Business View Magazine | April 2021

149 BUSINESS VIEW MAGAZINE APRIL 2021 OAK HOTELS , INC . third-party Food and Beverage leased operations. Insurance Expense and Risk Management/Loss Prevention Oak aggressively manages the potentially escalating expense of property, general liability and workers compensation insurance through proactive programs put in place to help reduce costs. The company is able to negotiate favorable coverage and premiums through their numerous contacts. Franchise Selection Oak has extensive experience and contacts with many of the major franchisors. The company has the experience and knowledge to recommend the most appropriate franchise for any given property, as well as ensuring that all current technology is available. company attempts to position each property as the best price/value in each market. Oak’s full-time Director of Internet Marketing strives to ensure that their properties are featured prominently within the various Internet search engines, as well as seeking out new advertising opportunities. Accounting Services A centralized, comprehensive accounting department whose services include financial statement generation, cash management, accounts receivable, accounts payable, payroll, bank reconciliation data entry and tax management. Food and Beverage Oak’s food and beverage expertise results in improving financial results as well as the quality of the customer’s dining experience. Oak is also experienced in negotiating and maintaining