guidance and direction on hospitality technologies and processes at executive level. This investment from Cliste Hospitality is focused on creating a technology framework that suits both the existing portfolio and any new acquisitions or management agreements the Cork-based company will make.
"Additionally, Avenue 9 consultants will manage the implementation of a new ERP system for the group, upgrading their current financial systems to provide greater flexibility, reporting and analysis. The new system will also ensure new properties can be merged seamlessly into the existing portfolio."
Cliste Hospitality CEO And Co-Owner Statement
Cliste Hospitality CEO and co-owner Paul Fitzgerald stated, "Constantly improving our systems to remain agile and lean is part of the DNA at Cliste. Critically, we see technology as being a key lever in removing potential waste and inefficiency from our processes, all while contributing to our overarching goal of meeting guest expectations. Working in partnership with an organisation that shares the same ethos is critical to us and we are delighted to work with Avenue 9 as we commence this exciting journey."
Avenue 9 Solutions Director Statement
Avenue 9 Solutions director Mark Jelley stated, "We cannot be more pleased with this appointment. We have worked with the core team at Cliste in the past and appreciate their focus on operational excellence."
Avenue 9 Solutions Information
Avenue 9 Solutions, which was acquired by directors Mark Jelley and Dale Nix from Jones Lang LaSalle in December of 2019, was founded in the UK in 2012 and provides its services to hundreds of hospitality clients.
Cliste Hospitality Information
Irish-owned and operated Cliste Hospitality was launched in May of 2021 and provides a holistic level of management and consultancy services from its offices in Dublin and Cork to Irish hotels, resorts, restaurants, bars and tourist destinations.
Aiming To Double Its Porfolio
As reported by The Business Post, Cliste Hospitality is aiming to double its portfolio over the next two years via asset acquisitions and the securing of management contracts.
The properties currently owned by Cliste Hospitality, which was previously called iNua, include the Muckross Park hotel in Killarney, the Hibernian in Kilkenny, the Radisson Blu hotels in Sligo, Cork, Athlone and Limerick, the Tullamore Court in Offaly and the Hillgrove in Monaghan.
Interested In Acquiring Four- And Five-Star Venues
Fitzgerald told The Business Post that Cliste is interested in acquiring four- and five-star venues in Dublin and strong regional locations.
The Business post quotes Fitzgerald as saying, "There are a lot of family-owned hotels around the country without succession plans in place, perhaps in need of investment, where the owners may not be in the headspace to gear up again after the pandemic.
"We think we have a lot to offer to people like that, whether that's buying the business from them, or taking it on and running it for them. We have the ability to help them with everything from planning menus in their restaurants to updating their IT systems and revamping their marketing programmes."
Working With UK-Based Funders
Fitzgerald told The Business Post that, in Dublin, Cliste is working with UK-based funders who see an opportunity to buy into the capital’s hotel market over the next year to 18 months.
The Business Post quotes Fitzgerald as saying, "None of them are expecting a 2008-style meltdown in asset prices as a result of COVID-19, but there is a feeling that a more appropriate level of pricing may be coming back into the Dublin market.
"Our view is that Dublin hotels will not get back to the occupancy levels they saw in 2019 until 2024 or 2025. In that context, there will be value to be had for buyers in the next while."
Strong Summer Bookings
According to The Business Post, Fitzgerald also said that summer bookings for Cliste Hospitality's hotels are strong.
The Business Post quotes Fitzgerald as saying, "I was on the phone to our GM in Muckross Park the morning after the taoiseach's reopening announcement, and the amount of queries they were getting was just bonkers.
"Our bookings are looking fantastic for June, July and August. I think last year people discovered parts of the country they never would have considered visiting before. They found places they loved, and they are coming back to them again this summer."
© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.