Our interim management services aim to provide continuity in the operation of a hotel business until the asset is readied for sale, lease or long-term management. We have extensive experience working distressed assets. Quite often this will involve repositioning of the asset focusing on those factors that have led to the decline in attractiveness of the property. Our experience enables us to ensure that troubled assets are operating prudently in a cost-effective manner without hampering the guests’ perception of the asset during this critical phase in its life-cycle. Our interim management contracts are designed to be flexible and performance driven. Our senior management team combines various backgrounds within the industry, withs experience in managing hotels in Greece, Cyprus, Romania, Croatia, Bulgaria and Italy.
- Sales & Marketing
- Identification of the optimum market segmentation mix and appropriate booking sources (Travel Agents, Tour Operators, Affiliations etc.)
- Contracting policy with major domestic & international Travel Agents and Tour Operators (allotment contracts, on-request contracts, rates & discounting etc.)
- Rooms Market Mix
- Revenue Management with ongoing yield and pricing reviews
- On line marketing - Assistance on Internet. Site design and internet advertising techniques
- Specialized Account Management
- Franchise Related Activities
- Room Inventory Controls
- Sales & Marketing Action Steps - Ongoing Communication Strategy
- Revenue Maximization Reviews
- Food & Beverage
- Menu Design, Costing of Menus for Profitability
- Food & Beverage Marketing
- Food & Beverage Inventory Control
- Food & Beverage Purchasing
- Human Resources Services
- Job Descriptions for managers and employees
- Staff Selection, Recruitment, Training and Evaluation
- Incentives schemes
- Financial Planning & Control
- Preparation of simple and up-to-date financial statements, including monthly financial results.
- Conducting Annual Budgeting, Executing and Review.
- Ad-hoc budget and estimated income, salaries and other similar expenditure and operating expenses.
- Inventory of costs and benefits aimed to define which specific field or hotel department will be or will not be profitable.
- Training staff to use and interpret financial statements.
- Extensive financial control of operating results.