In today's financial environment, hotels are generating less cash flow than over previous years.  Changes in business travel and leisure travel patterns have experienced sudden and dramatic downturns.  Many hotels are at risk of short-term to mid-term defaults on current financing.  Owners, lenders and management are in need of immediate assistance to avoid a significant decrease in hotel performance. 

Summit Real Estate Advisor's hospitality division or Summit Hospitality Advisors provides clients with the following services. 

Workout Avoidance

-Cost Review and Minimization

-Revenue Maximization and Cash Flow Controls

-Management Review & Staff Planning

-Sales & Marketing Strategy

Foreclosure Due Diligence

-Engineering Inspection

-Management Review

-Brand Support

-Financial review

Asset Management

-Active Hotel Management including repositioning strategies and management contract negotiation

-Analyze the hotel’s monthly financial results and review any significant variances from the budgeted figures

-Visit the hotel on an ongoing basis to ensure that the management team is effectively managing, marketing, and maintaining the hotel

-Monitor the hotel’s operating expenses to ensure that effective cost-containment practices are in place, that operating expenses are in-line with those of comparable properties and industry benchmarks, and that property management is maximizing cash flow

-Evaluate personnel training procedures and practices to ensure that all employees contribute to overall guest satisfaction

-Monitor any legal or labor issues related to the management of the hotel

-Evaluate all pricing strategies and yield management practices to ensure that the hotel is maximizing revenue per available room (RevPAR)

-Provide written reports to ownership on a regular basis (monthly, quarterly, and annually) that contain salient issues related to the management and financial performance of the asset

Summit Hospitality Advisors has brought together the industries top expertise in various disciplines to provide an end-to-end solutions based team.  This expertise includes hotel finance, hotel operations, engineering services, property management and marketing, and food and beverage planning and management.