Dimond Hospitality Consulting Group can perform this vital function eliminating the need for you to hire in-house asset management personnel. We act as fiduciaries exclusively on your behalf to enhance the value of your hotel real estate.
Our proactive approach is to continually oversee the performance of your hotel management. Some of our methods include:
- Analyzing the benefits of day-to-day management options; i.e. self-management, joint venturing with a managing partner, or engaging a third party management company
- Searching for a qualified management company
- Negotiating your management agreement
- Reviewing the annual financial plan (budget) for the hotel
- Reviewing the annual marketing plan
- Reviewing the annual capital improvement and spending plans submitted by management
- Monitoring the hotel’s progress based on financial and marketing plan
- Conducting unannounced site visits to analyze service and maintenance quality
