Hotel Management

Capital Asset hotel management group provides a set of services which specifically address the most critical needs of hospitality real estate owners and lenders.

Our hospitality firm enables the team to assist clients in conducting underwriting, structuring transactions, executing development and redevelopment projects, providing acquisition and investment support, as well as creating and executing on restructuring and repositioning plans.

Our hotel products include full-service, all-suite, extended stay and limited service operations. Property locations range from resort to downtown, airport, and suburban locations. Each hotel is strategically located with the ideal product amenities and the perfect hotel brand for its particular market. While mid-priced, full-service hotels will always be the heart of the business, we know what our guests want and offer the products and services they desire, and we deliver tremendous value to our guests.

With our Management Philosophy as a guide, Capital Asset Hotel Management Group provides Hotel Management Services to a wide variety of hotels in a number of different locations across the United States. As a hotel operator and asset manager of this hotel management firm of San Diego, we have the capacity to maximize cash flow and return on investment for your property, thus increasing its value. The following gives you information on how we do it. Our management team is always ready to fly and take over any Hotel managements with 48 hour notice:

Understanding 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 for our San Diego based hospitality group. We have regional managers, travel managers and Hospitality consultants ready under our payroll to take up any full service Hotel or a limited service Hotel/motel.

Maximization of Cash Flow

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 and help in valuation increase or decrease procedures from individual Cities or counties. 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 Company Group of San Diego 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.

Property Visits

Visits to the property occur on both a regularly scheduled and unscheduled surprised follow-up basis for the purpose of inspection, consultations with management personnel, and ongoing operations and marketing reviews. Our quality control process also includes regular visits by anonymous shoppers who use report formats tied to our operating standards. This allows us to see our hotels through a customer experience.

Volume Purchasing Agreements

Whenever practical, volume-purchasing agreements are negotiated. Many other hotels managed by Capital Asset Hotel Management as consultants are franchised and full advantage is taken of the franchisor purchasing programs. Additionally, it is sometimes possible to arrange marketing and other hotel operations purchases in conjunction with other hotels we manage. When such arrangements are possible and provide a discount, costs are prorated to the properties benefited. No fees, commissions or other arrangements are charged or collected to benefit the management company for these services and our contract specifically forbids “Hidden Fees.”

Redecorating, Refurbishing and Performance of PIP Lists

With our knowledge of current trends and products in the hotel and hospitality industry, we are adept in supervising the redecorating and refurbishments of properties. Redecorating and refurbishing work may be done by hotel employees, contractors or design firms, depending on the project’s scope. Fees, if any, depend on the scope of the work and the level of our responsibility.

Our Services include Single Asset/Portfolio Due Diligence, Transaction Support, Investment Analysis, Market Study Coordination, Highest and Best Use Analysis, Brand/Operator Contract Review, Assumable Financing Review, Post-Acquisition Strategy, Asset Manager Selection, Exit Strategy and Oversight.

Our restructuring and repositioning services include Strategic Crisis Advice, Foreclosure/Bankruptcy Strategy, Brand/Operator Renegotiation, Investment Preservation Analysis, Financing/Equity Partner Negotiation, Securitized/Whole Loan Review, Mezzanine/Partnership Secured Debt Review, Post-Acquisition/REO Strategy.

The transaction structuring services offered by our Southern California based Capital Asset Hospitality Management Group include Brand/Operator Identification, Management Agreement Negotiation, License Agreement Negotiation, Technical Services Agreement Negotiation, Third Party Lessee/Operator Identification, Third Party Contract Negotiation, Third Party Coexistence, Third Party Services Agreement Negotiation.

Under the predevelopment phase of project execution services Capital Asset Management Hotel and Hospitality Company offers services such as Budget Creation & Management, Consultant Selection & Contract Negotiation, Contractor Selection & Contract Negotiation, Site Analysis & Investigation, Site Planning & Facilities Programming, Entitlement/Permitting Process Management, Architectural Design Process Management, Interior Design Process Management, Bid Review & Analysis, OCIP/CCIP Analysis & Negotiation.

In the construction phase of your real estate get services from Capital Asset Management Hospitality Company in the easiest way according to your budget preferences. We offer Construction Oversight, Quality Control Management, Project Cost Control & Reporting, Draw Request/Capital Call Preparation, Partner/Lender Reporting, Consultant Oversight & Contract Administration, Schedule Development & Management, Residential Sales Center, Model Unit Coordination, Model Room Coordination, FF&E & OS&E Management, Pre-Opening Coordination, Residential Finish-out, Owner Upgrade Coordination, Turnover Management services.

Hospitality Success with Effective Cost Control Strategies:

Years of hotel management experience has taught us what revenue and expense items to track. These are important distinctions when operating a hotel in the real world, where the goal is to meet and exceed profit targets. Our information gathering and reporting systems are designed to provide efficient use of hotel staff and technology - and to insure that Capital Asset Management Company has the necessary operational statistics and details to provide cost-control oversight.

Detailed operating budgets are used to carefully control spending because good control on expenses is critical to achieving excellent operating margins. Capital Asset Management Hospitality Company in San Diego implements and monitors strong internal controls which are critical to preventing losses through fraud and theft. We ensure that accepted risk management practices are being followed in order to reduce exposure.

All of this is designed to maximize the potential of your property by producing the best possible bottom line and increasing its eventual sales value.

• Each Capital Asset Management Company property operates under an annual budget that is prepared in advance of the following year.
• The budget is submitted to ownership for review and approval.
• All financial performance is measured against this plan.
• All financial statements are reviewed by the Director of Operations and a summary is prepared and reviewed by Capital Asset Management Company’s Executive Management.
• Monthly meetings with ownership.

Contact Us for more information.