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MANAGEMENT SERVICES

WHAT HOTEL CONDO SERVICES CAN DO FOR YOU

Management Services
Accounting
Sales and Marketing

MANAGEMENT SERVICES:

At times, it can be the small things - how a property is listed in its 800 number, the staffing level in reservations, the signage from the road, or the booking policy for catering groups - that lead to tremendous potential in increasing revenue. Additionally, new eyes looking at the expenditures can usually find ways to improve profitability. In order to discover the many potential opportunities in a condominium or hotel property, it is essential to perform complete evaluations to determine the effectiveness of the current management.

To achieve a successful transition from an under performing property to a more profitable one, a total understanding of the complete property is essential. At the beginning, the physical property, marketing strategies and existing operating policies are carefully analyzed. A property evaluation, including an extensive review of the financial results and its comparison to industry standards, is performed. The local demographics and competition are studied in-depth to determine the best market position. HCS's team of professionals, with their proven and detailed administrative and management procedures, ensure that all aspects of the property are evaluated, with action plans designed and implemented to make an immediate positive impact on operations.

Property Representation
Physical Evaluation
Property Inspection
Preventive Maintenance Program
Capital Planning
Renovation Planning
Renovation Supervision
Franchise Standards
Operating Statement Review
Recommendations for Improved Operations
Labor Management Procedures
Cost Control Procedures
Purchasing & Inventory Controls
Front Office Systems
F&B Cost Controls
Employee Benefits Review

ACCOUNTING:

HCS has developed its own financial system. Accounting and information reporting, as well as company policy and procedures, are available to general managers and corporate staff.

Budget Preparation
Monthly Financial Statements and Analysis
Monthly & Quarterly Reports
Inventory Accountability
Internal Audits
Financial Restructuring

SALES AND MARKETING:

There are many factors that can impact revenue results. Sales and Marketing services encompass market positioning through competitive analysis defining strengths and weaknesses and strategic marketing plans, along with specific account strategies, which can greatly increase condominium/hotel profits.

Competitive Analysis
Market Positioning
Marketing Studies
Marketing Plan Preparation
Marketing Plan Review
Property Representation