Financial Foundations

It’s that magical time of year again—Business Planning Time at Newport! I use the term "business plan" to emphasize our holistic approach to managing our business. It’s not just about Occupancy, ADR, and Profit—though these are crucial. We need to look beyond the typical budget documents to drive the best outcomes.

Artful Spending

It may sound odd, but there is an art to spending money wisely. I remember working with my father as a boy, questioning various purchases he would make for his company. Why wouldn’t he buy me a new bike, but he would spend thousands on new plows or tractors. I can only imagine what my daughters think now that I am responsible for the business.

Courtyard West Orange, NJ - Thomas Edison National Historical Park

Immerse yourself in innovation at the Courtyard West Orange, perfectly positioned for visitors to the Thomas Edison National Historical Park. Explore Edison's laboratory and vintage film studio, just a short drive from the hotel. The hotel itself offers comfortable rooms and modern amenities, ensuring a restful retreat after a day of historical discovery.

Hilton Garden Inn Frederick, MD - Frederick's Historic Canals

Nestled in the heart of Frederick, the Hilton Garden Inn offers easy access to the picturesque water canals that are a staple of this historic city. After exploring the scenic waterways and charming downtown, guests can enjoy the hotel's cozy accommodations and on-site dining. The serene environment is ideal for both relaxation and adventure.

Fairfield Inn Charlotte, NC - NASCAR Hall of Fame

Race to the Fairfield Inn Charlotte, a prime location for NASCAR enthusiasts heading to the Hall of Fame. Celebrate the history and thrill of racing, then unwind in the hotel's spacious rooms. With its close proximity to Charlotte's vibrant city center, this hotel is a gateway to all the metropolitan delights.

Residence Inn Blacksburg, VA - Virginia Tech

Visiting Virginia Tech? Make the Residence Inn Blacksburg your home base, where comfort meets convenience. Ideal for prospective students and families, this hotel offers extended stays with home-like amenities. Step out and explore the sprawling campus or downtown Blacksburg, all within easy reach.

Homewood Suites Great Valley Malvern, PA - Valley Forge National Park

Escape to Homewood Suites Malvern, a tranquil retreat near Valley Forge National Park. This hotel serves as a perfect base for history buffs and nature lovers alike, offering spacious suites for families or longer stays. Explore the extensive trails and historic sites of Valley Forge, then relax by the hotel's outdoor fire pit.