Industry Update
Supplier News13 April 2021

M3 Welcomes Sage Hotel Management to Growing Customer Base

Leading hotel management company leverages M3’s best in-class reporting and business analytics capabilities

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M3 Hotel Accounting

GWINNETT, Ga. - Today, M3, the hospitality sector's #1 cloud-based accounting, financial reporting and data management platform in North America, announced the addition of Sage Hotel Management, a Sage Hospitality Group company, to its growing portfolio. As of March 2021, M3 proudly serves nearly 950 individual customers representing more than 6,700 active hotels online.

"We work with our customers every day to ensure they are equipped with the best possible tools designed specifically to help meet their financial, operational and data management needs," said Scott Watson, Chief Sales & Marketing Officer at M3. "Sage Hotel Management is a forward-thinking company that recognized the value of switching to M3's platform, and we are excited to offer robust accounting and financial analysis across their portfolio."

As one of four distinct companies that comprise Sage Hospitality Group, Sage Hotel Management is responsible for the development and operation of the company's award-winning portfolio of approximately 55 independent and branded luxury, lifestyle, full-service and focused-service hotels with more than 12,000 guest rooms across properties in 18 states.

Sage Hotel Management will utilize M3's entry-point platform, Accounting Core, its business intelligence platform, Insight, and M3's Professional Accounting Services, offering real-time accounting, financial and data analysis services to Sage's entire portfolio.

"Compared to our previous providers, the simplification and consolidation of M3's platform and their customer service made our decision to switch easy," said Daniel del Olmo, President and COO of Sage Hotel Management. "Not only did M3 offer superior products at the best prices, but the company's values and principles greatly align with our own. The spirit of our partnership with M3 has made us all the more confident that we made the right decision for our accounting services."

More than half of the 2020 top hotel management companies rely on M3's solutions to manage daily financial and labor operations. With a rapidly growing customer base, M3 has implemented forward-thinking initiatives and product enhancements in 2021, including the integration of enhanced mobile applications as well as intuitive and proactive financial analysis capabilities. To further support these initiatives, M3 devotes increased resources and expertise to embrace new technologies, automation and continuous delivery for M3 products and services.

M3 offers hoteliers a user-driven set of solutions designed with highly visual and interactive dashboards, mobile compatibility, ad hoc reporting and robust analytics - all created from the perspective of the end user, whether they be an operator, property owner or asset manager. Suitable for single-location properties to entire hotel portfolios, M3 offers a powerful and intuitive solution that provides actionable data in real time.

To learn more about M3 or to request a demo, please visit www.m3as.com.

To learn more about Sage Hospitality Group and its companies, including Sage Hotel Management, please visit www.sagehospitalitygroup.com.

About Sage Hospitality Group

Founded in 1984, Sage Hospitality Group is a Denver-based hospitality management, investment and development company comprised of four distinct companies: Sage Hotel Management, Sage Restaurant Concepts, Sage Investments and Sage Studio.

  • Sage Hotel Management is a passionate group of accomplished industry veterans who have led the way in defining experiential hospitality while maintaining a reputation as best-in-class operators and consistently delivering results. With a diverse portfolio of more than 50 hotels across the US, Sage Hotel Management is deeply invested in managing independent, soft-branded, luxury, lifestyle and upscale hotels from coast to coast.
  • Sage Restaurant Concepts, founded in 2005, boasts more than 30 restaurant, bar and coffeeshop locations in 11 states across the country in top cities such as Chicago, Denver, Philadelphia and Portland. Comprised of seasoned restaurateurs and innovators, SRC is committed to consistently crafting exceptional experiences that forge a bond with guests and believes in the power of impacting lives through hospitality.
  • Sage Studio gives structure to what Sage has long been known for: creating places people want to go to, not through. Sage Studio is dedicated to creating spaces that fuse creativity and ingenuity to light the way for a new standard in hospitality. From restaurants, to branded hotels, to soft brands and independent properties, Sage Studio creates brands rooted in concise and exciting messaging that allows those businesses to tell their unique story.
  • Sage Investments brings a deep understanding of markets and risk to the company, allowing Sage to have a reputation as not only a great operator but also a great and determined investment partner. Whether investing for the short term or long term, Sage Investments strives to achieve outsized returns for its partners by finding and adding value in unique and proprietary ways.

To learn more about Sage Hospitality Group and its companies, visit sagehospitalitygroup.com

Related Products

Accounting Core

The entry point to the M3 platform, Accounting Core provides a set of 16+, easy-to-use modules that streamline accounting functions. Hotel owners, management teams and general managers have an accurate snapshot of financial performance across multiple properties.

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Insight

Insight allows hoteliers, from corporate to property, to better visualize and utilize data from multiple systems. This self-service BI tool centralizes all key performance indicators (KPI"s) and M3 data points to provide business insight at-a-glance.

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About M3

Built by hoteliers, exclusively for hoteliers, M3 is a powerful cloud-based financial platform and services company serving over 6,700 properties across North America"s hospitality industry by driving cost savings, revenue enhancement and business insight. After 22 years in business without increasing prices, M3 touts a 95 percent customer retention rate without contracts. Used by over 950 management groups and owner operators and hotels of all sizes, the platform works seamlessly with other key systems and tools in the hospitality industry and offers robust accounting and financial analysis across entire portfolios with optional operations and time management features. M3"s professional services team provides on-demand support for hotels of any size by offering a full range of customized accounting solutions to scale with a hotel"s needs. Privately held and employee owned, M3 continues to enhance products and services at no additional charge to its customers. For more information, visit www.m3as.com.

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Haley Twiggs
Sales and Marketing Analyst
Phone: +1 770 531 3746
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