Asset Management

Sophisticated, institutional owners of hospitality real estate, such as REITs and life insurance companies, have long-recognized the benefits of continuous, aggressive and proactive asset management performed by experienced industry professionals trained to execute the responsibilities of ownership with a view toward value enhancement and yield maximization. However, not all hotel and resort owners are in a position to self-perform this vital function. With REVPAR International, hotel owners are now able to derive the benefits of dedicated asset management without hiring their own full-time personnel or otherwise internalizing the discipline within their organization.

REVPAR's team of lodging asset management professionals offers hotel owners services such as the following:

• Comprehensive operational reviews and on-going monitoring of on-site operations.

• Capital budgeting and scope creation for periodic and extraordinary capital improvement projects.

• Negotiations with hotel operators, franchisors, lenders and others on behalf of ownership.

• Identification and exploitation of new revenue opportunities.

• Budget review, negotiation and approval for both operating and capital plans.

• Negotiation of space leases, ground leases, parking agreements, cell tower licenses and other concessions, licenses and agreements with third-parties.

• Recommendation of optimal affiliations for property management, franchise/brand and other key relationships.

• Assistance with asset acquisitions and dispositions including due diligence, contract negotiation and settlement.

• Recommendation, negotiation and supervision of various consultants, contractors and suppliers including general contractor, architect, interior designer, project manager, etc.

• Review hotel operating performance and research variances with a view toward enhancing revenues and judiciously lowering costs. Create performance benchmarks, measure results and report to ownership.

• Repositioning of properties through rebranding, renovation and/or expansion.

• Ensure compliance with management contracts, franchise agreements, property improvement plans, loan documents, etc.

• Strategic planning for hospitality properties.

• Represent ownership in dealings with hotel operators, franchisors, governmental agencies, lenders, community groups, etc.

• Assist ownership in loss negotiations with public and independent insurance adjusters.

The asset managers at REVPAR International are trusted, experienced advisors working as fiduciaries exclusively for ownership, and other non-operational stakeholders, and seeking to accomplish the objectives of such clients through a wide variety of assignments.  We are here to assist hotel owners looking to achieve more return on their hospitality investments or seeking to create enduring value in a lodging asset.