asset manager
Hospitality Asset Managers Association (HAMA) Announce Spring 2023 Conference Industry Outlook Survey Results
HAMA | April 24, 2023
SAN FRANCISCO, April 24, 2023—The Hospitality Asset Managers Association (“HAMA”) today released the results of its Spring 2023 Industry Outlook Survey. The semi-annual report collected the opinions, experiences and predictions of more than 80 hotel asset managers concerning the current state of the hospitality industry with particular focus on 2023 forecasts and pre-COVID comparisons. The results of the survey, which were conducted prior to HAMA'S 2023 Annual Spring Meeting that was held Thursday, April 20th in San Francisco, Calif, were broadcast live with a Q & A segment at the end. In total, 82 asset managers, comprising...
A Sharpened Focus on Hotel Owners Interests Prompts AHA Hotel Consulting to Add Principals
AHA Hotel Consulting | November 18, 2021
Atlanta, GA – AHA Hotel Consulting has long stood apart from other consulting firms in the eyes of hotel owners due to their results-driven and hands-on approach to asset management. With the recent addition of industry veterans Larry McAfee and Mark Hindle, the company is poised for rapid portfolio expansion to meet growing demand. The timing is ideal as hotel owners are seeking consultants to be their advocates now more than ever before. On an owner’s behalf, AHA addresses often-overlooked issues such as a significant drop in group business, staffing shortages, and the decreased availability and attention of management companies. Key...
Asset Management – Why Bother?
Russell Kent | March 9, 2020
By Russell Kent -- In the course of each year my colleagues and I see a huge number of hotel P&Ls and, within them, there are often wide variances in performance, even in like-for-like situations – whether it is better or worse revenue generation, cost control or effectiveness. Some hotel management companies don’t produce an adequate return on their owners’ investment by doing as much as they possibly can to increase revenues, reduce operating costs and improve bottom-line profits and cash flow. Only when given a ‘kick’ from the owner or from a third-party asset manager acting on behalf of the owner does the optimisation of a h...
Opening a Hotel? An Asset Manager Can Help!
Saurabh Gupta | July 9, 2019
By Saurabh Gupta Hotel openings are an elaborate affair that seek focused inputs from the ownership at a pre-opening stage. While the hotel management company and operations team are largely responsible for the pre-opening preparation, the owner also has his/her tasks cut out. Here’s a look at the very basic set of expectations from an owner of a managed-hotel at this stage: Approve pre-opening budgets Approve annual business plans along with revenue and expense budgets Approve the recruitment of key personnel like the GM Approve capital expenditure and FF&E spends Objectively assess the readiness of the operations ...
