What is Precedence?
Precedence, Inc. is an Atlanta-based company dedicated to high-end hotel remodeling across the nation. Established in 1993, the firm leverages the extensive combined experience of its founders, Allen Bearden and Greg Peeples, in the lodging renovation industry. Precedence offers comprehensive services, including detailed site evaluations, the construction of custom model rooms, and sophisticated lobby designs, all aimed at elevating the guest experience through luxurious property enhancements. Their client base includes developers, franchisors, hotel management companies, and contractors seeking to modernize and upgrade their hospitality assets.
How much funding has Precedence raised?
Precedence has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Precedence
PPP
Public-Private Partnership
What's next for Precedence?
With the recent infusion of capital, Precedence is poised for strategic expansion and further enhancement of its service offerings. The large-scale, late-stage funding suggests a focus on scaling operations, potentially through increased market penetration, technological integration in project management, or the acquisition of complementary businesses. This strategic investment will likely enable Precedence to undertake larger, more complex renovation projects, solidifying its reputation as a leader in luxury hotel modernization and reinforcing its competitive advantage in the industry.
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