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Hotel Asset Value Enhancement, Inc.

Headquarter

Company Details

Name: Hotel Asset Value Enhancement, Inc.
Jurisdiction: Rhode Island
Entity type: Domestic Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 19 Feb 2003 (22 years ago)
Identification Number: 000130073
ZIP code: 02903
County: Providence County
Principal Address: 333 WESTMINSTER STREET SUITE 3, PROVIDENCE, RI, 02903, USA
Purpose: TO ENGAGE IN THE BUSINESS OF HOSPITALITY AND LEISURE CONSULTING, BROKERAGE, ASSET MANAGEMENT AND APPRAISALS
Historical names: Rooster Hotels, Ltd.

Industry & Business Activity

NAICS

541611 Administrative Management and General Management Consulting Services

This U.S. industry comprises establishments primarily engaged in providing operating advice and assistance to businesses and other organizations on administrative management issues, such as financial planning and budgeting, equity and asset management, records management, office planning, strategic and organizational planning, site selection, new business start-up, and business process improvement. This industry also includes establishments of general management consultants that provide a full range of administrative, human resource, marketing, process, physical distribution, logistics, or other management consulting services to clients. Learn more at the U.S. Census Bureau

Links between entities

Type Company Name Company Number State
Headquarter of Hotel Asset Value Enhancement, Inc., NEW YORK 4106615 NEW YORK
Headquarter of Hotel Asset Value Enhancement, Inc., FLORIDA F20000002804 FLORIDA
Headquarter of Hotel Asset Value Enhancement, Inc., COLORADO 20141096279 COLORADO
Headquarter of Hotel Asset Value Enhancement, Inc., ILLINOIS CORP_67177932 ILLINOIS

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2023 550820230 2024-04-08 HOTEL ASSET VALUE ENHANCEMENT, INC. 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2024-04-08
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2024-04-08
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2022 550820230 2023-04-17 HOTEL ASSET VALUE ENHANCEMENT, INC. 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2023-04-17
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2023-04-17
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2021 550820230 2022-04-25 HOTEL ASSET VALUE ENHANCEMENT, INC. 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2022-04-25
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2022-04-25
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2020 550820230 2021-04-22 HOTEL ASSET VALUE ENHANCEMENT, INC. 40
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2021-04-22
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2021-04-22
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2019 550820230 2020-05-05 HOTEL ASSET VALUE ENHANCEMENT, INC. 43
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2020-05-05
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2020-05-05
Name of individual signing MARYAM SARLAK
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2018 550820230 2019-04-16 HOTEL ASSET VALUE ENHANCEMENT, INC. 37
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2019-04-16
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2019-04-16
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2017 550820230 2018-04-11 HOTEL ASSET VALUE ENHANCEMENT, INC. 27
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2018-04-11
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2018-04-11
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2016 550820230 2017-05-18 HOTEL ASSET VALUE ENHANCEMENT, INC. 19
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2017-05-18
Name of individual signing J PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2017-05-18
Name of individual signing J PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2015 550820230 2016-04-13 HOTEL ASSET VALUE ENHANCEMENT, INC. 18
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2016-04-13
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2016-04-13
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
HOTEL ASSET VALUE ENHANCEMENT, INC. 401(K) PLAN 2014 550820230 2015-05-13 HOTEL ASSET VALUE ENHANCEMENT, INC. 17
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2015-05-13
Name of individual signing J PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2015-05-13
Name of individual signing J PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2014/04/16/20140416090733P040304143571001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2014-04-16
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2014-04-16
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2013/04/19/20130419090818P030177931651001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2013-04-19
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2013-04-19
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2012/06/06/20120606201457P040030677234001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Plan administrator’s name and address

Administrator’s EIN 550820230
Plan administrator’s name HOTEL ASSET VALUE ENHANCEMENT, INC.
Plan administrator’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903
Administrator’s telephone number 4018656900

Signature of

Role Plan administrator
Date 2012-06-06
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2012-06-06
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2011/04/12/20110412110343P030040969761001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Plan administrator’s name and address

Administrator’s EIN 550820230
Plan administrator’s name HOTEL ASSET VALUE ENHANCEMENT, INC.
Plan administrator’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903
Administrator’s telephone number 4018656900

Signature of

Role Plan administrator
Date 2011-04-12
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2011-04-12
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
File https://efast2-filings-public.s3.amazonaws.com/prd/2010/08/17/20100817140536P040444047537001.pdf
Three-digit plan number (PN) 001
Effective date of plan 2003-01-01
Business code 721110
Sponsor’s telephone number 4018656900
Plan sponsor’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903

Plan administrator’s name and address

Administrator’s EIN 550820230
Plan administrator’s name HOTEL ASSET VALUE ENHANCEMENT, INC.
Plan administrator’s address 333 WESTMINSTER STREET, SUITE #3, PROVIDENCE, RI, 02903
Administrator’s telephone number 4018656900

Signature of

Role Plan administrator
Date 2010-08-17
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2010-08-17
Name of individual signing PATRICK ROLLO
Valid signature Filed with authorized/valid electronic signature

Agent

Name Role Address
MICHELLE S. RUSSO Agent 333 WESTMINSTER STREET SUITE 3, PROVIDENCE, RI, 02903, USA

SECRETARY

Name Role Address
J PATRICK ROLLO SECRETARY 2 BARCLAY SQUARE NEWPORT , RI 02840 USA

PRESIDENT

Name Role Address
MICHELLE S RUSSO PRESIDENT 2 BARCLAY SQUARE NEWPORT , RI 02840 USA

ASSISTANT SECRETARY

Name Role Address
CHRISTOPHER P HAGUE ASSISTANT SECRETARY 3 LEWIS STREET BARRINGTON, RI 02806 USA

Events

Type Date Old Value New Value
Name Change 2008-12-04 Rooster Hotels, Ltd. Hotel Asset Value Enhancement, Inc.

