Owners in the past had to rely on the efforts of hotel management groups to manage the day-to-day operation of a hotel without in most cases, having the benefit of experienced representation and technical input. With the increasing cost of hotel development, operating costs and volatile markets resulting in the threat of diminishing returns, hotel owners and investors are looking for hands-on involvement in the long term management of their assets for better ROI’s.
As a hotel investor today, it becomes mandatory to have a comprehensive skill set that includes :
- An understanding and knowledge of hotel operations,
- Management of revenues and costs
- An understanding of marketing,
- Knowledge of global economics and the markets.
LiveBean with its wealth of hospitality experience in all these areas helps investors at identifying their profit potential, maximizing it for the benefit of the owner.
We do not manage the day-to-day operations of the hotel but act as a liaison representative from the owners to the management company. Simply put, as the owner’s representative advising on new profit opportunities, cost savings and operational advantages we ensure that the hotel owner’s strategic objectives both financial nonfinancial are met.