Samenvatting

Samenvatting Hotel Asset Management, the business of hotels (BoH)

2 keer verkocht

Vak
The business of hotels (BOH)

Instelling
NHTV (NHTV)

Boek
Hotel Asset Management

Duidelijke informatie waarin in het kort wordt verteld wat het belangrijkste is om te weten uit het boek

[Meer zien]

Voorbeeld 3 van de 21 pagina's

Bekijk voorbeeld

Heel boek samengevat? Nee
Wat is er van het boek samengevat? Hoofdstuk 1, 2, 7, 11, 14
Geupload op 30 november 2021
Aantal pagina's 21
Geschreven in 2020/2021
Type Samenvatting

hotel
asset
business
hospitality
capital
management
irr
value
str
star
analysis
capex
budgeting

€6,99

In winkelwagen

Opslaan

100% tevredenheidsgarantie
Direct beschikbaar na je betaling
Lees online óf als PDF
Geen vaste maandelijkse kosten

Book Hotel Asset Management Summary
Chapter 1
Professionalization: the process by which a profession arises from a trade or occupation

The Hospitality Asset Managers Association (HAMA) was formed in 1991 with the objective
of creating a unified voice for hotel owners frustrated with management companies and
contracts that heavily favored the operator.

Most asset managers had their first jobs in hotel general management (56%), while 18%
started in consulting and 16% started in accounting careers.

Firms most influential in launching asset management careers were private equity, private
investment groups, real estate investment trusts, advisory firms and hotel ownership and
development companies.

Most asset managers had their training in hotel operations (31%) or an asset management
firm (25%).

MAI: Member of Appraisal Institute (for real estate valuation professionals)
CPA: Certified Public Accountant (for auditors)
CHAE: Certified Hospitality Accountant Executive (for hotel controllers)
CFA: Certified Financial Analyst (for financial analysts)

The Certified Hotel Asset Manager (CHAM) designation is the world’s only advanced
certification available to accomplished hotel asset management professionals. Requirements:
• Two letters of recommendation
• Seven years of lead hotel asset management experience
• 200 multiple-choice questions

Functions/ activities of Hotel Asset Managers (1 most time spend on & 10 least time spend
on):
1. Monitor the financial performance
2. Capital expenditures
3. Revenue management
4. Operational reviews
5. Advise ownership on investment strategies and management issues
6. Contracts
7. Monitor investment community
8. Loan compliance
9. Franchise affiliations

A profile of the hotel asset manager is that of a highly qualified and experienced executive
with a wide range of operational, financial, and investment management skills. However, the
growing complexity and scale of the hotel business require that they periodically tap into
outside expertise to assist with their asset monitoring and management activities.

,External expertise:
- Service standards
- Revenue management
- Information technology
- Labor management
- Purchasing
- Food and beverage cost reduction
- Property taxes
- Green operations and development
- Legal issues
- Risk management

Skills important for asset manager performance:
- Investment skills: understanding market investment cycles, supply demand and
competitive analysis, ability to model discounted cash flow analyses, valuations and
hold/ sale analyses
- Financial skills: reading and analyzing financial statements, capital expenditure
analysis, forecasting and budgeting
- Soft skills: negotiating skills, analytical skills, judgement, interpersonal relations,
critical thinking, persuasion and empathy
- Planning skills: revenue management, strategic planning, market positioning
forecasting and budgeting
- People management skills: leadership, communication and motivation, teamwork,
basic understanding for technical skills

,

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.