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Asset Management

Asset management and owner representation services can be provided to maximize returns and enhance asset value in hospitality properties.

 

SGI will assist owners in improving asset value through oversight and pro-active participation with third party hotel management companies or the owner’s own management team to enhance operating performance and results, manage cash flow, optimize capital expenditure in order to increase property profits and value.

 

Accordingly, we offer the following services:

 

ONGOING PROPERTY OVERSIGHT

Attend meetings with the hotel operator or management team to review current and forecast results, propose action plans, address major operation or property issues and limit trading shortfalls, We deal with issues such as sales, marketing and yield management initiatives, personnel and labor problems, capital improvements and expenditure requirements and health, safety and legal matters.

 

PROVIDE MONTHLY OPERATION AND FINANCIAL REVIEW

Review, assess and produce regular monthly management reports and financial information and provide a proactive follow up and action plans to be followed by management.

 

CREATE AND TRACK ANNUAL PLANS AND BUDGETS

Work with the hotel management team to create an annual hotel business plan and budget on behalf of and to be approved by the owner with a view to establish realistic management and financial goals for the benefit of the owners investment.

 

CONTROL AND OPTOMIZE CAPITAL EXPENDITURES

Budget, oversee and supervise annual capital expenditures for furniture, fixtures and equipment and property refurbishment requirements.

 

ASSURE HOTEL MANAGEMENT COMPANY CONTRACT COMPLIANCE

As applicable,  conduct routine reviews to ensure the hotel management company is complying with all contractual obligations in order to protect the owner’s best interests.

 

ASSURE LEGAL AND REGULATORY COMPLIANCE

Advise and protect owners with regard to potential liabilities such  legal actions, license requirements, property insurance, labor, union, health, safety and other property or operational related  issues.

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