|
The trend of separating ownership from operation of hotel and resort/leisure assets - which took off in the 1990s - is continuing and strengthening, due to their capital intensity and recognition by the capital markets that ownership and operation by the same entity is often incompatible.
This increasing incidence of separation of ownership from management has been accompanied by the entry into the market for hotel and resort real estate of a large number of new financial investors - particularly in Europe, where until relatively recently, institutional and private equity investment in the sector was limited.
In addition, corporate hotel owners are increasingly seeking to apply asset management oversight to their owned and leased assets, to ensure that returns on capital employed are optimised.
Our services include the following:
|
Financial and Operational Performance |
More..
|
Financial and Operational Performance |
- Review of actual performance versus budget and prior year
- Benchmark versus comparable properties
- Review of rolling forecasts and business on-the-books
- Monitor effectiveness of revenue capture and cost control
- Monitor all charges from the management company
- Monitor sales and marketing activity
- Monitor guest and staff satisfaction surveys
- Monitor channel delivery and cost per booking by channel
- Monitor balance sheet and working capital requirements
|
Close
|
|
Competitive Environment Monitoring |
More..
|
Competitive Environment Monitoring |
- Monitor market rate, occupancy and RevPAR trends
- Monitor key demand generators by market
- Monitor planned supply additions
- Monitor refurbishment and expansion activity at competitor properties
- Monitor all pricing and distribution activity at competitor properties
|
Close
|
|
Asset Monitoring |
- Monitor physical condition and anticipated capital expenditure requirements
- Ensure legal compliance with all relevant legislation, including licensing, disability legislation, health and safety
- Monitor all major systems for quality and suitability - HVAC, PMS, telephone, Internet, TV/video and all relevant interfaces
- Retain consultants and advisers on property matters as required to ensure owner’s interests are fully safeguarded
- Review and advise upon all contracts with third parties on owner's behalf, particularly in regard to leases and material contracts
- Monitor all refurbishment and expansion activity on owner's behalf
- Review and approve all insurance policies
- Review all real estate tax assessments and organise appeals as appropriate
|
Close
|
|
Oversight of Budget Processes |
More..
|
Oversight of Budget Processes |
- Communicate ownership expectations to management company and unit management
- Review proposed budgets, marketing plans and capital expenditure plans for appropriateness in the context of market conditions and owner's requirements
- Facilitate review and approval process on behalf of owner
|
Close
|
|
Advice on Optimum Investment Strategies |
More..
|
Advice on Optimum Investment Strategies |
- Conduct annual review in comparison with initial investment objectives
- Estimate market value and evaluate alternative strategies, such as further investment or expansion versus continued ownership
- Monitor comparable sales activity and trends in asset financing
|
Close
|
|
Operator/Franchisor Oversight |
More..
|
Operator/Franchisor Oversight |
- Advise on initial selection and appointment of management/franchise company
- Monitor ongoing performance and contractual compliance
- Scrutinise all charges for contractual compliance
- Evaluate system delivery, CRS performance, web performance and overall strengths and weaknesses
|
Close
|
|
|
Our services will be tailored to your precise needs, and we will undertake an initial diagnostic review in order to create a proposal which fully meets your specific needs and requirements.
|
If you are interested in the asset management services provided by Hamilton Hotel Partners and would like to discuss an opportunity or simply gain a better understanding of what it is that we offer, then please do not hesitate to contact us. |
