Carry out project feasibility studies and market research.
Review feasibility studies and market research reports prepared by others.
Identify a hotel management company for the facility. Hold meetings with the hotel management company to conclude all necessary agreements and contracts, including but not limited to “Royalty Agreement”, “Franchise Agreement”, "Rental Agreement" and “Technical Services Agreement”.
Discuss with the project architect and interior architect / decorator and identify capacity and equipment required at the facility.
Prepare Investment Budget.
Contact individuals, companies and financial institutions to find investor partner(s) and/or loans.
Assist investors looking to purchase a facility.
Pre-Opening Period and the Investment Process
Prepare and check FF&E (Furniture, Fixtures & Equipment) and OS&E (Operating Supplies & Equipment) lists for selection and procurement of such equipment and supplies.
Prepare the budget for the investment process.
During the investment period, join all weekly meetings held by site teams (interior/exterior architects; electrical, mechanical, landscaping and design teams) to inspect the construction from a managerial perspective.
Prepare budgets for pre-opening and post-opening periods for Human Resources, recruit top management and prepare employee job definitions.
Select and recommend computer hardware and software required for the investment and audit the purchasing process.
Prepare and obtain the required Hotel Quality Standards.
Prepare the Operating Budget.
Provide assistance during the hotel rating process required by the Ministry of Tourism.
Operating Period
Operate the facility on behalf of the property owner.
Implement and report a “Mystery Customer” program for inspecting the facility.
Identify whether the business is operated in accordance with the specified standards and perform profitability analyses.
Provide recommendations for improving quality and profitability, follow-up results and audit related processes.
Provide human resources consultancy to ensure the facility can be operated with optimum number of employees and organize trainings accordingly.
Represent investors and manage Investor/Operator relations, audit the operator.
Provide assistance during the formulation of the facility's general and marketing strategy.
Prepare and implement renovation and maintenance programs.
Perform “Facility Valuation” for setting the sale price, drawing loans out or leasing the facility.
Maintain and audit all management control, information and accounting systems.
Prepare balance sheets and income tables and carry out an annual internal audit, in addition to special audits.
Carry out project feasibility studies and market research.