Ownership of the hotel was seeking a strategic repositioning of the asset with a goal of minimizing capital expense and driving cash flow for a planned disposition. Based on a deep understanding of the Hilton brand standards, hotelAVE helped negotiate the Hilton PIP, increase RevPAR performance, and improve profitability.

hotelAVE assumed asset management upon opening for the 200-room full-service Hilton Hotel in Brooklyn, NY. Ownership’s goal was to quickly achieve targeted RevPAR ranking, optimize the Food & Beverage operating model, and achieve NOI targets. Additionally, ownership’s objective was to refinance the existing debt within 3 years.

hotelAVE was engaged to create and execute an asset management plan that included underwriting and positioning the first luxury hotel in the Savannah market with a goal to achieve #1 RevPAR ranking. Our team was also tasked with developing a pre-opening strategy with the operator to support ownership’s objectives.