Operations and/or Asset Management
Since 1997, the professionals at IHM have successfully improved operating
performance and profitability for hotels, motels, lodges, and food
and beverage operations. Projects have ranged from city centre convention
hotels, destination resorts, suburban hotels, motor inns and a variety
of neighbourhood pubs and restaurants.
We have operated properties under
numerous franchises and as independent operations; Our management
solutions increase revenue, reduce cost and improve efficiency by
focusing on opportunities to drive an asset’s upside and achieve
success with emphasis on the following.
Effective
Management
IHM takes a hands-on approach to managing. We maximize cash flow
and business value through proper planning, flexible organization
structures, proven operational methods, fiscal control and aggressive
marketing.
Strong Marketing
IHM has demonstrated the capacity to quickly and effectively evaluate
market conditions; balance property attributes to customer needs,
develop specific marketing strategies and implement sales programs
that generate results.
Skilled Staffing
Through IHM’s industry network, we retain experienced and
qualified industry leaders for our projects. We provide our management
team the necessary resources and support systems to achieve project
goals.
Fiscal Control
IHM has comprehensive and proven financial programs that ensure
all income is captured and accurately reported, and expenses are
tightly controlled. We provide line-by-line profit and loss statement
and cash flow analysis.
Timely Client
Reporting
IHM provides its clients with detailed financial and narrative reports
on all significant activities that transpire during the month. Additionally,
the project leaders are personally available to our clients whenever
necessary.
Purchasing
IHM has existing negotiated discounts with preferred suppliers of
goods and services. Our relationships usually provide substantial
savings on items such as long distance phone service, credit card
fees, food & beverage supplies, guestroom & cleaning supplies,
linens, guest amenities, and insurance.
Renovations
IHM oversees and directs a wide range of capital improvements tailored
for each project; from correcting deferred maintenance items to
overseeing million dollar renovations. IHM manages all aspects of
each project to ensure that every dollar spent is in the approved
budget and maximizes the dollar return on investment.
Lender Relations
IHM has developed relationships and a favourable reputation with
many of the Banks and private lending institutions. Our reputation
for stewardship often provides additional comfort for lenders.
Enhanced
Realizations
Hotels and restaurants are typically sold on the basis of free cash
flow. IHM improves all aspects of the operation with the understanding
that increases in operating earnings has a direct and significant
impact on the eventual asset realization.
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