Consultants find $1 million in potential cost savings at Renaissance Hotel
Consulting firm Jones Lang LaSalle Hotels, hired to assess the operations of the Renaissance Hotel in downtown St. Louis, has issued some preliminary recommendations to the bondholders who now own the hotel. It has identified between $250,000 and $1 million of cost savings, some of which may come from temporarily shutting down part of the hotel:
Lastly, Mr. (Bruce) Stemerman reported that Jones Lang is evaluating alternatives for managing operations of the Lennox Building (suites unit), with the possibility of closing that building during periods when the tower is not fully occupied.
Stemerman, a managing director of Jones Lang, also reported that the hotel’s revenue for this year, originally projected at $44.3 million, will be reduced by about $4 million in an updated budget.
(No Ratings Yet)
Loading ...
David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
WOW
Just wait till they submit their bill. Then after the consultants bill is paid the cost savings will end up being a LOSS. What a JOKE.