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Key to successful asset management is to understand ownership's objectives, clearly defining those objectives
for the operator and developing and executing specific actionable initiatives, while maintaining a structured
oversight. BMC's experience owning and operating hotels, resorts and condominium hotels enables us to effectively
counsel owners on issues that arise on a day-to-day basis, develop strategies to create value and mitigate risk.
BMC provides the following asset management services to owners and investors of hotels
and resort properties:
Operational and Financial
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- Property Familiarization
- Reviewing historical financial information, the annual budget package and marketing plan(s)
- Assessment of market and competition issues
- Reviewing management agreement(s)
- Conducting meetings with property EC team members to understand focus and direction, and issues at the property level
- Summary report(s)
- Monthly
- Monthly review and analysis of hotel operations and financial statements, budget and capital improvement
reviews(s)
- Sales and marketing evaluations
- Reviewing unbudgeted expense requests
- Reviewing third party contracts, leases, and concession agreements
- Annual
- Annual business plan preparation custom made to the owner's needs including historical performance, forecasts, capital
expenditures, budgets, market summary, capital account summary, and return analysis
Property Acquisition and Due Diligence
- Deal sourcing and market and investment underwriting
- Market analysis
- Franchise Evaluation and PIP Scope and Costing
- Oversight and management of PIP and capital expenditures program
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