Services
We offer a comprehensive range of services to ensure that your property's goals are met! All of the services below are available on a contract or consulting basis. Click on a service for more information.
We offer a comprehensive range of services to ensure that your property's goals are met! All of the services below are available on a contract or consulting basis. Click on a service for more information.
Feasibility Assistance
- Coordinate the completion of hotel feasibility studies
- Analyze and verify feasibility studies
- Assist in site selection and evaluation
- Coordinate hotel demand studies
- Prepare financial pro forma and alternatives
- Prepare preliminary construction and related pre-opening cost estimates
- Hospitality franchise application assistance
Financial
- Develop modeling package to project operations revenue and expenditures
- Coordinate hotel appraisal
- Consult on financial package structuring
- Develop financial package alternatives
- Interface with lending institutions
Planning/Design
- Design rooms, food and beverage area and/or meeting facilities to fit target markets
- Coordinate architect, engineer, land planner, and/or interior designer
- Coordinate layout/procurement of hotel furnishing, kitchen and lounge equipment, laundry equipment, and commercial area furnishings
- Coordinate all computerized areas — front desk, energy management, restaurant, administration
- Coordinate the telephone system, key and lock system, and audio visual system
- Specify/procure ice machines, vacuum cleaners, maid carts, etc.
Interior Design Assistance
- Interview and select the design firm
- Assist the interior design firm with the furnishing selections: lobby, corridors and meeting rooms, rooms, restaurant and lounge, and all FF&E
Construction Management Services
- Function as construction manager (fee basis)
- Act as general contractor (fee basis)
- Coordinate input with architect, engineer, etc.
- Consult with owner on bids, changes and/or selecting General Contractor
- Take bids on project
- Perform pre-opening inspections and punch list for hotel
- Site/Zoning application and approval process
- Environmental and geotechnical reports
- Ensure compliance with Americans with Disabilities Act (ADA)
- Coordinate and manage New Build projects
Pre-opening Assistance
- Create and implement the pre-opening marketing plan
- Assemble pre-opening budgets (working capital, food, beverage, linens, china, etc.)
- Recruit, interview, and hire all key management and sales personnel
- Train all key personnel
- Interview and select advertising agency
- Establish definitive objectives and action plans for all departments
- Obtain business licenses to include restaurant, bar and signage
- Develop pricing for rooms, food and beverage
- Develop specifications and bids on building insurance
- Coordinate the procurement of guest supplies and employee uniforms
- Interface with potential hotel concessionaires
- Develop employee benefit program and policy manual
- Full menu design and implementation for all F&B outlets
Accounting Assistance
- Process all transactions including cash receipts, payroll, accounts payable, fixed assets and other journal entries
- Produce monthly management reports: profit and loss statement, balance sheet, funds flow statement, guest room occupancy and average rate analysis
Hotel Operation/Asset Management Services
- Develop strategic marketing plan with budget and action plans
- Establish aggressive sales effort for each target market segment
- Employ “pull” strategy to stimulate customer through innovative programs
- Increase customer awareness with creative advertising
- Perform day to day management of property
- Administrate all hotel policies
- Set up goals/budgets for each department
- Establish a preventative maintenance program
- Create a bonus plan for key personnel
- Human Resource support to include policy development and administration; compensation strategies; employment communications - handbook and newsletter; employee relations - investigations, regulatory agency liaison and compliance; audits; employment law compliance; development of labor standards
- Coordinate well-priced insurance coverage for worker's compensation; property; casualty; and liability insurances
- Renovation management
- Third Party Management Contracts
Brokerage/Acquisition Services
- Develop and analyze long range pro forma
- Recommend appropriate financial structuring
- Coordinate appraisals and market studies
- Prepare marketing materials
- Prepare loan packages
- Utilize extensive contracts in the sale of hotel properties
- Locate potential hotel acquisitions