Hotels - different income streams
Rooms
Food & beverage
Spa, wellness & gym
Conference venues
Minor operated departments
What affects the hotels´ net income?
Size
Efficiency
Occupancy rate
What appraisal methodology should be used for hotels?
DCFA
What management options exist?
Direct management
Service management agreement (SMA)
Lease
With SMA
Without SMA
Service management agreement (SMA) - what needs to be deducted off of the owner´s P&L?
Base fee of revenues (2%-4%)
GOP Base Fee: Incentive fee on GOP or Adjusted GOP
Lease - what is to be paid by the lessee?
Fixed lease amount
% on revenues and a guaranteed minimum amount
Hotel management - what is a “Sandwich Company”?
A company that…
1) …gets the hotel through a lease
2) …gets an operator for the service
What is the standard P&L structure of USALI?
Departmental revenues
Departmental costs
= GOI
Undistributed expenses
G&A
Marketing
Property, Operation & Maintenance
Energy
= GOP
Service Agreement charges
Base fee (% of revenues)
Incentive fee (% of AGOP)
Fixed charges (e.g., fixed FF&E reserve)
Zuletzt geändertvor 2 Jahren