What is Precedence?
Established in 1993 by industry veterans Allen Bearden and Greg Peeples, Precedence, Inc. operates as a specialized contractor focused on the modernization of hotel properties. The company provides a comprehensive suite of services, ranging from initial site evaluations and custom model room construction to sophisticated lobby design. With over a century of combined expertise, the firm serves a diverse clientele including hotel management companies, developers, and franchisors. Their market position is defined by a commitment to enhancing guest experiences through high-quality, aesthetic, and functional property upgrades, effectively bridging the gap between aging infrastructure and modern luxury standards.
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, Inc. is poised to scale its operational capacity to meet the rising demand for hotel modernization. The strategic roadmap likely involves expanding its regional service centers to better support nationwide projects and investing in advanced construction technologies to streamline renovation timelines. As the hospitality industry continues to prioritize property refreshes to remain competitive, Precedence is strategically aligned to capture a larger market share. Future growth will likely focus on deepening relationships with major hotel franchisors and diversifying their service portfolio to include sustainable, energy-efficient renovation practices, ensuring long-term viability in a fluctuating economic environment.
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