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In situations where there is an operator in place, INNovative can provide complete asset management services concentrating on reviewing property operations and capital expenditures; identifying opportunities to increase profitability; ensuring competitiveness in procurement; ensuring the hotel operator is focused on the critical elements of success; and analyzing results on behalf of ownership. 

We will specifically provide the following:

  • Maximize property return through the pursuit of strategies for value creation.
  • Review and analyze monthly operator performance.
  • Participate in planning and monitoring of capital projects.
  • Administer owner relations and represent the company at board meetings.
  • Review and critique annual marketing plans and budgets.
  • Review asset positioning and make comparisons to market competitors.
  • Assemble and evaluate pertinent market and economic data.
  • Assist with legal issues and contract compliance.
  • Preparations of financial projections and valuations.
  • Prepare quarterly investment performance report.
  • Administer legal, tax and accounting formalities for each property.
 

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INNovative Hotel Management 2009