(property managed by outside company)
- Property enhancement
- Maximize yield/square foot through program recommendations
- Renovations and repositioning
- Product improvements
- Financial management
- Maximize operating margins and cash flow
- Financial statement review
- Contingency planning and execution
- Debt compliance
- Ground lease compliance
- Financial reporting
- Intense focus on hotel operations
- Ensure management contract compliance
- Revenue/yield management
- Food and beverage systems
- Labor management systems
- Marketing strategy review
- Maintenance program
- Capital expenditure reviews
- Energy consumption analysis
- Taxes and insurance
- Unions
- Capital improvements
- Recommend infusion of capital for brand mandated Property Improvement Plans and capital expenditures
- Monitor the expenditures from FF&E Reserves
- Review and make recommendations on five- and ten-year capital plans
- Hotel brand oversight
- Advocate for owner’s objectives and priorities
- Protect against conflicts of interest
- Ensure franchise contract compliance
- Rebranding
- If brand is undetermined or lost due to bankruptcy/foreclosure, identify correct replacement brand