Filings

Number Name File Date
202451690650 Annual Report 2024-04-19
202333258800 Annual Report 2023-04-19
202209332630 Annual Report 2022-02-03
202192997920 Annual Report 2021-02-25
202080461850 Articles of Amendment 2020-12-18
202031790080 Annual Report 2020-01-10
201988602060 Annual Report 2019-03-14
201859743230 Annual Report 2018-03-05
201737862660 Annual Report 2017-03-10
201601139380 Annual Report 2016-06-28

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5657978301 2021-01-25 0165 PPS 333 Westminster St, Providence, RI, 02903-3304
Loan Status Date 2021-10-08
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 964527.67
Loan Approval Amount (current) 964527.67
Undisbursed Amount 0
Franchise Name -
Lender Location ID 120245
Servicing Lender Name Bank Rhode Island
Servicing Lender Address One Turks Head Place, PROVIDENCE, RI, 02903-2219
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Providence, PROVIDENCE, RI, 02903-3304
Project Congressional District RI-02
Number of Employees 35
NAICS code 531390
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 120245
Originating Lender Name Bank Rhode Island
Originating Lender Address PROVIDENCE, RI
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 970582.76
Forgiveness Paid Date 2021-09-22
6648997009 2020-04-07 0165 PPP 333 WESTMINSTER ST Suite 3, PROVIDENCE, RI, 02903-3302
Loan Status Date 2021-01-14
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 944700
Loan Approval Amount (current) 944700
Undisbursed Amount 0
Franchise Name -
Lender Location ID 120245
Servicing Lender Name Bank Rhode Island
Servicing Lender Address One Turks Head Place, PROVIDENCE, RI, 02903-2219
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address PROVIDENCE, PROVIDENCE, RI, 02903-3302
Project Congressional District RI-02
Number of Employees 46
NAICS code 531390
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 120245
Originating Lender Name Bank Rhode Island
Originating Lender Address PROVIDENCE, RI
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 950604.38
Forgiveness Paid Date 2020-12-02

U.S. Small Business Administration Profile

Status User ID Name of Firm Trade Name UEI Address
Active P1104845 HOTEL ASSET VALUE ENHANCEMENT INC - HMKKDTVDEWD3 333 WESTMINSTER ST, STE 3, PROVIDENCE, RI, 02903-3304
Capabilities Statement Link -
Phone Number 401-865-6900
Fax Number 401-865-6999
E-mail Address prollo@hotelave.com
WWW Page -
E-Commerce Website http://www.hotelave.com
Contact Person PATRICK ROLLO
County Code (3 digit) 007
Congressional District 02
Metropolitan Statistical Area 6480
CAGE Code 6FDN7
Year Established 2003
Accepts Government Credit Card No
Legal Structure Corporation
Ownership and Self-Certifications Self-Certified Small Disadvantaged Business, Women-Owned Small Business, Woman Owned
Business Development Servicing Office RHODE ISLAND DISTRICT OFFICE (SBA office code 0165)
Capabilities Narrative (none given)
Special Equipment/Materials (none given)
Business Type Percentages (none given)
Keywords Asset Management, Investment advice, due diligence, contract review and negotiations
Quality Assurance Standards (none given)
Electronic Data Interchange capable -

Current Principals

Name Michelle S Russo
Role CEO

SBA Federal Certifications

HUBZone Certified No
Women Owned Certified No
Women Owned Pending No
Economically Disadvantaged Women Owned Certified No
Economically Disadvantaged Women Owned Pending No
Veteran-Owned Small Business Certified No
Veteran-Owned Small Business Joint Venture No
Service-Disabled Veteran-Owned Small Business Certified No
Service-Disabled Veteran-Owned Small Business Joint Venture No

Bonding Levels

Description Construction Bonding Level (per contract)
Level $0
Description Construction Bonding Level (aggregate)
Level $0
Description Service Bonding Level (per contract)
Level $0
Description Service Bonding Level (aggregate)
Level $0

NAICS Codes with Size Determinations by NAICS

Primary Yes
Code 541611
NAICS Code's Description Administrative Management and General Management Consulting Services
Buy Green Yes
Code 531312
NAICS Code's Description Nonresidential Property Managers
Buy Green Yes
Code 531320
NAICS Code's Description Offices of Real Estate Appraisers
Buy Green No
Code 531390
NAICS Code's Description Other Activities Related to Real Estate
Buy Green Yes
Code 561110
NAICS Code's Description Office Administrative Services
Buy Green Yes
Code 713920
NAICS Code's Description Skiing Facilities
Buy Green Yes
Code 721110
NAICS Code's Description Hotels (except Casino Hotels) and Motels
Buy Green Yes
Code 721120
NAICS Code's Description Casino Hotels
Buy Green Yes

Export Profile (Trade Mission Online)

Exporter No
Export Business Activities (none given)
Exporting to (none given)
Desired Export Business Relationships (none given)
Description of Export Objective(s) (none given)

Date of last update: 10 Apr 2025

Sources: Rhode Island Department of State