Ryan Selected by Aimbridge Hospitality as Strategic Partner to Fulfill Hotel Occupancy Tax Compliance Needs
April 17 2024 - 9:11AM
Business Wire
Outsourced Indirect Tax Return Processing with
Ryan Ensures Seamless, Scalable Compliance for the Leading Global
Hotel Management Company
Ryan, a leading global tax services and software provider, has
partnered with Aimbridge Hospitality, a leading global hospitality
management company and the world’s largest third-party hotel
operator, to provide a seamless transaction tax compliance
outsourcing solution for its sales, use, and hotel occupancy tax
function. The partnership ensures access to Ryan as a strategic
global tax services firm, while providing Aimbridge with the utmost
support for highly nuanced and complex hotel occupancy tax (HOT)
compliance needs.
Ryan delivers a unique, integrated solution utilizing a
proprietary technology platform and leveraging compliance expertise
across a multitude of taxing jurisdictions. With a dedicated team,
Ryan will support Aimbridge’s hotel operations across the United
States and increase efficiency in ensuring compliance with evolving
regulatory updates by taxing authorities while helping provide data
transparency to its hoteliers.
“Ryan prides itself on tackling complex tax issues in a variety
of sectors, utilizing our deep bench strength of local experts and
technology capabilities to ensure our clients pay only the tax
owed,” said Damon Chronis, President of U.S. Operations. “In
today’s challenging hospitality climate, maintaining compliance as
a taxpayer in good standing is paramount. We are dedicated to going
above and beyond to serve as a valuable extension of the Aimbridge
tax function team.”
Through knowledge and data sharing, these two leaders in their
respective industries are collaborating to develop a solution that
is best in class, including filing and remittance of tax payments
generated through use of automation that Ryan developed and
tailored to the complexities that Aimbridge’s operations require.
Data aggregation, transformation, and preparation of transaction
tax returns are all performed in an effective and efficient manner,
with additional services like notice management, audit support, and
data visualization incorporated as part of the HOT return
compliance solution.
“As Aimbridge continues to raise the bar on our commitment to
service excellence, we expect Ryan will accelerate our efforts
based on their expertise,” said Drew Leavitt, Chief Accounting
Officer, Aimbridge Hospitality. “Every day we strive to become the
most trusted operator in the industry; our partnership with Ryan is
another way we’re proving that promise out as it allows us to
leverage a team of highly capable tax professionals at scale for
critical compliance work, just one of the many comprehensive
services we provide to owners to drive performance at each and
every hotel we manage.”
The five-year partnership kicked off in Q3 2022. HOT is a
vertical in the overall Ryan portfolio of Tax Compliance Services
(TSC). To learn more about Ryan’s hospitality-related capabilities
visit here.
About Ryan
Ryan, an award-winning global tax services and software
provider, is the largest Firm in the world dedicated exclusively to
business taxes. With global headquarters in Dallas, Texas, the Firm
provides an integrated suite of federal, state, local, and
international tax services on a multijurisdictional basis,
including tax recovery, consulting, advocacy, compliance, and
technology services. Ryan is an 11-time recipient of the
International Service Excellence Award from the Customer Service
Institute of America (CSIA) for its commitment to world-class
client service. Empowered by the dynamic myRyan work environment,
which is widely recognized as the most innovative in the tax
services industry, Ryan’s multidisciplinary team of more than 4,800
professionals and associates serves over 30,000 clients in more
than 80 countries, including many of the world’s most prominent
Global 5000 companies. More information about Ryan can be found at
ryan.com.
About Aimbridge Hospitality
Aimbridge Hospitality is the world’s leading global hospitality
management company. A trusted operator of over 80 globally
recognized lodging brands and distinctive luxury and lifestyle
assets, Aimbridge delivers compelling results for hotel owners by
leveraging proprietary data and insights as an authority in key
markets and destinations, while creating exceptional guest
experiences. Aimbridge continually strives to set the new standard
in hospitality excellence, leading the industry into the future
through a wealth of unmatched resources and best-in-class supplier
agreements, while recruiting and developing top industry talent in
all key verticals and geographies. To learn more, visit
www.aimbridgehospitality.com. Connect with Aimbridge on
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417907517/en/
Melodie Elliott Director, Content & Communications Marketing
Ryan 972.934.0022 melodie.elliott@ryan.com