Summary
Overview
Work History
Education
Skills
Affiliations
Timeline
Generic

MARK HOFFMAN

Frisco,TX

Summary

Successful senior financial leader and executive with a background leading all aspects of finance and accounting. Successful in leading finance and operational cross-functional teams and delivering results. Extensive experience in Banking, Financing, Luxury hotels and resorts, as well as branded hotels. Experience in Public Accounting and CPA inactive.

Overview

22
22
years of professional experience

Work History

SVP/Chief Financial Officer

FOCUS MANAGEMENT GROUP
07.2024 - Current
  • Company Overview: Hotel Management/Development Company
  • Serving as Chief Financial Officer leading all financial aspects of the company including strategic, planning, risk, cash flow/requirements, compliance and owner relations. The focus is in performance analysis and improvement, along with implementation of new methods and systems. Heading up banking relationships, financing activities/feasibility of new and existing deals and projects. Leading company efforts in analysis and underwriting of debt financing and project viability for future operations. Responsible leading centralized finance staff and execution/publishing of financial statements and analysis. Reporting responsibility to owners, lenders and operations leaders.

Chief Financial Officer

COTE FAMILY COMPANIES
03.2019 - 04.2024
  • Company Overview: Resort Owner/Management and Development Company
  • Served as Chief Financial Officer for a company consisting of multiple divisions. As an officer of the company my responsibilities included all financial responsibility for the company, risk management, insurance, operations and Information Technology. Major accomplishments in the four years included change of every technology system enterprise wide including financial reporting, PMS, POS, golf, retail and inventory management. Process re-engineering of legacy processes and internal controls. Leading and being a change agent in all aspects of operations and company process. Reporting directly to the Board of Directors providing expert guidance and influence on company direction including future expansion planning, investments and re-investment in existing business units. Standardization in all aspects of the operations in the business units and financial reporting.

VP Corporate Director of Hotel Accounting

WIDEWATERS HOTELS
12.2017 - 03.2019
  • Company Overview: Hotel Management and Development Company
  • Served as VP Corporate Director of Hotel Accounting. I had responsibility for the entire portfolio of 30 hotels financial operations. This included directing/supervising both centralized and decentralized sites. Responsible for treasury management and centralized banking for properties. During my time at Widewaters I rebuilt and improved the entire centralized accounting department and created a centralized accounts payable department. Reduced monthly closing time with process changes to 5 business days. Instrumental in companywide implementation of SAP as an ERP system. Successfully opened 3 full service hotels in 6 months with two of them having annual revenues in excess of $30M each.

Corporate Controller

KINSETH HOSPITALITY COMPANIES
03.2016 - 08.2017
  • Company Overview: Hotel Management and Development Company
  • Served as Corporate Controller head of all financial and accounting operations in hotel/restaurant management and real estate/hotel development company. Manage all centralized property financial operations for a portfolio of 65 full and limited-service hotels with 8 in construction. Responsible for all corporate finance and accounting and maintaining strong relationships with operations staff. Guided and directed corporate staff of 28 and 12 property accounting staff. Responsibilities included HR and centralized company payroll departments. Maintaining complex daily banking needs and centralized Accounts Payable.

VP of Financial Projects and Internal Audit

DESTINATION HOTELS
04.2013 - 02.2016
  • Company Overview: Hotel and Resort Management Company with operations in luxury, resort and full-service hotels.
  • Served as implementation director, process re-engineering lead and support resource with full accounting/financial consolidation and reporting point to portfolio of 46 hotels and resorts. Successful in directing and guiding implementation of full consolidation budgeting, forecasting and reporting software package in an extremely challenging and diverse portfolio of assets. Also achieved optimum results in guiding company through 11th edition USALI conversion and general ledger changes. Was responsible for corporate portfolio reporting and directing the re-writing of report parameters and presentations. Provided overall portfolio accounting and general ledger review at corporate level for areas of opportunity at property levels for consistency and best practices. Performed company internal audit processes, as well as conducted audits following up with properties on areas needed for improvement. Active member of the new acquisition transition team providing initial and ongoing pro forma review, accounting and financial policy and procedure implementation at properties.

Regional Director of Finance

TIMBERS RESORTS
10.2011 - 03.2013
  • Company Overview: International Luxury Hotel Management Company and Real Estate Developer with 12 properties worldwide.
  • Oversaw all aspects of finance and accounting, for 3 companies in Vail totaling $31 million in sales and oversaw centralized accounting and finance for the collection. Devised cost controls and annual business plan with senior development executives and property department heads. Financial results for reporting to management and ownership analyzed, as well as meet reporting requirements for investors. Managed change during company transitions and guided the process implementation of company standards and policies. Served as an officer on two HOA boards of directors and lead budgeting, owner billing and annual audit for the two HOA’s. Managed the owner rental pool agreements and monthly accounting. Duties also included all financial aspects of real estate condominium and vacation club membership sales.

VP Corporate Transitions

RICHFIELD HOSPITALITY
11.2003 - 10.2011
  • Company Overview: Hotel Management Company with extensive diverse portfolio.
  • Directed all aspects of property transitions including operations/finance/HR and brand requirements for incoming and outgoing properties. Included all aspects of systems implementation, owner relations, staff training, budget preparation and execution, cash and requirement management and implementation of corporate SOP’s. Improved the entire transition process to be more streamlined, allowing faster execution and the ability to transition multiple properties at once. Completed 22 transitions in one year. Lead the integration of the financial accounting process into a changed role with closer ties to the operations teams.

Education

MBA - Finance/Accounting

St. Martin’s University
Olympia, Washington

Bachelor of Science - Accounting

University of Indianapolis
Indianapolis, Indiana

Skills

  • Financial Management
  • Business Intelligence
  • Process Improvement Policy Development
  • Budgets/Forecasts
  • Strategic Business Planning
  • Change Management
  • Variance Analysis
  • Risk Management
  • Treasury Management
  • Internal Controls

Affiliations

  • Certified Public Accountant (CPA) INACTIVE
  • Certified Hospitality Accountant (CHAE)
  • Certified Hospitality Technology Professional (CHTP)
  • Vice President of Colorado HFTP Chapter
  • Institute of Management Accountants
  • Hospitality Financial and Technology Professionals
  • Rotary International

Timeline

SVP/Chief Financial Officer

FOCUS MANAGEMENT GROUP
07.2024 - Current

Chief Financial Officer

COTE FAMILY COMPANIES
03.2019 - 04.2024

VP Corporate Director of Hotel Accounting

WIDEWATERS HOTELS
12.2017 - 03.2019

Corporate Controller

KINSETH HOSPITALITY COMPANIES
03.2016 - 08.2017

VP of Financial Projects and Internal Audit

DESTINATION HOTELS
04.2013 - 02.2016

Regional Director of Finance

TIMBERS RESORTS
10.2011 - 03.2013

VP Corporate Transitions

RICHFIELD HOSPITALITY
11.2003 - 10.2011

MBA - Finance/Accounting

St. Martin’s University

Bachelor of Science - Accounting

University of Indianapolis

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