Asset Management Services
Asset Management Services including a redevelopment plan on the Omni Shoreham in D.C.
As an operating business with multiple stakeholders, hotels are complex; cash flows can be volatile given the absence of long term leases. The owner must not solely rely on the hotel’s management company to maximize cash flows and long- term value. An experienced asset manager will focus on the financial interests of ownership, acting in a fiduciary like role to minimize risk and enhance value.
Dauntless Hospitality Advisors first conducts a detailed review of the hotel market and the subject hotel’s competitive positioning, including the hotel’s physical condition and capital expenditure plans. Financial performance is reviewed and benchmarked against industry leaders. Sales and marketing strategies are evaluated. Great attention is given to market positioning, relative to market demand and competition.
Food and beverage operations and leased space upside are studied. Legal documents, including management and franchise agreements are reviewed with respect to business terms and potential changes that would benefit the owner. Fixed costs including real estate taxes are analyzed. Finally, as a capital markets driven advisor, Dauntless will also review the financing and capital structure and make summary recommendations.