Santa Clara, Calif. – November 30, 2010 – Hospitality Ventures Management LLC Selects CIPPlanner’s Enterprise Capital Program Management (CPM) Solution.
Hospitality Ventures Management LLC has selected CIPPlanner Corporation’s CIPAce™ Enterprise Capital Program Management (CPM) software to manage the Capital Improvement Programs for its 28 hotels.
CIPAce™ will improve Hospitality Ventures Management’s ability to manage multiple capital projects from concept to completion. Various aspects such as budgeting, purchase orders, invoices, project management, escrow cash accounts and assets will be managed by one single database. By creating a centralized repository of project information, CIPAce™ will streamline the management process for multi-year projects across multiple hotel properties while advancing collaboration among internal and external users, including owners.
CIPAce™ will give Hospitality Ventures the means to achieve its objectives today and in the future. The scalability and configurability of CIPAce™ will allow Hospitality Ventures to drive its CPM processes as a function of continuous operational improvement while optimizing and executing the Capital Program.
About Hospitality Ventures Management LLC. - Hospitality Ventures, formed in 2001, is a mid-size hotel ownership group specializing in the acquisition, renovation, repositioning, development and management of franchised full, select-service and upscale hotels, with a brand focus on Hilton and Marriott. With its unique skill sets of sourcing, repositioning and operating hospitality real estate, Hospitality Ventures seeks to take advantage of under-performing prospects in the public and private hospitality real estate markets.
About CIPPlanner Corporation – CIPPlanner Corporation, the leading provider of web-based enterprise class software for Capital Planning and Program Management, has been delivering innovative and reliable software solutions since 1998. CIPPlanner’s versatile flagship product, CIPAceTM, is a powerful enterprise platform supporting a comprehensive suite of applications including Capital Planning and Budgeting, Capital Project and Program Management, Construction Management, Vendor Portfolio Management, Grant Portfolio Management and Contract Portfolio Management for business, government, utilities, and transportation agencies.
Contact us at 1-866-364-8054 or sales@cipplanner.com, or visit www.cipplanner.com.