Hotel Asset Management

Development Phase

The “Development Phase” refers to the period in which the hotel is in construction or renovation itself. This phase usually overlaps at its end with the “Pre-opening period”. The focus during this phase is primarily on the project’s financial performance, real estate sales performance, construction costs and budget control, cash flow as well as projections of the hotel’s operational income and financial performance.

Pre-Opening Phase

The “Pre-Opening Phase” refers to the period in which the hotel prepares for its official opening and guest arrival. The property is usually still under construction or renovation and, this period serves to recruit staff members and set up and implement systems and processes on site. This period is also used to prepare for future income generation.

Post Opening Phase

The “Post Opening Phase” refers to the period in which the hotel has opened and is fully operational and generates income. The focus during this phase is primarily on the property’s daily financial and operational performance, cash flow, market and competition performance, capex management, and legal compliances.

Development Phase

• Construction – Renovation Budget Review
• Condo Sales Financial Projection
• Cash Flow Projection
• Hotel Financial Performance Projection
• Capex Planning
• Investment Return Assessment
• Feasibility Financial Assessment

Pre-Opening Phase

• Pre-Opening Budget Review
• Capex Monitoring
• Recruitment Assessment
• Sales & Marketing Strategies Implementation Assessment
• Owner’s Obligation and Responsibilities Management

Post Opening Phase

• Operation Performance Assessment
• Annual Budget Review
• Capital Expenditure Plan Management
• Sales & Marketing Strategies Monitoring
• Site Inspection
• Owner’s Obligation and Responsibilities Management