Scarlett Hotel Group | Asset Management
11698
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Asset Management

Because hotels are an operating business, asset management for hotels is far more complex than for any other real estate asset class. The role of a hotel asset manager is multifaceted and, to be optimally effective, an asset manager’s knowledge and experience must encompass a variety of disciplines including: hotel and restaurant operations, sales and marketing, real estate finance, accounting, project management, contract law, technology, spa operations, capital expenditure (CapEx) planning, and building systems management.

 

Our Hotel Asset Management Services will:

 

  • Maximize property returns 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 tax and accounting formalities for each property