- • Monitor ongoing financial performance
- • Review actual performance compared to budget and prior years
- • Compare performance to comparable properties
- • Monitor the competitive market
- • Track occupancy and average rate trends
- • Track new properties being considered for development
- • Monitor demand generators for significant increases/decreases
- • Monitor the asset
- • Evaluate physical condition and anticipated capital requirements
- • Evaluate major systems (HVAC, phone, PMS, etc.) for appropriateness and competitiveness
- • Ensure legal compliance (health codes, life-safety, access for disabled)
- • Support and review the budgeting processes
- • Benchmark operations against comparable properties
- • Communicate ownership expectation to property management
- • Review proposed budgets, marketing plans, and operating plans for compliance with
ownership’s expectations
- • Facilitate approval of budgets, marketing plans, and operating plans by ownership
- • Advise ownership as the management issues
- • Evaluate operator strengths and weaknesses
- • Review industry trends that may affect the property
- • Review spending requests for compliance with capital budget
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| Global Asset Solution is the Leading Hotel Asset Management Company serving Asia Pacific and Middle East |
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ASSET MANAGEMENT & STRATEGIC ADVISORY
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TANGIBLE RESULTS, EVEN WITH A 'FUZZY' ECONOMY
'POSITIVE IMPACTS ON EBITDA AND REAL ESTATE VALUE'
'POSITIVE IMPACTS ON EBITDA AND REAL ESTATE VALUE'
BENEFITS ARE WELL IN EXCESS OF THE COST FOR THIS TYPES OF SERVICES
'DETAILED OVERSIGHT OF OPERATION AND PHYSICAL ASSET'
'DETAILED OVERSIGHT OF OPERATION AND PHYSICAL ASSET'
- • Advise ownership as to optimum investment strategies
• Perform annual strategic review, comparing properties’ expected performance to ownership’s
investment objectives
• Determine market value of properties and project future increments in market value from
holding, renovating, expansion, or other strategic alternatives
• Monitor the investment community
• Track sales prices for comparable properties
• Track capitalization rates for hotel purchases
• Remain apprised of financing terms available
• Select and oversee operators, franchise affiliation, and consultants
• Determine appropriate franchise affiliation for property
• Determine appropriate management for property
• Retain appraisers, environmental consultants, engineering consultants as appropriate
• Negotiate and administer contracts
• Ensure franchise services are provided and billed property
• Ensure management contract compliance
• Negotiate outside contracts (vendors, retail leases, service contracts)for optimal returns to
ownership
• Approve/monitor capital expenditures
• Create long-term capital expenditure plan
• Review annual budget proposals for consistency with capital plan
• Evaluate impact on profitability/value from discretionary expenditures
• Approve capital budgets for presentation to ownership
• Review spending requests for compliance with capital budget
ASSET VALUE MAXIMIZATION
'CASH IS KING'
'CASH IS KING'
MAXIMIZING HOTEL INVESTMENT
'BRINGING ASSET VALUE TO ANOTHER LEVEL'
'BRINGING ASSET VALUE TO ANOTHER LEVEL'
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