SOURCE: InnSuites Hospitality Trust

March 16, 2016 14:05 ET

IBC Hotels Partners With Source1 Purchasing

PHOENIX, AZ--(Marketwired - Mar 16, 2016) -  IBC, a division of InnSuites Hospitality Trust (NYSE MKT: IHT), expands its collection benefits by partnering with Source1 Purchasing, a leading national Purchasing Services Organization, to provide its members a comprehensive procurement solution to help drive down operating costs and leverage their spending.

"I am excited to be offering this option to all IBC members. Source1 Purchasing is the only Purchasing Services Organization uniquely positioned and committed to doing business with independent hotel operators," says Pam Barnhill, President and COO of IBC Hotels.

IBC had been searching for a simpler, streamlined solution for her hotels' purchasing operations and a way to ensure a wide variety of purchasing options that deliver an average of 7% in costs savings annually. By partnering with Source1, she found that partner. Participating IBC hotels will have access to national account pricing for over 700 Source1 suppliers and $7 billion in purchasing power including food and beverage products that are distributed solely through Sysco. Also available at contracted pricing levels are operating services and equipment (OS&E) across a broad number of categories including linens, chemicals, maintenance, engineering, tabletop and office supplies with market leading brands like Welspun Linen, FedEx, Office Depot and Best Buy.

Currently, six IBC locations are enrolled in the Source1 - IBC MarketPlace. Along with nationally-negotiated pricing on their products, IBC members will gain the confidence that comes from operator focused supply chain expertise, analytics using their purchasing data and a customer support team who will guide these management groups toward better and more profitable purchasing decisions for their locations.

"As operators serving operators, we have a passion and an affinity for the hotel operator. Source1 works hard to develop programs and educational platforms that independents can take advantage of. We look forward to protecting the IBC promise through our supportive services," says Scott Hoffmire, President of Source1 Purchasing.

About Source1 Purchasing

Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for lodging, leisure, restaurant and gaming industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information, visit www.source1purchasing.com or call (877) 717-5566.

About IBC Hotels

Founded in 2008 by independent hoteliers, IBC is a leading cloud-based technology platform with collection benefits for independent and boutique hotels that allow hotels to attract & reach guests with tools to optimally operate their hotel.

-Global - No Long-Term Contract - Increase REVPAR - Full Guest Info -24/7 Support - Loyalty Prgm - Purchasing Prgm - & much more. For more information, visit www.ibcowners.com

With the exception of historical information, the matters discussed in this news release may include "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance due to numerous risks and uncertainties and are described in greater detail in our filings with the Securities and Exchange Commission. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained.

For more information visit www.innsuitestrust.com or www.sec.gov.

Contact Information

  • FOR FURTHER INFORMATION:

    Marc Berg
    Executive Vice President
    602-944-1500
    email: mberg@innsuites.com