Hotel asset managers typically work closely with hotel owners and operators to develop and implement strategies that align with the owners' investment objectives. This may include developing and monitoring operating budgets, implementing cost-saving measures, negotiating contracts with vendors and suppliers, and identifying opportunities to increase revenue through sales and marketing initiatives. This could be typically done in association with either an in-house operations team or one of the Third Party Hotel Management Companies. https://www.promiller.in/hotel-asset-management