Asset Management- With our proven techniques, we turn around independent hotels into true revenue and profit generators.
To know what strategies and management practices result in increased cash flow and asset value, we take an assertive position in an asset management.
HOTEL ASSET MANAGEMENT
World Choice Hotels is a game changer in hotel asset management.
Over the last years the focus of hotel asset management has shifted from a focus on cost control only to also driving ADR, Occupancy, REVPAR and GOPAR. Moreover the market place is becoming vastly more complex each day.
Our team of business development and consulting experts specializes in:
- Hotel Pre-Opening Planning
- Hotel Management Supervision & Coaching
- Operations & Quality Control
- Cost Control
- Financial Management
- Revenue Management
- Sales Representation
- Hotel Distribution
- Hotel Internet Marketing
With our proven techniques, we turn around independent hotels into true revenue and profit generators. We will ensure your hospitality real estate investment and assets generate a more than healthy ROI. World Choice Hotels will advise you on the market, the operations and the financial management of the hotel in an effort to help improving both cash flow and value and achieve your goals.
We differentiate 2 phases within Hotel Asset Management:
- Recruitment and qualification of hotel manager.
- Vender selection and negotiation.
- Development of SOP and SOO protocols.
- Recruitment and Training of the hotel staff.
- Development of Financial reporting structure.
- Post-Opening Phase:
- Coaching and steering of hotel manager in operations.
- Monitoring of on-site team performance and service quality standard.
- Identifying opportunities to maximize cash flow while maintaining or improving the market position.
- Seek to improve the physical attributes of the hotel.
- Monitor maintenance of the asset to ensure it remains in tip-top shape.
- Concise reporting
- Benchmarking and best practices
- Operational performance reviews
- Review of staff capability, qualifications, and performance
- Quality property inspections
- Training planning
- Strategic planning
- Sales & Marketing Plan monitoring and advisory
- Expense control monitoring
- Facilities recommendations
- Capital Expenditure planning and monitoring
- Operations budgeting
How We Do It:
World Choice Hotels maximizes the interest level of your Hotel Manager and productivity levels of the property's staff. We work to maintain and improve the physical condition of your hotel by monitoring maintenance and the completion of capital expenditure projects. We help you develop and communicate your goals for the property to the Hotel Manager and subsequently encourage their achievement by monitoring and directing your team's efforts towards achieving these goals. And we seek cost-effective ways to maximize value including repositioning, expansion, adaptive re-use of spaces, remodeling, refinancing, other revenue opportunities, and costs of ownership.
And don't think for a moment this cannot be applied in your hotel. We work on projects large and small across the globe. World Choice Hotels' best practices can be applied in any kind of hotel;
- City Hotels
- Boutique Hotels
- Design Hotels
- Luxury Hotels
- Budget Hotels
- Youth Hostels
We provide our hotel asset management and hotel owner representative services and solutions for a variety of clients including hotel managers, operators, property owners, investors, fund managers, banks, developers, and asset managers.