In todays cap rate environment, where $1 on the P+L drives anywhere between $12 and $20 on the balance sheet, the focus is on capital value improvement. Owners, investors and operators with a substantial investment in bricks and mortar want to ensure a continuous competitive return from an efficiently utilised asset. We understand that enhancing the asset value via an experienced asset manager who can add value to the owner/investor and to the operator is an imperative. THSA employs deep consumer insights and contemporary management experience with marketing expertise in the digital distribution environment to drive incremental revenue.
THSA has an innovative, collaborative approach to asset management and provides the following services:
owners or investors representative
communication with owner and on-call availability
regular attendance at the asset to actively assess, review and optimise operational performance
owner support re unique elements of the hospitality and tourism sectors (jargon, ratios, legislative, professional and social environments)
regular updates and reporting against asset plan
business strategy planning sessions to align owner and operator interest
attendance at management meetings with operator to review trading performance
review annual business plan and budget presentations
review annual capital expenditure and replacement plans
oversight of external consultants and technical services
review and analysis of concept and development plans
lobbying of local, state and federal governments on development and support issues
cost reviews – land tax and valuation appeals, insurance, rates, taxes, capital expenditure, FF+E reserve, professional fees
review of asset utilisation for alternate or best use – e.g. car parks, retail leases etc.
pre-opening planning, design and FF+E, budget preparation, strategic marketing planning
technology needs analysis, systems specifications, RFP process, vendor selection, negotiations and systems integration.