LETAP Management
A Division of LETAP Hospitality, LLC

Administration

Business at the hotel is conducted by an Executive Committee, consisting of the General
Manager, Controller, Director of Sales, Front Office Manager, Executive Housekeeper and
Chief Engineer.

This committee in addition to reviewing operational matters and employee and guest relation
matters works together to produce a weekly forecasting of business volumes.
From this projection each respective operational manager schedules staffing and expenses
to conform to the occupancy expected.

LETAP Management has standard administrative procedures to control management labor
costs, hourly labor costs, direct expenses, non-direct expenses.

LETAP operates each property with the correct staffing levels and still maintains payroll
costs at 20-24% of revenues.