Asset and Oversight Management
With our Management Philosophy as a guide, Capital Asset Hotel Management provides Hotel Management Services to a wide variety of hotels in a number of different locations across the United States. As a hotel operator/manager we have the capacity to maximize cash flow and return on investment for your property, thus increasing its value.
Getting to know the property
When we take on a property we make an initial property visit during which our goal is to gain a complete understanding of the physical facilities, their condition, the market environment, operating procedures, and existing management personnel. From this point, we are able to formulate and begin to implement the changes that will be necessary to operate the hotel more efficiently and maximize revenues.
Cash Flow Maximization
In addition to maximizing revenues and managing expenses appropriately, this includes regular cash flow forecasting, weekly cash sweeps to concentrating accounts with excess funds automatically invested. We will monitor and help challenge real estate taxes and insurance costs. We will make debt service and other payments for the owner and assist in debt renegotiation.
Business Planning
Proper planning and information is required for a hotel to best reach its operating potential. Capital Asset Hotel Management sees to it that a Business Plan is prepared annually for each hotel that we manage. The plan includes details on the hotel's market, capital improvement needs, and operating history. The preparation of the plan involves the use of activity calendars for planning and future monitoring. The information provided will work to support the hotel's marketing plan and operating budget.
Control and check up
Our management visits the properties on both a regularly scheduled and unscheduled follow-up basis for the purpose of inspection. With this regular checking we insure consultations with management personnel, the operations and marketing reviews. Our quality control process also includes regular visits by anonymous customers who use report formats tied to our operating standards. This allows us to see our hotels through a customer experience.
The purpose of oversight management is to assess and advise a client on the operational and financial management of a hotel with the goal of improving its rate of return of investment and its value. Capital Asset Management Hospitality Group’s role is to monitor the on-site property management on behalf of the owner, lender, or other vested party, providing an independent perspective.
The failure to recognize the impact of competitors new technologies, aggressive marketing, or changing brand affiliations, to name a few, can undermine a property’s market position, with the resulting diminishing equity and profit. Asset and oversight management steps in when a study of a hotel’s positioning, financial structure, operating policies, or management is called for in order to ensure competitiveness in the marketplace.
Through recommendations to improve the physical facility, increase revenue growth, and provide consistent quality of service, and the examination of market strategy and expense controls, efforts are made to enhance the value of the asset. The property is visited regularly for inspections and consultations with management personnel on ongoing operations, marketing, and the implementation of suggestions made during previous visits.
In addition, Capital Asset Management Hospitality Group submits written reports on visits and meetings with corporate and on-site management. Further, written comment is provided to the owner as a follow-up on reports from the operator and its staff; these include an analysis and critique of the financial statements.
Capital Asset Management Hospitality Group team has innovative ideas of restaurant themes, restaurant design, improving F&B strategies, and restaurant menu creation. We have our expertise in bringing different restaurant franchises to hotel and motel with restaurant space, and sales and marketing ideas for your restaurant. We design and manage the restaurants according to changing trends in restaurant business, location of the restaurant and the demand from customers.
Capital Asset Management Group will help your business grow with effective web and IT strategies including the internet marketing, targeting customers, developing brand image, and all other hospitality related help.
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