Maximize Quality, Profit and Value
The market changes every day. HVS provides stability.
You've heard that the present economic landscape is ominous,
unprecedented, uncertain. We assure you it is not impassible.
Goal
The goal of asset management is to advise a client on the
market, operations and financial management of a hotel to help maintain or
improve its value. The client might be the owner of the property, a
lender or other interested party. We work for the client by
seeking opportunities to maximize cash flow while maintaining or
improving the market position and physical attributes of a hotel or
resort and monitoring the on-site property manager (individual or management
company) on a regular basis for operating performance and
maintenance of this valuable asset.
Experience Worth Billions...
...but we're not so large we don't pay attention to every asset.
We have experience with over $5 billion of hotel and resort
properties and over $2 billion with hospitality debt. You
benefit from real hands on operations and financial experience.
How We Do It - Focused Attention To Detail
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We maximize the
interest level of your Operator and productivity levels
of the property's staff so as to increase cash flow.
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We work
to maintain and improve the physical condition of your hotel by
monitoring physical maintenance activities and the proper completion
of capital expenditure projects in order to see that funds are spent
effectively.
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We help
you develop and communicate
your goals for the
property to the Operator and subsequently encourage their
achievement by reviewing, in detail, your Operator's efforts towards
achieving these goals.
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We
seek cost-effective ways
to maximize value including repositioning, expansion, adaptive
re-use of spaces, remodeling, refinancing and reviews of other
revenue opportunities and costs of ownership.
Your Need. Our
Commitment
We're ready to
listen and respond with services tailored to your specific goals and
challenges. Examples of our satisfied clients include:
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Individual
and institutional investors
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Owner/operators
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Governments,
universities and related entities
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Lenders and
special servicers
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Law firms
and family offices
Our Asset Management Services
Include:
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Contract
compliance
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Concise
reporting
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Benchmarking
& best practices
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Workout
strategy & development
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Operational
reviews
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Repositioning analysis
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Site
selection & analysis
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Strategic
planning
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Development
services
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Facilities
recommendations
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Exit &
disposition strategies
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CapEx &
operations budgeting
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Brand &
management selection/negotiation
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Loss &
business interruption negotiations
Other Services
Things Change
Many factors influence when a client may be forced to examine
market position, financial structure, operating policies or
management of a hotel. Competitors with modern technology,
aggressive marketing or changing brand affiliations put pressure on
owners and lenders to reexamine their situation. Rising remodeling
costs make it more important to maintain a hotel or motel at its
best. Without good oversight management, the equity and reputation
built up over the years may diminish rapidly. More importantly, the
value of the property does not achieve its maximum potential so cash
returns from either operations or a sale may not reach the owner's
goals.
Insurance Worth the Price
Through recommendations to improve the physical facility, increase
revenue growth, and provide consistent quality of service, and
reviewing the market strategy and expense controls, efforts are made
to enhance the value of the asset. The property is visited on a
regularly scheduled basis for inspections and consultations with
management personnel on ongoing operations, marketing, and the
implementation of suggested changes made during previous visits.
Written reports regarding property visits and meetings with
corporate and on-site management are submitted as appropriate.
Additionally, written comment is provided to the owner as a
follow-up on reports from the Operator and their staff. These
follow-up reports include an analysis and critique of the financial
statements.
Asset management provides an independent perspective on the
hotel and insures owners or lenders that their interests are being
addressed.
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