Asset Management Services 500-room Dual-branded Hotel
Key Service: Asset Management
Product: Ongoing Asset Management Services
We provided ongoing asset management services to foster close working relationships between the Owner and Operator’s management teams, to maximize the performance of the asset in its initial year of operations, and to set up ongoing profitability of the subject property.
Services included, i.e. management contract compliance, operational assessment, monthly operating performance report, quarterly owner meetings, strategic asset management plan, review of annual marketing plans and budgets, financial performance analysis, competitive analysis, sales and marketing effectiveness, asset protection plans, capital expenditure planning and implementation, risk assessment/mitigation.