Patrick H. “Pat” Ford, the founder and chairman of Lodging Econometrics, has passed away.
After graduating from Keith Academy, in Lowell, Massachusetts, Ford went to work at Lamie’s Inn & Tavern in Hampton, New Hampshire, for the Dunfey Family Hotel Company, which subsequently recommended him to the UNH Hotel School. He then became the assistant food & beverage manager at the Eastland Hotel in Portland, Maine. He later transferred to Burlington, Vermont, and became the GM of what is now the Doubletree Hotel and originally known as the Sheraton Hotel Burlington. He subsequently became GM of the former Sheraton Wayfarer Bedford, as well as the Parker House in Boston, N/K/A the Omni Parker House. He is credited with establishing the annual budgeting process in the hotel industry.
After many more roles within the hotel industry, Ford established his own hotel management company which soon expanded into hotel brokerage with New England Hotel Realty; an award-winning firm responsible for brokerage and advisory services for many hospitality owners and many lenders during the financial crises of the late 80s and early 90s. He is a former president of the Hotel and Motel Brokers of America.
In the mid-90s, Ford started Portsmouth, New Hampshire-based Lodging Econometrics, the first company to comprehensively track all new hotel development and the status of every open and operating hotel globally using and regularly updating research. Lodging Econometrics now employees 48 people and provides business development and analytical programs for a variety of hotel franchise companies, vendors/suppliers with a product or service to sell within the industry, many ownership and management groups, private equity companies, and Wall Street firms. Three of his children continue to operate the business.
Photo: Courtesy of the Ford family