Services
Asset Management
- Evaluation of property personnel to make appropriate improvements
- Monitor daily & monthly occupancy, room rates, revenue, sales, payroll and operating expenses
- Implement current sales and marketing action plans & strategies
- Oversee capital budgets and improvements
- Consistent review of property and financial reports
- Quality assurance inspections from franchisors for compliance and action
Hotel Management
- Provide annual budget, marketing plan, sales action plan and capital budget
- Contract negotiation with hotel vendors
- Maximize brand power and minimize cost
- Employee hiring, payroll, evaluation, motivation
- Market condition analysis and repositioning strategy
- Implement monthly financial review and GM report, improving gross operating profit
Development
- Coordinate Land Use Plan in compliance with governing jurisdiction
- Create and convey project concept and requirements to architecture/development team
- Analyze operational requirements
- Ensure proper design and development of furniture, fixtures and equipment specifications
- Assist owner in obtaining all permits and license requirements
Receivership
- Managing lender owned, transitional and distressed hotels with superb transition teams
- Prompt hotel stabilization and implementation of efficient hotel operations
- Asset protection, inventory and franchise brand standard compliance
Marketing & Feasibility Analysis
- Analyze and improve market positioning
- Develop construction, equipment, marketing and capital requirements
- Monitor all sales and marketing channels with competitive performance analysis
Construction Project Managment
- Select and negotiate appropriate construction program for expedient and cost-effective project
- Oversee construction efforts of general contractor & related parties and supervise inspections
- Provide standardized accounting / reporting procedures during all construction phases
- Work with Owner to maintain all schedules and opening dates
- Assist in preparation of financial projections necessary to procure financing
- Provide accounting assistance, practices, policies and reporting of all financial activities
- Create annual operating budget, hire key personnel, implement sales & marketing plan