Asset Management

Asset management and owner representation services are provided to maximise returns and enhance asset value in hospitality properties. We are able to assist owners in improving asset value through working with hotel management companies to enhance their performance, managing cash flow, controlling FF&E and capital expenditure. With a full understanding of the investment cycle we can advise our clients on what the best investment options are.

The key asset management activities are:

Property inspections and owners meetings
We can attend meetings with the hotel operator to review current and forecasted results and proposed management plans. Major issues include key results and variances, actions to address trading shortfalls, sales and marketing issues and initiatives, manning, capital improvements, health safety and environment, workers compensation, yield management and legal matters.

Monthly operation and financial review
We review and assess the regular monthly management reports and financial statements. Provide a written analysis of the reports for proactive follow-up and action by management.

Annual business plan and asset strategic plan
Review and advise on the hotel annual business plan with a view to establishing realistic management goals, anticipate returns and consistent strategies, which will benefit the owners. We ensure there is an agreement between owner and operator on required goals.

Capital expenditure planning
We can oversee and supervise capital and FF&E reserve expenditures and property refurbishment requirements.

Hotel management company contract compliance
We conduct routine reviews to ensure the hotel management company is complying with all contractual obligations to ensure the owner’s interests are protected.

Legal and regulatory compliance
We advise owners on potential liabilities related to the asset such as appropriate legal actions, insurance, labor agreements, unions, health and safety.