Receivership - Integrity Lodging
Receivership
As in any business, knowing what you are good at is critical, the same is true for hotel management companies. Some management companies have particular expertise in operating resorts, while others focus on limited or select service properties. The successful management companies clearly understand their own strengths and are wise to openly articulate their objectives. This allows industry partners to better filter and funnel potential deals. Savvy management companies recognize that their industry partners are an incredibly valuable resource in terms of creating and managing deal flow so ensuring that they fully understand the direction of the firm can improve the quality of referrals and help minimize or eliminate referrals that don’t quite fit the bill
Overall, as with the rest of the hotel industry, the landscape for management companies is evolving. The role filled by a management company can vary from owner to owner and the services they offer can vary from deal to deal. Management companies can serve as a third party operator or an equity partner; they can provide due diligence and underwriting support or they can provide expertise in marketing, food and beverage, HR services, and more. The key to identifying the appropriate management company for any particular deal is to understand the key aspects of the deal and try to identify a management company whose skills and expertise match the hotel’s needs thus ensuring that the owner and management company’s objectives align will help further the overall success of the deal.
When you trust your hotel, resort or lodging destination to Integrity Lodging we will dedicate ourselves to achieving your goals and running a highly efficient and effective hotel. As part of our hospitality management services agreement, you can expect:.
- A custom hospitality management services contract meeting your unique needs – short or long term, financing assistance, and more.
- High returns on your investment – we typically exceed our peer group in returns
- A hotel you will be proud to own – running smoothly with tight operations and consistently exceeding brand requirements.
Consulting services offered
- On-site review of your property
- Direct interaction with owner, management and staff
- An executive summary of the evaluation
- A comprehensive evaluation report
- A 10-point action plan addressing specific challenges and listing corrective measures
- Thirty days of phone consultation
- Option for implementation management
