M3 Welcomes First Canadian-Based Hotel Partners

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M3 adds nearly 100 properties across two internationally recognized brands

"We were most impressed with the fact that M3 is rooted in the hotel industry and is truly a hotel-first solution,” said Jonathan Murray, Genesis Hospitality Chief Financial Officer.

M3, a powerful financial platform and services company for the hospitality industry, announced the addition of InnVest Hotels and Genesis Hospitality to its growing international portfolio. Signaling M3’s first Canadian-based customers, both InnVest and Genesis Hospitality have rolled out M3’s popular Accounting Core and Operations Management products across the combined 98 properties throughout Canada.

Accounting Core is M3’s entry point solution that provides robust accounting and financial analysis to more than half of the top management companies in the U.S. M3’s Operations Management solution is a back-office business analytics tool that increases efficiencies and reduces expenses.

InnVest Hotels is based in Toronto and holds the largest independently owned and operated hotel portfolio in Canada. With 14 internationally recognized hotel brands spanning 86 properties, InnVest is known for its diverse portfolio of developments ranging from roadside inns to luxury hotels in every major region across the country. Top brands include St. Regis, Hilton, Holiday Inn, Hyatt, Kimpton, Marriott, Sheraton, Autograph Collection, Comfort Inn and more.

Genesis Hospitality is based in Brandon, Manitoba, and is a hotel manager and developer with 12 properties spanning six brands.

“One of the main questions hoteliers ask one another at major industry conferences is what solutions they’re using that drive results. Time and time again, we heard that M3 is the go-to accounting solution for top hotels in the U.S. After months of conversations about entering the Canadian market, we are thrilled to finally implement M3’s Accounting Core and Operations Management products. We were most impressed with the fact that M3 is rooted in the hotel industry and is truly a hotel-first solution,” said Murray. “After learning more about the company and testing out other hospitality accounting platforms, we found that M3’s specialized accounting services were the perfect fit for Genesis properties.” – Jonathan Murray, Genesis Hospitality Chief Financial Officer

"We were initially attracted to M3 because their products are tailor-made for hotels. During our first demo, we knew immediately that M3 was for us. The operational module is like nothing else we've seen and will take our brand to new heights. With M3, our GMs can spend more time engaging staff and customers and less time budgeting.” – Chantal Nappert, InnVest Vice President of Finance

“We are thrilled to welcome Genesis and InnVest to the M3 family. While we’ve had single-property locations outside the U.S. use M3 in the past, Genesis and InnVest represent larger portfolios and companies with aggressive growth plans that realize our entire mission to contribute to their long-term success by providing a robust, industry-specific and scalable solution for their financial and data insight needs. After analyzing the Canadian market and meeting with the Genesis and InnVest leadership teams, it was clear that these partnerships fit nicely with M3’s growth strategy.” –Scott Watson, M3’s Chief Sales & Marketing Officer and Partner

About M3
Built by hoteliers, exclusively for hoteliers, M3 is a powerful cloud-based financial platform and services company serving the hospitality industry that drives cost savings, revenue enhancement and business insight. Nearing 20 years in business without increasing prices, M3 touts a 98 percent customer retention rate without contracts. Used by management groups 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 also includes a proprietary hotel benchmarking index that combines data from more than 3,500 properties into a single accessible data set to compare hotels. For more information, visit http://www.m3as.com.

Media Contacts
Lou Hammond Group
Hannah Buffington / Parker Butler
hannahb(at)louhammond.com / parkerb(at)louhammond.com

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