Hotel Management
"We understand what the market is experiencing and prepare for future expectations”
Octagon is privileged to have an efficient staff with years of experience in the hospitality industry that are competent and knowledgeable in providing services that will maximize cash flow along with return on investment for any type and size of property. This same staff in conjunction with other industry professionals can bring the unique perspective of an owner/operator with extensive consulting experience to a variety of hotel development projects.
For Management Contract clients we offer reasonable base management fees, a mutually agreeable Incentive management fee, plus term lengths and cancellation clauses focused on each of our client's needs.
Here is a sample of some of our "tools":
| • |
Get to know the property, its staff and market |
| • |
Cash flow maximization by driving revenues and vigorously controlling expenses |
| • |
Business planning with detailed market plans, budgets and capital improvements when appropriate |
| • |
Property visits to assist the management team in carrying out the business plan |
| • |
Periodic reports to keep our corporate staff appraised of progress and areas needing attention |
| • |
Volume purchasing agreements to maintain consistency and cost controls |
| • |
Redecorating and refurbishing as needed to enhance market appeal and operating efficiencies |
| • |
Web-based centralized accounting and accounts payable with ADP payroll systems |
| • |
Human resource procedures that create a sense of belonging while motivating teamwork |
THE OCTAGON CLIENT
| • |
Investment groups who prefer not to be directly involved in the operation of their hotel investments |
| • |
Lenders and special servicers in either the foreclosure process or disposition phase that need receivership and / or management services for transitional or distressed properties |
| • |
Groups considering purchasing or developing a hotel, motel or resort who need assistance with the process as well as support coordinating the various disciplines necessary to complete the course of action |
| • |
Owners and operators seeking operational or marketing consulting from a hotel operator with a diverse in-depth experience in this field |
| • |
Institutional owners who do not have an in-house hotel asset management staff to help develop strategic plans for achieving the investment goal. Furthermore coordinating the efforts of the existing management over the lifespan of the investment in order to maximize their interest |
For Asset Management and Operational Consulting clients we offer a range of fee structures tailored to each unique situation and focused on the client's goals from the assignment.
Our "tools" include, but are not limited to:
| • |
Maximize the interest level of the Operator and productivity levels of the property's staff so as to increase cash flow. |
| • |
Insure that the physical maintenance and the capital expenditures to improve the property are completed thereby maintaining or improving the physical condition of the hotel. |
| • |
Assist the Owner in developing realistic goals for the property, communicating those to the Operator and subsequently encouraging their achievement by reviewing in detail the Operator's efforts towards achieving those goals. |
|
 |
