Hospitality Asset Management

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To have a Candela representative contact you about hotel branding and management, please submit the form below.

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All calls will be returned within 24 hours.

We tailor our hotel asset management approach to each hotel owner's objectives, market and property.

Our hotel asset management approach focuses on results and long term strategic goals through:

• Hotel Sales & Marketing Plan review - comprehensive review of the proposed strategies, positioning, tasks, revenue maximization, pricing, goals and metrics with recommended revenue optimization tasks
  Objective: Identify 3-5 revenue enhancements to increase GOR by 2+%
• Annual Budget review - detailed line-by-line review to identify potential revenue enhancements, cost savings and errors with list of potential ROI improvements
  Objective: Identify and justify 5-10 GOP enhancements that increases NOI by at least 1%
• CapEx evaluation and prioritization based on ROI - comprehensive financial review and analysis of capital expenditure plan, using IRR, payback period and capital rationing calculations to prioritize CapEx budget.
  Objective: To prioritize hotel CapEx spending by ROI and most rapid payback
• Management Agreement compliance audit - comprehensive review of the hotel management agreements and performance metrics
  Objective: Identify specific tasks, deadlines and performance objectives that are not in compliance with the hotel management, marketing, reservations, purchasing and any other agreement(s), currently in effect
• Monthly review of P&L Statement and trend analysis - detailed line-by-line review of all monthly profit and loss statements to identify anomalies, areas that need improvement, trends and critical areas of concern
  Objective: Provide recommendations that improve hotel's NOI performance
• Staffing Plan and Organization Chart review - review staffing guides and performance standards to actual results and evaluating current staff organization chart structure compared to needs.
  Objective: Maximizing the effectiveness and efficiencies of hotel  staff
• Hotel Sustainability review - green audit to provide a benchmark, potential cost savings and recommendations for reducing energy, waste management and water costs
  Objective: Reduce hotel utility costs by at least 5%
• Maximizing resources - utilizing Lean Six Sigma and/or Malcolm Baldrige National Quality Program processes to improve overall hotel operation while maintaining or improving quality.
  Objective: Improve guest satisfaction scores and decrease waste
• Number crunching - select analyses to provide hotel owners with the tools to make fast based decisions that net results.
  Objective: Removing guess work from financial decisions
• Long-term strategic recommendations - strategic long-term planning based on hotel market, revenue and cost trends
  Objective: Provide hotel owners with a long-term (5-10 year) outlook for their investment

contact COO Alphy Johnson more more information on our services