Pre-Opening Asset Management Services

Put hotelAVE to work for you before your property opens

hotelAVE has negotiated numerous management contracts and technical service contracts (TSAs) for to-be constructed hotels and, because of the breadth and depth of our professional experience, offers a wide variety of services including:

  • Preparing and/or validating the Operator’s proforma, including highlighting risks and upside.
  • Evaluating technical service issues such as model room specifications, attic stock requirements, and IT system requirements.
  • Selecting, structuring, and negotiating management or lease agreements with tenants such as spas and restaurants.
  • Exercising owner approval rights under the management agreement including key management approval and first year budget approval.
  • Working with Operator to develop Hiring Schedule and Critical Path.
  • Assisting in preparation and approval of Pre-Opening and OS&E Budgets.
  • Participating Operator in pre-opening marketing, including development of pricing strategies, sales force staffing and deployment, sales action plans, booking goals, website development, selection of PR firm, and allocation of pre-opening marketing funds.
  • Reviewing brand Property Improvement Plans (PIP) to brand standards and assisting in negotiating brand PIPs.

Read about hotelAVE's successful pre-opening asset management services at the Ames Hotel in Boston or learn more about our other professional consulting services.

Ames Boston - Boston, MA

Ames Boston
Boston, MA