Teaneck Marriott at Glenpointe
hotelAVE's approach includes disciplined research, analysis, reporting, and controls that begin with the Road to Maximizing Asset Profitability (“roadMAP”). The roadMAP includes a review of all relevant operational, physical, market, financial, marketing, and investment criteria of an individual hotel.
Our hotel asset management team begins by conducting a comprehensive study of the competitive market and operating environment, including the hotel’s physical condition, capital expenditure history and capital expenditure plan. Financial performance and labor productivity are reviewed and benchmarked. Sales and marketing strategies are evaluated and measured for ROI. Legal documents are meticulously reviewed with respect to compliance with operating and business terms. Members of the on-site and regional management team and franchise are extensively interviewed. Our goal: to maximize cash flow and protect the economic value and physical condition of the investment.