Hotel and Resort Owners Need Representation
Overseeing the intricacies of day-to-day operations while planning for the long-term is a daunting task for hospitality asset owners and investors. Compounding that with a rapidly-evolving market environment and recent industry headwinds makes an owner’s decisions even more difficult. That’s why you need Owner Representation – an advocate with decades of experience and spanning every conceivable scenario and phase of the market cycle, that can prioritize your interests as an owner or investor.
What should your Owner Representative do for you?
Your Owner Representative should play a vital role in the operation of your single hospitality asset, resort or portfolio of hotels that goes far beyond what would traditionally be thought of as Asset Management. In fact, those roles should be expanded to build a much fuller, value-added relationship, leveraging services that encompass the full breadth of the ownership experience and span the complete lifecycle of the asset or portfolio.
Does your asset measure up?
It starts with the critical questions asset owners and investors should ask about their investments. How does your asset measure up? An increasing number of owners and investors have found that engaging The Plasencia Group in Owner Representation services has been the key to improving performance while striking a better balance between their objectives and those of day-to-day operators.
Services Owners Rely On
From acquisition through disposition, we offer a comprehensive suite of services for owners and investors at all critical phases of a hotel or resort’s lifecycle. Our experienced team of owner representatives, through over 30 years of experience and oversight of hundreds of hotel properties, will seek to preserve and enhance the value of your asset by employing aggressive value improvement techniques throughout your property’s lifecycle in the following categories:
Asset
Oversight
- Serving as the Owner’s Proxy
- Developing Sales, Marketing & Revenue Strategy
- Evaluating and Refining Market Positioning
- Executing on Ownership’s Financial Strategy
- Maximizing Profits
Operational
Efficiencies
- Evaluating Overall Financial Performance
- Managing Brand and Franchise Relationships
- Food & Beverage Repositioning
- Establishing Staffing and Labor Controls
Lender
Services
- Sourcing Equity
- Placing New Debt
- Restructuring of Existing Debt
- Monitoring Loan Compliance
Development &
Renovation
- Providing Total Project Administration
- Managing Budgets and Schedules
- Negotiations with Contractors and Consultants
- Negotiations with Brands and Operators
- Managing the Procurement Process
Our Proven Approach
The four essential stages of our strategic Owner Representation:
Assessment of the property’s physical and operational condition
Creation of a detailed action plan to enhance attributes and correct deficiencies
Oversight of the property staff's implementation of the action plan
Ongoing evaluation and refinement of the action plan
Our unvarnished advice and counsel are aimed at maximizing your hotel’s revenues and reducing expenses, with the goal of generating higher profits and enhanced value of your asset.
Our seasoned Owner Representation veterans serve as the owner’s expert eyes and ears on the ground, combining successful best practices, operational benchmarking, and a thorough, hands-on approach to managing the hotel’s operations.
In addition to overseeing hotel and resort operations, our team of hotel experts can also manage acquisition underwriting processes, direct the selection of a new operator, assist in rebranding, assess labor and staffing, negotiate PIPs and plan major renovations, among other hotel ownership activities. We seek to uncover upside potential and eliminate profits leakage in any hotel or resort investment.
Representative Engagements
Kimpton Overland
Atlanta
JW Marriott Marquis
Miami
Vinoy Resort & Golf Club
Autograph Collection
Islander
Resort
Connect with a Plasencia Group team member today and learn what we can bring to the table pertaining to your Owner Representation needs.
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