Hotel properties are real estates, and real estates
can be treated as investment.
Hotel owners tend to treat their properties as real
estate investment, and as such, the principles of real estate
asset management apply.
The broad objective of asset management is to maximize
property value and investment returns.
This involves finding the most consistent and highest
sources of revenue, reducing expenditures when possible, and
mitigating liability and risk, among other things.
This module discusses asset management in hotel
business as making entrepreneurial decisions related to
operations, maintenance, risk management, tax and loan.
Good asset management focuses on maximizing property
value for investment purposes.
The purpose, whether with hotel or any other real estate,
is to cultivate market value so ownership can increase its
returns.
This module treats hotel as an
investment asset that can be bought, improved and resold for
profit. Asset
management tools such as market research, forecasting and data
analysis will be covered.
In addition, hotel properties treated as real estate
investment trust will also be discussed.
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