Ted Teng's Email & Phone Number

💼 Past Experience

The former President and Chief Executive Officer, The Leading Hotels of the World, Inc. Ted Teng has diverse work experiences with The Leading Hotels of the World, Inc. (The Leading Hotels of the World), which was founded in 1944 and has today 1,600 hotels located in more than 190 countries.From 2006 to 2007, Ted Teng was the President and Chief Executive Officer (CEO) of Prime Opus Partners, LP. This company was founded to invest in and operate hotels and other related projects under an innovative business model. The model redefines the conventional thinking as it relates to real estate, facilities, distribution, and overhead in the upscale hotel market. Prime Opus was committed to creative business models that enrich the lives of all the people of the business: customers, employees, suppliers, and investors.From 1984 to 1988, Ted Teng was theVP, Finance, at Wrather Management Corp. at Wrather Corporation. Working closely with the president of Disneyland Hotel, we created an independent regional hotel management company by leveraging the vast management resources we had at the Disneyland Hotel to generate fee income for the company and create more career opportunities for our staff. We were successful in acquiring the management contract for the Los Angeles Biltmore Hotel as our first management contract.I conducted my duties concurrently with those of the VP of Finance at the Disneyland Hotel.VP, Finance, Disneyland Hotel at Wrather Corporation from October 1984 to February 1988 (3 years 5 months). I led the financial management of this 1,600-room independently branded convention and urban resort hotel. I worked closely with the corporate office as this was a family closely held publicly traded company.The hotel generated annual revenue of $65 million with extensive meeting and convention space, restaurants and bars, and a variety of income sources.I worked closely with sales and marketing to ensure our revenue generation was well managed to meet financial targets announced to the investment community.I also oversaw the conversion of our PMS, manpower, and back office accounting systems.VP, Divisional Controller, Hawaii-Japan at ITT Sheraton from February 1988 to June 1993 (5 years 5 months). I managed the controllership for this division with 15 hotels located in Hawaii, Japan and California. These hotels generated about $500 million in annual revenue.I worked closely with the divisional president on negotiation of management contracts and franchise agreements.We renewed and extended the single largest multi-hotel management contract in Sheraton history worth about $200 million in fees over the extension period.I also worked closely with marketing and operations on analyzing and developing strategies on distribution channels, pricing, inventory allocations, and promotions of the Sheraton products in Hawaii.Asst Controller, Miramar Sheraton Hotel at ITT Sheraton from April 1980 to May 1981 (1 year 2 months). I supervised the accounting staff of this 300-room hotel.I came into the position after a period of controller absence.The accounting was in poor conditions and many accounts had to be extensively reconciliation and accounting procedures recreated.I personally handled many of the accounting tasks due

🎓 Education

Ted Teng's education reflects his experience and expertise in business administration and hotel management. In 1974, Ted Teng graduated from Cornell University with a BS in Hotel Administration. He then completed the S.H. Shubert School of Business at the University of Hawai‘i - Shidler College of Business in 1990. Ted Teng has held multiple positions in the hotel industry, most recently as the President and Chief Operating Officer of the Bethlehem, Pennsylvania-based Omni Hotels and Resorts, Inc. from 1992 to 2003. Ted Teng currently resides in Bethlehem, Pennsylvania and specializes in developing and running hotel properties.

💡 Technical & Interpersonal Skills

Ted Teng hasLed organizations of all sizes and in a variety of industries. His professional skills include strong communication, business execution, and interpersonal skills.In his previous roles at The Leading Hotels of the World, Inc. and Wrather Corporation, Ted Teng was responsible for financial management and led the company's 1,600-room independently branded convention and urban resort hotel. He also worked closely with the corporate office as this was a family closely held publicly traded company. Ted Teng also had a position at ITT Sheraton as VP, Divisional Controller and was responsible for managing the controllership for this division with 15 hotels located in Hawaii, Japan, and California. Ted Teng also served as Executive In Residence at the School of Hotel Administration at Cornell University from September 2005-2009.In his new role at Prime Opus Partners, LP, Ted Teng leads the company's 26 worldwide offices andpherds the development of the company's strategic business plan anddestination 2020. Ted Teng has a recordof creating high-performing businesses and earning accolades from investors and customers. In his previous roles at The Leading Hotels of the World and Wrather Corporation, Ted Teng was known for his innovative business models and his ability to communicate effectively. He is also known for his leadership skills and his ability to work with others to achieve successful outcomes.Ted Teng has particular experience with the implementation of business plans and strategies, as well as the execution of actions and strategies that impact the quality of the company's hotel portfolio and the reinvestment of profits into company capabilities. He is a skilled leader who understands the impact that his decisions have on the bottom line of his organizations. Ted Teng is a successful leader who understands the need forleadership that supports the values of the organization.