HOTEL ASSET MANAGEMENT COMPANY

Over the last few years, the hospitality industry has seen a shift of focus. Hotels started cost control and only optimizing bottom line profit. However, Holmes Group is a game changing company in hotel asset management. Driving top line income through revenue management.

Hospitality Asset Management broken down:

We differentiate 2 phases within Hotel Asset Management:

 
  • Pre-Opening
  • Post-Opening
 

 

 

Pre-Opening Phase:

 
  • Recruitment and qualification of hotel manager.
  • Vender selection and negotiation.
  • Development of SOP and SOO protocols.
  • Recruitment and Training of the hotel staff.
  • Development of Financial reporting structure.
 

 

 

 

 

Post-Opening Phase:

 
  • Coaching and steering of hotel manager in operations.
  • Monitoring of on-site team performance and service standard quality assurance.
  • Identifying opportunities to maximize cash flow while maintaining or improving the market position.
  • Seek to improve the physical attributes of the hotel.
  • Monitor maintenance of the asset to ensure it remains in tip-top shape.
 

 

 

 

 

 

 

The following elements are part of our Hotel Asset Management Services:

 
  • Concise reporting
  • Benchmarking and best practices
  • Operational performance reviews 
  • Review of staff capability, qualifications, and performance
  • Hotel management supervision and coaching
  • Quality control & property inspections
  • Training planning
  • Strategic planning
  • Sales & Marketing plan monitoring and advisory
  • Revenue management and distribution support
  • Expense monitoring and cost control
  • Facilities recommendations
  • Capital Expenditure planning and monitoring
  • Operations budgeting
 

 

 

 

 

 

 

 

 

 

 

How We Do It:

Holmes maximizes the interest level of your Hotel Manager and productivity levels of the property's staff. We work to maintain and improve the physical condition of your hotel by monitoring maintenance and the completion of capital expenditure projects. We help you develop and communicate your goals for the property to the Hotel Manager and subsequently encourage their achievement by monitoring and directing your team's efforts towards achieving these goals. We seek cost-effective ways to maximize value including repositioning, expansion, adaptive re-use of spaces, remodeling, refinancing, other revenue opportunities and costs of ownership.