Benjamin West to oversee FF&E procurement
Benjamin West, the hotel industry’s largest global purchasing firm for furniture, fixtures and equipment (FF&E) and operating supplies and equipment (OS&E), today announced that it has been selected to provide FF&E procurement services for a 69-hotel portfolio undergoing a comprehensive renovation. The portfolio is comprised of Marriott and Hilton hotels located throughout the United States. The project will be coordinated by Ed Phaby and David Westrick in the company’s Dallas office.
“All told, these hotels will undergo about $200 million in renovations that will include approximately $70 million in new FF&E, making it one of the largest portfolio projects underway today,” said Alan Benjamin, president of Benjamin West. “We feel our extensive, multi-brand experience positions us to bring significant value to this type of project. Our team’s industry leading vendor relationships, unmatched knowledge and state-of-the-art processes, as well as our familiarity with brand standards and requirements, have allowed us to realize tens of millions of dollars in savings directly for our clients.
“While we have worked with hundreds of hotels from each of the major family of brands, including more than 350 Hilton hotels, we arguably have worked on more Marriott projects than any other procurement firm,” Benjamin added. “With the completion of this project, we will have serviced more than 1,000 Marriott flagged hotels.”
Benjamin West utilizes a state-of-the-art, proprietary purchasing system to create greater efficiencies. The RPM™ (Revolutionary Purchasing Management) system accelerates the rate and availability of information by providing real-time reports and financial data 24/7. This allows owners access to project and financial reports, historic tax credit tracking and coding assets to their general ledger.
“At this stage of the cycle, more portfolio transactions are likely, as well as investment in existing portfolios to maintain a competitive edge, and with that, ensuing upgrades and renovations to better position these assets,” Benjamin noted. “The ability to transition these deals quickly and cost-effectively will allow them to achieve their investment objectives.”
About Benjamin West
Established in 1998, Benjamin West ranks as the world’s largest hotel FF&E and OS&E procurement firm providing a full range of purchasing services, including budget development, specification review, technical analysis, bidding, expediting, and project accounting for hotels in the mid-market, upscale and luxury segments. With more than 110 worldwide employees, BW purchases over $1.5 million in FF&E and OS&E daily and completes an average of 400 projects annually in more than 40 countries. Additional information about the company may be found at its Web site: www.benjaminwest.com