Board of Directors Approves Management Agreement

The Ocean Pines Board of Directors voted unanimously on Thursday, March 29 to approve a negotiated agreement with Matt Ortt Companies, a restaurant development and management company. The Board tapped Matt Ortt Companies to manage operations at its yacht club in Ocean Pines and beach club in Ocean City.

The official vote took place during a Regular Board Meeting at the Ocean Pines Community Center, located at 235 Ocean Parkway.

Matt Ortt Companies, which brings more than 25 years of experience to the Association, has been granted a two-year contract.

The contract objectives were to create an arrangement that empowers and economically incentivizes Matt Ortt Companies to perform well, institute financial and reporting controls, shift liability to Matt Ortt Companies and create a mechanism to address poor financial performance.

According to the agreement, Matt Ortt Companies shall manage, control and operate the yacht and beach clubs, including all food and beverage operations, janitorial services, banquet functions (weddings, anniversaries, etc.) and special functions, and any other food and beverage function assigned by the Association, subject to the Association’s right to establish reasonable regulations with regard to the use of the facilities.

Co-founders and Managing Partners Matthew Ortt and Ralph DeAngelus will be responsible for all day-to-day management and required to provide Ocean Pines Association with a detailed monthly report that includes real-time access to the operating expenses. Expenditures over certain dollar thresholds, depending on the expense, will require the Association’s approval.

In addition, the management company shall conduct ongoing surveys to determine customer satisfaction and provide the results of said surveys to the Association once per month.

The contract shall be terminated for poor economic performance without penalty.

Selection Process

After hearing from two management companies, the Board selected Matt Ortt Companies based on its experience, business plan, staffing capabilities, and the fact that the terms of its proposal complied with the Bylaws.

About Matt Ortt Companies, LLC

Co-founder and Managing Partner Matt Ortt has operated various establishments, ranging from casual to fine dining, including national chain restaurants such as TGI Fridays and Hooters. Ortt has experience and expertise in all aspects of restaurant operations including recruitment, hiring and training of managers and staff, profit and loss accountability, food cost reduction and back-of-house productivity. He has overseen the development of multiple restaurants from the ground up, working closely with architects, engineers, and construction teams to bring his clients’ visions to reality.

Co-founder and Managing Partner Ralph DeAngelus has served as Vice President of Operations for franchise-operated establishments, as well as an operating partner of elite nightclubs across the East Coast. His knowledge of industry operations, finance, bar and mixology programs, menu revitalization, and front-of-house efficiencies in full service and fast casual concepts make him a leading industry expert.

About the Ocean Pines Yacht Club

Overlooking the Isle of Wight Bay, the Yacht Club features a two-story building with catering and dining facilities. The upper level is home to a stunning ballroom and deck in addition to a bar and bridal and groom suites. Downstairs you’ll find a casual-to-elegant eatery with indoor and outdoor seating as well as two bars. Step outside and enjoy a spacious patio with fire pits, Adirondack chairs, a bandstand and a seasonal Tiki Bar and swimming pool.

About the Ocean Pines Beach Club

The Beach Club covers the ocean-side block of land between 49th and 50th streets in Ocean City, Maryland. The three-level cedar shake building contains bathroom facilities with showers and locker rooms on the lower level. A snack bar, with live entertainment and alcoholic and non-alcoholic beverages available for sale, is located on the central level with spacious decking. A 30′ x 54′ swimming pool also provides plenty of deck space, lounge chairs at the beach club. The upper level is available for dining, private parties, weddings and banquets for residents and non-residents.

Hours of Operation

Unless otherwise approved by the Association, the Ocean Pines Yacht Club will be open for service seven days a week, through September 30. The yacht club will operate with a reduced schedule of a minimum of three days a week from October 1 through April 30.

The Ocean Pines Beach Club will be open for service seven days a week, from Saturday of Memorial Day weekend through Monday of Labor Day.

For more information, contact Denise Sawyer, director of marketing and public relations for the Ocean Pines Association, at (410) 641-7717 ext. 3006 or dsawyer@oceanpines.org.

Comments are closed.