Hotel operators have many responsibilities that typically center around “day to day operations”, including hiring and training employees, ensuring high guest satisfaction, defining operating procedures, complying with brand standards, complying with local laws, pricing hotel rooms and other revenue sources, marketing the business, managing hotel bank accounts, and purchasing operating supplies, to name a few. While they operate on behalf of an owner, hotel managers have their respective company agendas, including their own company’s profitability and unit growth. Hotel asset managers understand this dynamic, and hotelAVE’s approach ensures operational accountability in the manager’s focus area, while adding a much broader direct owner focus on the hotel investment performance. This approach is illustrated below:
![](https://www.hotelave.com/wp-content/uploads/2021/02/white-field-photo-thIarMEfujc-unsplash-1920x2880.jpg)
Hotel Management Companies Versus Hotel Asset Managers – What’s the Difference?
- March 15, 2021
- Asset Management
Related Posts
![](https://www.hotelave.com/wp-content/uploads/2021/01/yousef-alfuhigi-bMIlyKZHKMY-unsplash-660x825.jpg)
Market in Decline? – It’s time to focus on fundamentals and implement these metrics and operational strategies to maximize financial performance during declining economic periods
- February 8, 2021
- Operational Effectiveness
![](https://www.hotelave.com/wp-content/uploads/2021/01/ross-parmly-rf6ywHVkrlY-unsplash-660x438.jpg)
Challenging the Industry Standard Paradigm to Management Performance Tests
- January 25, 2021
- Operational Effectiveness
Recent Posts
- Fourth Quarter Hospitality Earnings Summary
- Condo Hotel Developments and Hotels With Residential Rental Programs Are Fraught With Complexity
- Third Quarter Hospitality Earnings Summary
- More Hotels Plug Into Profit Potential with EV Chargers, But Operational Pitfalls Persist
- The Impact of QR Code Integration in Hotels