Professional Documents
Culture Documents
Noemi Gonzalez
Mr Eggers
FSM 320
9 February 2015
February 9, 2015
Noemi Gonzalez
The Bronx Gourmet Hotels
1841 Somerton Place
Virginia Beach, VA 23464
Mr. Ragoletti,
It is with my deepest gratitude that I thank you for the opportunity to revise our accounting
firms operational practices. I understand there have been several income statements that have
shown our quarterly numbers not looking exactly as they should. I plan to investigate this matter
and ensure there is no unethical behavior taking place. My belief on ethics is very simple. I
believe we have a moral and legal obligation to conduct business for this hotel honestly and
openly to ensure everyones success. This moral rights belief has allowed me to become the
person I am today, not just in business but in my personal life as well.
After careful review, I plan on looking at the different accounting branches we have within our
company. The first thing Id like to do is bring in an experienced accounting firm to evaluate
what we currently have and give us their honest feedback. For this, I have chose the top three
accounting firms in the United States, and they are willing to pay us a visit within the next
coming weeks to help us. They are Coastal Hospitality Associates, Hotel Accounting and Finance
at Crestline Hotels, and the Commonwealth Lodging Leadership Team. I have researched their
company profiles and found that each one poses a unique service to us as each one of them has
something different to offer. However, here is a brief description of each one.
Coastal Hospitality Associates is headed by Thomas Lyons. Mr. Lyons primary focus includes
the overall planning and development of hotel sites, their architecture and design, new
construction and capital planning/reinvestment strategies. A graduate of Georgetown University,
founded Tidewater Hotels & Resorts in 1968. During the course of his career, Mr. Lyons has
developed and managed over 30 hotels in Virginia and North Carolina. In June of 2008 Mr.
Lyons sold Tidewater to Crestline Hotels & Resorts, Inc. Simultaneous with the sale of THR to
Crestline, Mr. Lyons also sold eight Marriott flagged hotels to Apple REIT. Following the sale,
Mr. Lyons formed Weatherly Investment Associates, LLC in July of 2008 to serve as an Asset
Management and Real Estate Holding company to oversee the ownership duties and
requirements associated with ten hotels retained by Mr. Lyons. In anticipation of the expiration
of the management contracts at several of his hotels, Mr. Lyons formed Coastal Hospitality
Associates, LLC to assume the management of the hotels as the contracts mature and expire
(http://www.coastalhospitalityhotels.com/about.html).
The second firm that caught my attention was Crestline Hotels & Resorts,
LLC Executive Management Leadership Team. They offer leadership
combined with professional opportunity and personal growth is the
foundation of success for Crestline Hotels & Resorts. Each of the Company's
senior executives averages more than 25 years of hospitality experience and
has built an esteemed reputation upon the management of financially
successful hotels. Through these strong leadership role models, and a focus
on internal professional development in a competitive atmosphere, Crestline
is building the hotel industry leaders of tomorrow as part of our hotel
management team today. It is this focus on developing the best talent in the
hospitality and hotel management industry that radiates from each of our
Senior Executives as we work towards our ultimate objective - enhancing
each hotel's value for the owner and hotel management team
(http://www.crestlinehotels.com/hotel-management-leadership-team.aspx).
Lastly, the Commonwealth Lodging Leadership Team headed by Timothy
Stiffler. Timothy J. Stiffler is President of Commonwealth Lodging
Management, LLC. In 2008, Mr. Stiffler completed the sale of Tidewater
Hotels & Resorts, a nationally ranked top 50 hotel management company
where he served as President for 18 years. Tidewater developed, owned and
operated 24 hotels in Virginia and North Carolina. The company was a
franchisee and strategic development partner for Marriott International.
Other franchise affiliations included InterContinental Hotel Group, Starwood
Hotels, Hilton Hotels, Choice Hotels, and the National Park Service. Mr.
Noemi Gonzalez
Noemi Gonzalez
References