Background

Southern Hospitality, Inc. has experienced remarkable growth over the past turbulent decade.  Headquartered in Oklahoma City, Oklahoma, the company was established in 1986 by Robert E. Slater as a full-service hotel management company.  From inception, the company managed all types of hotel properties, primarily for financial institutions, including distressed properties in highly competitive markets.  With an emphasis on "all that it takes" to provide exceptional customer satisfaction, the company accomplished extraordinary turnarounds of the hotels it has managed.

During the first four years of operation, the company served banks, life insurance companies and other lending institutions, including the Federal Deposit Insurance Corporation (FDIC), Federal Savings and Loan Insurance Corporation (FSLIC), and savings institutions controlled by the Resolution Trust Corporation (RTC).  The responsibilities of the company in such regard included property operational reviews, market studies and strategies, loan evaluations, borrower-lender reviews, management concerns, receiver responsibilities, brokerage and all phases of lodging property consultation.

After nearly half a decade of successful operation of a management company, Robert Slater recognized there were numerous opportunities to acquire outstanding properties throughout the United States.  These opportunities, combined with the management experience of the Southern Hospitality team created the right set of circumstances for the purchase and take-over of outstanding, but under-performing, hotel properties and then to successfully market these properties.

Charlottesville, Virginia - DoubleTree            
Cocoa Beach, Florida - DoubleTree Oceanfront

This strategic change accelerated the growth of the company.  In 1990, the company only managed properties owned by other individuals, institutions, or companies.  Today, through affiliated limited partnerships, the company has acquired numerous hotels and has exclusively managed this hotel portfolio with a wide rage of franchise affiliations from mid-price to upscale brand names.  They include the following:

Novi, Michigan - DoubleTree
Tulsa, Oklahoma - Holiday Inn South
Woodward, Oklahoma - Northwest Inn

Mission Statement

The mission of Southern Hospitality is to provide total customer satisfaction to achieve more than the company's fair share of the market in which it  operates a hotel.  By doing this, it can provide a superior rate of return to the company's investor partners.

Our company has a distinguished track record, which has been supported by a cadre of outstanding banks and private investors.  The combination of superb timing, excellent acquisition and operating skills and solid capital support has allowed Southern to attain significant growth and higher investment returns over the decade of the 1990s.  The outlook for the future is just as bright and exciting.

Distinctions

In addition to its investor achievements, Southern Hospitality, Inc. has received numerous public honors for performance.  The company has been recognized three times by Oklahoma City's Metro 50 for being among its Top 50 Fastest Growing Companies in the Oklahoma City area.

During 1998, the Oklahoma Venture Forum (OVF) recognized Southern Hospitality, Inc. as one of the fastest growing privately held companies in Oklahoma.  Hotel Business Magazine, September, 1998 listed the Top 100 Owners and Developers in the nation, with rankings calculated by total number of rooms and listed Southern Hospitality as 24th in the nation for 1997.  Between 1993 and 1997, the annual gross revenue from affiliated-owned hotels increased from $10.5 million to nearly $40 million, an increase of 282%.  This multi-million dollar enterprise has grown to over 1,300 full-time employees to service the hotels' guests.