Asset Management and Financial Analysis
Project management experts, specialists in operations, brand services and operator selection, hotel valuation and financial analysis.
Whether preparing your asset for sale, considering transitioning to independent or another brand, BAIDAS&K asset management are here to assist you with your property’s specific needs.
BAIDAS&K act in an advisory capacity throughout, as the Owner’s Representative, ensuring that the Owner’s interests are protected and that the project development and operations proceed in line with policies, budgets, procedures and timescales planned. BAIDAS&K do not take executive authority and all operational control and responsibility will remain with the Operator’s management team.
Under our asset management role, we actively provide ongoing consultancy advice. BAIDAS&K offer a truly personalized experience where BAIDAS&K equip, educate and empower Owner’s to confidently manage their assets:
- Represent the Owner’s interests in dealings with the Operator and act as representative on management matters related to the operation of the asset.
- Interact with senior executives of the Operator to establish – to the best interest of the Owner – a working relationship with the corporate-level representatives responsible for the management and operation of the asset.
- Ensure contract compliance of Hotel Management Agreement (HMA) and monitor performance clause as HMA.
- Analyze the monthly financial results and review any significant variances from the budgeted figures with designated representative(s) of the Operator to ensure an appropriate action plan is developed, and to closely monitor the implementation of corrective actions; and report to the Owner.
- Evaluate the strengths and weaknesses of key management staff on a continuing basis and inform the Owner on the experience and effectiveness of the on-site management team.
- Ongoing visits, incessant basis to ensure that the management team is effectively managing, marketing, and maintaining the asset.
- Review with Owner the annual sales and marketing business plan, capital improvement plan, and operating budget as permitted by the terms of the management contract.
- Analyze monthly status reports provided by management and compare the reports and data therein to the operational goals set by management.
- Monitor market conditions and assess how supply and demand characteristics impact the asset’s revenues and profitability.
- Attend management meetings during visits to keep abreast of all activities related to the marketing and management of the asset.
- Communicate and meet with the Owner on a regular basis – at least monthly – to highlight activities and events associated with the Hotels.
- Recommend approvals, rejections or changes to annual revenue plans, sales and marketing plans, capital improvement plans and full P&L budgets to the Owner.
Our Services
Our consultants can help you plan and execute large, high-profile, or complex projects; from renovations to complete property redevelopment projects. Many factors need to be considered and not overlooked. Find help with setting project scope, scheduling, budgeting, design, engineering, contracting, direct project supervision and more. BAIDAS&K offer Project Management services that provide strategic guidance and leadership throughout the stages of a hotel project.
From evaluating hotel market positioning to analysis of sales, marketing and service delivery, BAIDAS&K experts can identify and guide owners to stabilize current operations and reveal opportunities to impact revenues streams and profitability.
Do you have the right hotel management company operating your property? The right management team? Is product delivery and customer service at the top end of the scale? Is the facility being operated and maintained sufficiently and efficiently? Each of these will affect property value.
BAIDAS&K consultant’s impressive performance history allow for reliable guidance to effectively navigate a myriad of issues for owners to make informed decisions regarding their asset.
Our experts can evaluate the financial health, risks, performance and future potential of a business. Highlighting operational inefficiencies, detect opportunities and present comprehensive plans to improve processes and performance. With years of experience, BAIDAS&K Consultants are able to advise owners and operators on budgeting and forecasting, competitive analysis, Capex planning and so much more.
An effective strategy for improving the value of a hotel property is to align it with an optimal brand, franchise or operator. Many first-time hotel owners and developers, however, don't yet have strong relationships with brands and operators and relying on an expert can be the difference between constant struggles and a successful long-term relationship.
Engaging an expert is valuable to analyze the market, competition, and opportunities to capitalize on a particular brand (or soft-brand).
Implementing brand standards and systems can be costly to establish and maintain. BAIDAS&K Consultants have the knowledge and experience to assist with examining the costs and highlight the benefit of each option, assist with selecting the right brand and support with the contract negotiations to move the project ahead.
Operator selection and contract negotiation are complex processes that differ largely from case to case, the result of which will define the future of the owner or operator relationship. However, hotel operators are generally far more experienced than owners in these matters and as such have a distinct advantage when it comes to the negotiation process. Management agreements can also be difficult to get out of, further emphasizing the importance of the selection and negotiation process and the inclusion of performance and termination clauses, which are not easily negotiated. With years of experience, our clients can be confident that guidance from BAIDAS&K will ensure that all contracts will be up to industry standards.