As a hospitality asset management company, we aim to discover the latent potential of the current hotel business module by tweaking the existing structures. ProMiller, a hotel management agency, uses 'communication' as a tool to keep expectations clear from all parties to resolve conflicts and increase overall profits of the hospitality asset. Checkout - www.promiller.in/hotel-asset-management

1. HOTEL ASSET MANAGEMENT
Hotel asset management is the process of optimizing the financial
performance and value of a hotel property through effective management
of its physical, operational, and financial assets. The goal of hotel asset
management is to maximize the return on investment (ROI) for hotel
owners and investors by enhancing the revenue and profitability of the
hotel while also managing costs- that’s essentially what all Hotel Asset
Management Companies in India set out to achieve.

2. 1. Intro
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.

3. For operator-driven hotels, Hotel
Asset Manager works as a
conduit between the hotel
owner and the operator. As part
of the scope of hotel asset
management for operator-driven
hotels, regular audits (mystery
audits or otherwise) are
performed on the hotel
operations. This includes
analyzing the existing work-flows
of the hotel and identifying areas
of improvements.

4. Thank you!!!