Millions in leverage makes us the leader
Interstate Hotels & Resorts has transformed hotel procurement to directly impact the bottom line of each managed hotel.
Interstate’s corporate procurement team has the knowledge, agility and size needed to ensure profitability in rapidly changing times. Leveraging our direct spending power and in-depth industry knowledge and relationships, Interstate’s 250+ procurement programs offer national pricing and discounted pricing to save costs and enhance bottom-line results.
Enhancing Interstate’s purchasing power efficiencies is our industry-leading, integrated procure-to-pay system, MarketBasket, which automates several processes along the supply chain, whether for a single hotel or multi-asset portfolio. Benefits include:
- Higher efficiencies
- Increased accuracy and accountability
- Integrated procure-to-pay process that automates property purchase orders and invoicing, saving time and reducing labor costs
- Greater cost control
- Timely reporting
- Reduced product and administrative costs, providing hotels with distinct competitive and economic advantages
- Reduced physical mailing costs and document storage expenditures
- Increased savings
Along with Interstate’s collective resources of over $250 million in direct spending, MarketBasket is further augmented through a partnership with Concierge by Foodbuy®, leveraging $18 billion in purchasing power to drive additional cost savings.
Corporate chefs from Concierge by Foodbuy, in partnership with Interstate’s procurement experts and hotel culinary and purchasing hotel associates, analyze and review savings opportunities, identifying alternatives of equal or better quality, and negotiate with distributors. Recent examples include:
- Twelve (12) Interstate managed hotels – representing branded and independent full- and select-service properties located in primary, secondary and tertiary U.S. markets, received property optimization food purchasing analysis
- To date, nearly $900,000 in annualized savings opportunities have been uncovered