The use of interim hotel management requires more focused attention and shorter term results that if a permanent manager is being engaged. It also depends on how temporary the needs are and if this is the better solution than permanent longer term management. This is due to in large part to who the users are and the nature of the contract or assignment. The typical users and types of engagements include:Interim Hotel Management a) Banks and Lenders who are foreclosing on a hotel or resort and require a property to be taken over and managed for a short time until it is sold or disposed of otherwise; b) Investors and Owners who are planning a disposition and sale of their hotel or lodging portfolio and are eliminating management or want them to focus on their current properties instead; c) Investors and Owners buying additional hotels who do not have the added resources and expertise in-house to supervise the acquisitions immediately; d) Operators looking to replace an on-site general manager or corporate manager due to an unexpected termination, shortage of available staff, or repositioning of their operations or hotel property management company; and e) Receivers, who are appointed by a court, to oversee and provide interim hotel management to properly administer the hotel receivership estate. While the above list is not all encompassing and identifies every situation, it covers the customary instances in the hospitality industry where temporary managers are used. It also does not address those situations where another solution is best. Check back soon to read the upcoming addition “Interim Hotel Management – Part 2: When it does Not make sense…”
Perry Group
Hotel & Restaurant Experts For The Hospitality Industry
