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09/27/2021

Cloud5 Communications Making $100 Million Available to the Hospitality Industry

Hoteliers will now be able to deploy new HSIA networks and telephony systems or upgrade their existing communications technology without the concerns of upfront payments or the burden of trying to secure financing.
Michal Christine Escobar
Senior Editor (Hotels)
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Cloud5 Communications, a provider of communications solutions and Managed IT Services for more than 5,000 hotels, MDUs, and commercial facilities across the Americas, announced that it has arranged funding dedicated to helping the hard-hit hospitality industry recover from the unprecedented slowdowns in travel and tourism that resulted from COVID-19. As a result of this innovative new program, hoteliers will now be able to deploy new HSIA networks and telephony systems or upgrade their existing communications technology without the concerns of upfront payments or the burden of trying to secure financing, a move that will allow hotel owners and managers to conserve cash and invest capital funds into other essential projects.

Cloud5 TaaS will expand significantly during Q4, 2021 and into 2022 to include additional services and flexible options. The company accelerated its development of this important offering due to the ongoing financial impact of COVID-19 on the hospitality industry.

“I couldn’t be more excited to announce that we’ve fast-tracked the Cloud5 TaaS offering to make it available to hoteliers now, commented Mark Holzberg, President and CEO of Cloud5. “There’s never been a more critical time to help the hospitality industry, and we’re privileged to be able to do so in a way that preserves constrained financial resources, while still allowing for property innovations that will improve the guest experience.”

Cloud5 will be exhibiting at the HITEC Conference in Dallas, September 27-30, in booth #1211. For more information about Cloud5’s full range of communication solutions, Cloud5 TaaS, and Managed IT Services, HITEC attendees are invited visit the company’s booth or schedule a meeting with the Cloud5 team by emailing [email protected] or calling 877.241.2516.