Asset Management Through Investment Cycle
Fort Worth, TX
- Services included underwriting, acquisition due diligence, and development of a strategic asset plan.
- Asset managed through disposition, achieving a 62% IRR and a 2.8x equity multiple, excluding gas royalites, during the 2.5 year hold period.
- Increased NOI by 68% during the first twelve months.
- Increased RevPAR by 30% and RevPAR Penetration Index by 18%.
- Re-launched hotel and golf course websites with improved design, SEO, PPC spend, and updated domain names. Transient bookings and ADR increased 22% and 12% respectively.
- Introduced aspirational comp set of regional resorts, increased and redeployed sales staff, and increased media spend. Group room revenue improved 21% and banquet revenue grew by 14%.
- Assisted in negotiation of more favorable contract terms for A/V concession and property and general insurance expense.
Read more hotelAVE asset management success stories at the Austin Marriott or Mansion on Peachtree hotels or learn more about hotelAVE’s Asset Management services.