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Asset Management

(property managed by outside company)

  • Property enhancement
    • Maximize yield/square foot through program recommendations
    • Renovations and repositioning
    • Product improvements
  • Financial management
    • Maximize operating margins and cash flow
    • Financial statement review
    • Contingency planning and execution
    • Debt compliance
    • Ground lease compliance
    • Financial reporting
  • Intense focus on hotel operations
    • Ensure management contract compliance
    • Revenue/yield management
    • Food and beverage systems
    • Labor management systems
    • Marketing strategy review
    • Maintenance program
    • Capital expenditure reviews
    • Energy consumption analysis
    • Taxes and insurance
    • Unions
  • Capital improvements
    • Recommend infusion of capital for brand mandated Property Improvement Plans and capital expenditures
    • Monitor the expenditures from FF&E Reserves
    • Review and make recommendations on five- and ten-year capital plans
  • Hotel brand oversight
    • Advocate for owner’s objectives and priorities
    • Protect against conflicts of interest
    • Ensure franchise contract compliance
  • Rebranding
    • If brand is undetermined or lost due to bankruptcy/foreclosure, identify correct replacement brand