Benefits of Asset Management

It is now being realized by companies that asset management should be a key component of business. Effective asset management can increase the profits and contribute in business in a big way yielding more profits.

Also, it is to be considered that every asset category needs a different focus from management’s side. Regular maintenance is required by fixed assets.

It is the assets that help in proper delivery of goods and services.

In situations where there is an operator in place, Innovative can provide complete asset management services concentrating on reviewing property operations and capital expenditures; identifying opportunities to increase profitability; ensuring competitiveness in procurement; ensuring the hotel operator is focused on the critical elements of success; and analyzing results on behalf of ownership.

Specifically, the following are provided:

• Maximizing property return through the pursuit of strategies for value creation.
• Reviewing and analyzing monthly operator performance.
• Participating in planning and monitoring of capital projects.
• Administering owner relations and represent the company at board meetings.
• Reviewing annual marketing plans and budgets.
• Reviewing asset positioning and make comparisons to market competitors.
• Assembling and evaluating pertinent market and economic data.
• Assisting with legal issues and contract compliance.
• Preparing financial projections and valuations.
• Preparing quarterly investment performance report, and
• Administering legal, tax and accounting formalities for each property.

Effective Asset Management differs from one organization to the other depending on the needs and objectives.

For more information visit: www.INNovative-hotels.com