Revere Hotel Case Study
What happens when you go from 22% property beverage costs down to 16% in a $2.5M beverage operation. For the owner the corresponding valuation impact is staggering. Depending upon what P/E ratio you choose, the valuation impact could be over $3M. For a property team and management company, you become heroes and earn the corresponding rewards of that status. That’s what was achieved at the Revere Hotel since their SBS partnership began in 2015. Inspired by the spirit of Boston, Revere Hotel embodies independence and originality. Located in the heart of the vibrant Theatre District, steps away from Boston Common, Revere Hotel is the crown jewel at the end of Boston’s luminous Emerald Necklace. Whimsical by day and energized by night, our dynamic Emerald ultra lounge stands out among Boston downtown hotels as a sophisticated place to spend an evening. The Rooftop@Revere is one of the most coveted rooftop lounges in Boston and our sleek and contemporary open lobby bar is designed as a forum for the people, welcoming visitors to a space that is unmistakably Bostonian.
The project started with an SBS Beverage Monitoring tool focus on the high volume Emerald Bar – a popular night spot in Boston. Then the system was expanded to support a new roof top pool bar which has quickly become a place to be for the local end of business day crowd. And finally in 2017 a new Lobby Bar was also added to the beverage control tool lineup.