Asset Management

Austin Marriott at The Capitol
Austin, TX

  • Increased NOI by $1.7 Million or 62% in first 3 years since takeover despite a 38% increase in supply and no change in product condition.
  • Worked with regional team to increase BAR pricing strategies that have resulted in a 26% increase in the property's weekend ADR over the past two years.
  • Instituted weekly cost containment meetings due to lack of focus on controllable costs.  Incremental flow has since been positive.
  • Conducted competive shop of F&B menus, gift shop, and parking gargage pricing that resulted in price increases to market levels.
  • Identified a significant inter-company overpayment to Marriott through review of trial balance reports that resulted in a $70,000 reimbursement to owner.

Read hotelAVE’s asset management success stories at the Doral Tesoro or Mansion on Peachtree hotels or learn more about hotelAVE’s Asset Management services.

Austin Marriott at The Capitol - Austin, TX