Hospitality Real Estate

There are a vast range of services we offer to owners and management companies of hotels in the limited service, upper-upscale, resort segments and all those in-between. We have associations from a personal collection of over 16,500 contacts in our data base used for providing the best resources, competitive offers and the most economical sensible decision. Following is only a summary of advisory and management support services offered.

Accounting Set Up / Review:
Submit valuable expertise in measuring the efficiency of the accounting systems, checks and balances, policies & procedures, inventory controls, accounts payable, receivable and all things accounting and control related within a hotel. Develop a budget for ownership and management to follow. If just starting in the business, literally set up the accounting department from absolutely nothing to a fully operational account department. Provide in-depth review analysis and propose necessary entries.

Accounting Services:
Setup the books for the business. Reconciling the balance sheet, including bank reconciliation’s, City Ledger, Guest Ledger, and fixed asset schedules. We bring integrity to the business through the efficiency of providing a pure and organized balance sheet.

Acquisition:
Hotel acquisitions and taking over property due to receivership, new purchase or ground up. Establishing policies and procedures, personnel files, human resource related issues, manuals and guides. Feasibility and ROI analysis to assist in making the “right” decision. Provide and guide ownership through the necessary due diligence, closing and post-closing processes in buying or selling a hotel.

Financing:
Work side by side with the investor through the process of financing selection. Negotiate on behalf of the owner in the effort to achieve the appropriate financing package. Reliable resources include money resources from certified and preferred SBA lenders, conventional lenders, mezzanine and venture capital.

Operational:
Determine the current standards and apply the necessary changes that are going to make the business successful. As simple as how the desk should answer the phone to how the room attendant should enter, or not enter, a guest room. The way employees are to talk and look at a guest. Analyze the entrance of the hotel; arrangement of the furniture.

Market Study:
Providing the analysis of the hotel’s segment, the competitive set and understanding the core business required in order to make the hotel successful. Developing a Business Plan and Growth Strategy for the hotel owner and management to follow in order to be successful.

Franchise Workouts:
Suggest the selection for the right flag. Negotiating with franchise organizations on behalf of ownership to ensure the integrity of the UFOC contract.

Technology:
Provide site analysis and accurate implementation of technology for all revenue and expense centers within the operation. Including and not limited to systems for reservations, FF&E and renovation, accounting, inventory and appropriate guest interfaces, etc.