HOTEL MANAGEMENT SERVICES
With our expert hospitality operations team, asset consulting services, organized labor relations management, we can provide everything your property needs to develop and operate a successful hotel. We understand the specific challenges of managing a both independent as well as branded hotel properties.
GAM Hospitality has direct “hands-on” approach in leading hotel operations, food & beverage outlets, catering events, sales, revenue management, and finance. This enables us to evaluate marketing strategies, control your operating expenses, and debt structure to recommend courses of action for increasing both profits and asset value. We can assist in finding the right hotel brand for your property, choosing and monitoring other management companies, negotiating management contracts and franchise agreements. We specialize in total portfolio management, including acquisition and disposition of hotel properties.
Our hotel asset management team begins by conducting a comprehensive study of the competitive market and operating environment, including the hotel’s physical condition, capital expenditure history and capital expenditure plan. Financial performance and labor productivity are reviewed and benchmarked. Sales and marketing strategies are evaluated and measured for ROI. Legal documents are meticulously reviewed with respect to compliance with operating and business terms. Members of the on-site and management/franchise team are extensively interviewed.
We concentrate on reviewing property operations and capital expenditures, identifying opportunities to increase profitability, ensuring competitiveness in procurement, ensuring that the hotel operator is focused on the critical elements of success, monitoring changes in the competition and reacting accordingly, and analyzing results on behalf of ownership.
- 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 legal, tax and accounting formalities for each property
Our goal: to maximize cash flow and protect the economic value and physical condition of your important investment.
We offer hotel management consultancy services in:
- Strategic hotel management
- Asset management
- Hotel Business Development Planning
- Hotel receiverships
- Internet marketing
- Sales strategies and activities
- Marketing strategies and activities
- Online distribution
- Business mix
- Revenue management
- Project management
- Hotel audit/accounting review
- P&L review
- Food and beverage operational review
- Provide an opinion on branding and positioning options
- Assess hotel technology and identify necessary upgrades
- Develop capital improvement plan
- Management technology systems review
We at GAM Hospitality are available to assist in the identification and/or implementation of a hotel re-positioning strategy to maximize the value of the hotel asset. Depending on client requirements, we can provide the necessary research to assist in the decision making phases or actually develop the re-positioning plan.
When you trust your hotel to GAM Hospitality, we will dedicate ourselves to achieving your goal of owning a highly efficient hotel. As part of our hospitality consulting services plan, you can expect:
- A custom plan that will meet your unique needs whether they be short- or long-term, require financing assistance, etc.
- High returns on your investment – we typically exceed our peer group in returns
- A hotel you will be proud to own – one that is running smoothly with tight operations
- Trust that our long-term success is directly linked to the success of our partners, guests, affiliates and the communities we serve. Our unique work per property offers training in local history and celebrates the diversity of our communities.
- Through a combination of strategic relationships with local and national nonprofits, grants, volunteer activities, and other community investments, we strive that help strengthen the communities in which we operate.
