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Hotel Pati managers report operating losses, urge city support and destination marketing
Summary
Perry Hospitality Inc. told the council Hotel Pati remains unprofitable despite local ownership and fundraising; occupancy is about 18–20%, PHI has paid for some repairs to keep rooms available, and PHI and Friends of Hotel Pati urged city-backed destination marketing and possible utility cost relief to reach break-even.
Tom Burkran, president of Perry Hospitality Inc. (PHI), presented an extended update on Hotel Pati's operations and finances, saying the locally run management group has not yet reached profitability. Burkran said PHI operates the hotel under a three‑year lease signed in October 2023, employs about 50 people, and runs two profit centers — lodging and food & beverage — but still runs at a loss.
Burkran told the council PHI's average occupancy rate is “somewhere around 18 to 20%,” which he described as well below industry standards for a full-service boutique hotel; he said an additional roughly 50 room nights per week would move the hotel toward break-even. PHI has increased its…
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