Lodging Econometrics (LE) has been named the 2017 Family Business of the Year by the University of New Hampshire’s Center for Family Business. LE was honored at the 7th Annual Awards Dinner recently held at the Manchester Country Club.
Each year, the UNH Center for Family Business recognizes a family business that exemplifies leadership and excellence in their industry. LE was chosen for their innovative business practices within the lodging industry, the multigenerational involvement of family members in the business, support of the University of New Hampshire (UNH) and its programs and for their contributions to the community.
“We continuously strive to be leaders in the lodging industry and actively support several statewide non-profit organizations including New Generation, a homeless shelter for women and their children in Greenland, NH, and the various charitable fundraising endeavors of the Roman Catholic Diocese of Manchester, NH,” said Patrick Ford, Founder and CEO of LE. “Lodging Econometrics is currently led by my three sons: Timothy, JP and Bruce and my daughter Julie who serves as a director. We have been active members of the Center for Family Business and have worked closely with the Peter Paul Business School at the university for several years. Tim, Chief Operating Officer of LE, recently completed its Leadership Development Program. We have also hired numerous interns and employed many students with foreign language experience. We are truly honored to have been selected for this award,” he continued.
LE is recognized as the industry’s authority on global hotel real estate. LE organizes the world’s Lodging Construction Pipeline, identifies decision-makers and compiles an Online Database for hotel franchise companies, investor groups, management companies and vendors to the industry. This research helps their clients expand their business and increase their market share. LE also compiles portfolios of Management Guidance Reports that summarize the business potential available to them in each of their sales territories and Real Estate Trend Reports which display the latest economic and industry trends for their strategic planning.
“Our customized Real Estate Intelligence Programs identify every new business opportunity in any country or market that our clients are targeting and provide decision maker contacts for each project. This translates to a real competitive advantage for our clients,” said Ford.