Meyer Jabara Motels emerged from the pandemic stronger than ever. The administration and possession group is coming off a record-
setting 12 months. To maintain the corporate on this trajectory for monetary stability and progress, MJH appointed 30+ 12 months lodge finance veteran Jay Sarkar as Chief Monetary Officer.
“In at this time’s economic system, common every day charges and revenues are up; that’s the excellent news,” stated MJH President Justin Jabara. “The unhealthy information is the price of items, capital tasks, curiosity, and labor are up too. To maintain Meyer Jabara Motels financially sturdy and rising, we introduced in an professional in lodge finance. Jay is a results-driven, hands-on CFO who is understood to develop company methods and translate them into actionable monetary plans that maximize profitability and efficiency. He’s a forward-thinking chief with tactile foresight and demonstratable success capitalizing on progress alternatives, enhancing bottom-line efficiency, and optimizing organizational efficiencies. We’re delighted to carry Jay on board and contemplate him a trusted advisor and accomplice to our stakeholders and government staff.”
Along with managing the accounting processes for Meyer Jabara’s 31 particular person inns, Sarkar is tasked with planning the monetary way forward for the administration firm. He will probably be working alongside the Chief Funding Officer, VP of Investments & Asset Administration and the VP of Improvement to get extra inns into the portfolio.
“Whereas we watch for the economic system to stabilize, we’ll concentrate on finetuning the finance division and making it a well-oiled, plug-and-play machine,” Sarkar stated. “As well as, we will probably be creating a brand new reporting course of constructed on accuracy and timeliness to verify all monetary knowledge is constant throughout all Meyer Jabara Motels. Key to monetary success will probably be including extra income from the management-company aspect of the enterprise.”
Longevity in Hospitality
Hospitality is Sarkar’s ardour. Previous to becoming a member of Meyer Jabara Motels, Sarkar served as CFO for StepStone Hospitality in Windfall, R.I., and previous to that held a CFO submit at Alena Hospitality in Orlando. He additionally held regional controller and quite a few finance positions with Pyramid Resort Group in Oak Brook, In poor health.; Adams Mark Motels in Indianapolis and Northbrook, In poor health.; and quite a few Starwood Motels & Resorts in New York. Sarkar is a licensed Licensed Public Accountant. He obtained his Grasp of Enterprise Administration diploma from the College of Phoenix and Bachelor in Accounting diploma from Mercy School in White Plains, NY.
“It’s actually an honor to affix a hospitality firm whose success comes from 45 years within the lodge enterprise,” Sarkar stated. “You don’t see longevity like this in too many industries. The Meyer Jabara identify – derived from the partnership of Invoice Meyer and Richard Jabara – holds loads of weight in our trade. I’m proud to work for this multi-generational household enterprise now beneath the course of Justin Jabara. The Journey Tradition and tutelage behind the Meyer Jabara identify is its actual energy.”