FAQs
DO I NEED A HOTEL MANAGEMENT COMPANY?
Is your room revenue declining, while expenses are rising?
Underperforming hotels and resorts is a complicated issue. The key to resolving it is to retain an experienced hotel management company. PWP Hospitality Group offers a customized approach which considers special market conditions and the physical condition of the property. Whether the owner's goal is to increase revenue to attract a buyer, or to implement a long term profitability goal, PWP will develop a strategy to reposition the hotel for recovery.
What should I do if I'm planning to develop a hotel or resort?
PWP Hospitality is qualified to perform a feasibility study, which would address whether the current and future market will support a hotel/resort. If so, what category of hotel is needed and how much would it cost to develop? PWP assists with franchise selection, pre-opening marketing/operations and a two year pro-forma forecast.
My franchise is requiring my hotel to renovate, how can I best control costs?
PWP has relationships with many franchise companies, and we are experienced in repairing franchise issues on behalf of the owner. The key to hotel success is profitability. PWP has established relationships with many vendors and due to the volume, PWP can often negotiate more competitive pricing on goods and services. Renovation costs must be cost contained to insure that the hotel's performance is improved.
How is the management company paid?
The company offers flexible contract terms and competitive management fees. PWP offers a complimentary consultation, so whether our advice simply generates thoughts and owner action, or leads to a management contract, PWP is the company that can obtain results for the owner.