Luxury Hotel Owner and Operator Finds a Way to Efficiently Handle Finances and Ownership Connected with Entities

 

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Overview

With over four decades of experience, Platinum Companies owns and operates luxury hotels. They currently operate hotels across three states with ongoing construction projects in 8 states. This year, they will have over a dozen new projects in the pipeline across the United States.

As their company continues to grow, their entity data does as well. With each new hotel, comes many different moving parts. Platinum Companies needed a secure way to track a large database of documents, banking information, and owners affiliated with each hotel.

Tracking Ownership & Finances

Pedro Villa, who serves as General Counsel at Platinum Companies, knew he needed a better way to manage the multiple entities affiliated with the company; having multiple sources to manage was affecting their efficiency. As a hotel development business, their ownership structures were constantly changing. Pedro needed a resource that could keep up with the constant changes.

“I needed a clean view of all our information. Where everything that is affiliated with an entity was in one place.”

– Pedro Villa

During their projects, when funds were coming in, they needed a secure place to store bank statements and associate them with an entity. Angela Neil, in their finance department, was looking for an easier way to be able to get entity information from Pedro. Both of them needed to have access to the information.

The Results

Pedro and Angela are now able to have one single source of accurate data when it comes to managing their 40 entities in every aspect. With EntityKeeper, they have the ability to quickly view organizational charts and see detailed information on each of their entities.

When it comes time for reporting on entities, Angela can give her team access to EntityKeeper so that they can easily pull the documents and information in real-time.

EntityKeeper has allowed the team at Platinum Companies to work more efficiently to close new deals or start new projects.

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