Wealth & Finance International - February 2017

85 February 2017 A Hospitable Approach Hospitality is an international manufacturer for FF&E for the hospitality industry for hotels, resorts and casinos. Its current holding company owns three factories totaling more than 2,000,000 square feet. As the fourth largest manufacturer in China the firm has worked on very high profile locations around the world. Dae Oh is Chief Executive Officer of the firm and his role is very diverse, from creating initial design concepts to ensuring overall growth. He tells us a little more about the company and its approach to business. “Our mission is to evolve while continuously maintaining our high standards and excellence in these areas,” he begins. “The basis of all our efforts creates lasting value for our partners. We strive tirelessly to advance these masteries as we seek new and innovative ways to enrich the lives of people who will experience the atmospheres our designs and products help create. “Our approach to any new hotel project is among the most unique in the industry. We take time performing market research regarding where our client hotel stands in the COMP set and we then build a budget around the new design that can support the hotels financial needs, which in return provides the best ROI for the owners. We have found this approach to be very effective in making sure the new increase in rate and occupancy will justify any renovation or new build costs. Dae informs us that this approach is unique to D Hospitality and has been proven to save owners 30-40% on the original budget, meaning owners can recover the cost of the renovations a lot faster. Dae also assures us that this is done without compromising in integrity of the design or quality. “We can truly claim these savings by offering no fees, no mark-up in products and direct manufacturing cost because we own the factory,” he explains. D Hospitality has grown year-on-year by 50% since 2011 and has reve- nues 93 million annually. It is now ranked among the top 25 purchasing firms in the US. Dae states that he owes a lot of this success to his dedicated team of employees and loyal clientele. “Our staff are the core of our business model and the conduit that makes every project come to life We also have the highest level of commitment to our clients and have not lost one client in more than five years. “For the future, we will see more growth and we will continue to seek top level executive talent to join our team.” Company: D HOSPITALITY Name: DAE OH Email: [email protected] Web Address: www.dhospitality.com Address: 4653 trueman blvd, hilliard, Ohio 43026 Telephone: + 1 866 878 7288 Dae Oh talks about the hospitality industry and his firm’s unique approach to taking on new clients. D 1702WF76