A Hotel Asset Manager Hotel has a large and complex responsibility – for buildings, people, and the brand. He or She has a fiduciary responsibility of managing the lodging investment to meet the specific objectives of ownership. It is their job is to build the value of a hotel’s portfolio and physical property. And, they must…
In the prior blog on this subject, the use of interim hotel management addressed the circumstances and typical users and types of assignments. In this part, situations are discussed where short term and temporary management can be more a liability than a solution. Several examples include: Interim Hotel Managementa) A hotel foreclosure by a Bank…
Hotels expert firms shared insights into what they perceive as continued indicators for investment growth in the hospitality and lodging industry. However, others suggest that the economic uncertainty during these same periods of projected investor growth continues to prevail given the state of the domestic and international travel markets. According to the panel at the Hotel…
Some of the drivers for a hotel asset manager to maximize returns for its owners and investors are timing and market opportunity. In particular are the when and where given the cyclical nature of hotel investments and the acquisition and disposition timeline in order to get the best return. Get it right and there is…
With the US and world economic systems still recovering from crisis, there is a need for hotel economist recommendations on whether to buy or sell hotel properties. Deciding whether to increase or decrease investment in the hotel and hospitality market will require more than just a general economic forecast. It is important to acquire as…
Maximizing profit is the fundamental reason why one hotel resort management company is more successful than another. Also, achieving higher net operating incomes is often a product of demand and getting the best price for available guest rooms in correlation to it. According to these recent PKF Hospitality Research reports, of which we have highlighted…
The importance of a hotel resort management company providing social media expertise is just as important as it was when yield management began, now referred to as revenue management, and originated over fifteen years ago. Back then, owners would seek out property managers who understood and could employ effective information systems and controls to maximize…
Depending on what story your hotel investment advisor follows or even writes, there may be a recovery or not. Better said, what is a problem for some are opportunities to others based on recent news reported this last week. Here are some of those summaries that seem to reflect these trends: – According to Bobby…
Hospitality management services this year are revising forecasts for those hotels and resorts they manage on a monthly, sometimes weekly, basis given the disparity in the economic reports that keep surfacing. Investors in particular are hearing that demand continues to rise and valuations have kept pace. Still, these recent reports suggest the long term remains…
There is a lot of talk among investors and their hotel asset manager that acquisitions in distressed real estate of the U.S. hotel sector will rise this year. Still, the focus continues to be on the luxury, trophy class of hotels in primary markets when and where these become available. Hotel High Net Worth InvestorAccording…