Hospitality

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asset managment

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 and 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:

  1. property inspections and owners meetings
    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.

  2. monthly operation and financial review
    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.

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

  4. capital expenditure planning
    oversee and supervise capital and ff and e reserve expenditures and property refurbishment requirements.

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

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

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my profile

over the past 25 years greg has held senior management and executive roles with some of australia's leading hotel management companies:

Gea Sear
  • 14 years as a senior gm and group operations manager of all seasons hotel and resorts (26 hotels under management)
  • 8 years as ceo of saville hotel group (25 hotels under management)
  • 3 years as director of operations, mirvac hotels & resorts (45 hotels under management)
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greg sear
(www.searhospitality.com.au)
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