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Ernest F. Oriente of Power Hour®

Ernest F. Oriente
435-615-8670 fax
Park City, UT

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Corporate Housing Buying [LLC]

PowerHour<sup>®</sup>Corporate housing companies, like yours, generate $3 billion in revenue a year. $1.4 billion is spent on the rent paid to apartment communities and the balance of $1.6 billion is allocated for salaries and the goods/services it takes to prepare a guest suite.

  • Imagine for a moment the buying clout/voice you will have when 500+ leading corporate housing companies, with 78,000+ suites, want to make a purchase?
  • Imagine the preferred pricing, payment terms, and delivery preferences you will have?
  • Imagine the clout/voice you will have when a vendor/supplier is not delivering on their promises?
  • Imagine having the buying clout/voice — already in place for extended-stay hotels our direct industry competitors?

Since 1995 I have coached/guided 350+ of the leading corporate housing companies around the world and in 2008 I spoke with the 30 leading CEOs in corporate housing about forming a buying co-op that will give them [and you!] the buying/pricing clout they needed. They loved the idea — and thus, we formed CH Buying™, LLC.

Here is how CH Buying™, LLC works:

Below is the list of corporate housing products/services we are focusing on for the members of CH Buying™, LLC.

  • Advertising, buying print and Internet ads
  • Bedding [mattresses, etc.]
  • Business software, for running your company
  • Cable/Internet/telephone service bundles
  • Cell phone prices
  • Credit card processing fees [the fees paid to MC/VISA/AMEX]
  • Credit screening of guests/companies
  • Electronics, DVDs
  • Electronics, TVs
  • Furniture, buying it for your suites
  • Furniture, renting it for your suites
  • Guest points, for airline redemption
  • Guest points, for hotel redemption
  • Kitchen utensils [forks/knives, etc.], dinnerware/plates, glassware, pots/pans, appliances
  • REITS, lease flexibility and waiving of deposits
  • Telephones
  • Towels, for bath and kitchen
  • Utilities, the consolidation of billing statements

Some of the products and services that CH Buying™, LLC provides to their members include :

  • By joining CH Buying™, LLC you can buy furniture, electronics and furnishings for your furnished suites [accessing 120 leading companies like: GE, Sealy, Serta, Tempur-Pedic, Sony, Samsung, Phillips, Ashley Furniture, just to name a few] — at wholesale prices—saving 10% to 30% when ordering. Imagine 12 months from today—if instead of paying $100,000 in furniture rental fees—you added $79,000 to your bottom line because you are no longer paying rental fees to set-up your furnished suites?

  • By joining CH Buying™, LLC you are able to get better pricing from industry vendors/suppliers, price shop between industry vendors/suppliers, get better lease terms from property management companies, and join an industry-wide monthly conference call with other members of By joining CH Buying™, LLC —who are all focused on ways to gain more profitability for their corporate housing companies.

  • By joining CH Buying™, LLC you will have access to a national health care plan exclusively for By joining CH Buying™, LLC members. If you are like many corporate housing companies, health care costs have been increasing 20% - 25% each year. This national health care program covers your employees and their eligible family members with medical, prescription drug coverage, life/AD&D and dental insurance---in one convenient plan. Getting a quote is as easy as a simple phone call and you will be able to compare these national rates with your current rates.

  • By joining CH Buying™, LLC we will show you how to reduce your credit card processing fees by $10,000 to $17,000 per year—per $1,000,000, in revenue that *passes-through* your company. Some of ourBy joining CH Buying™, LLC members are now saving $100,000 to $250,000 per year—by reducing their credit card processing fees.

On the first of each month an E-mail newsletter is sent to all members with an update from the month + a rolling/continuous update from buying progress made in prior months. This monthly member update includes all of the information that members need to call/contact vendors/suppliers---to get the preferred pricing, payment terms and/or delivery preferences that have been negotiated.

At the start of each month, CH Buying™, LLC members are invited to join a rapid-fire brainstorming conference call to get a fast-start on ideas and resources for the buying area/focus we are going to work on during the month. Member participation is highly recommended for this call and the conference call is recorded for members not able to join live.

Project Managers for CH Buying™, LLC are Nancy Swenson and Jennifer Carmichael, and they provide the member support for the steps described above and the ongoing sourcing of new vendors/suppliers.

Over the last 18+ years of coaching/guiding leading corporate housing companies around the world, I know how very tight the profit margins can be in the corporate housing industry. It is my dream with CH Buying™, LLC to help you and your corporate housing team increase your profitability, expand your clout and voice with vendors/suppliers and to create a powerful new way to think about buying [and saving!]—much like extended-stay hotels are already doing.

Questions? Call 435-615-8486

The Coach,
Ernest F. Oriente

PowerHour® is a thought-leader in executive recruiting services, investment banking consulting services, corporate housing training, corporate housing webinars and group co-op buying services for our corporate housing clients around the world. PowerHour® excels at delivering search engine optimization {SEO}, search engine marketing {SEM}, 64 steps for website, social media and digital success, a 30 point website evaluation and lead conversion success for our clients. Since 1995 PowerHour® has been the industry leader, the author of the SmartMatch Alliances book, research analyst of Internet Marketing PowerHour White Papers and the founder of the PowerHour® Sales Academy. Find out about new hire training. Follow us on Facebook® plus Twitter® and connect with us on LinkedIn®.

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