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Asset Management

 

 Opportunities to refinance and/or restructure the debt of the property

·              The position of the property in the market place - compare occupancy, ADR and RevPar with properties in the competitive set and with the overall market’s/destination’s performance

·              Ensure timely replacement of F.F. & E. as appropriate to continue to allow the property to effectively compete in the market place

·              Be the liaison between the Management Company and ownership.

What do portfolio and asset managers do?

·              They develop strategies for optimizing portfolio and asset performance.

·              They analyze, compare, contrast, and relate the actual performance of different types of assets to develop more effective strategies and plans.

·              They seek to balance competing objectives -- client needs, social and economic priorities, and maintaining the value of the portfolio’s assets.

·              They target the use of income generated by assets towards capital investment and reinvestment and towards initiatives, which enhance customer satisfaction and operational effectiveness.

·              They enter into agreements with service providers to implement strategies and business plans at the operational level.

·              What don’t portfolio and asset managers do?

·              They do not execute the strategies and plans that they develop.

·              Instead, they acquire the expertise and support of other organizations to execute those strategies and plans.

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