As an owner you face two competing essentials when it comes to financial analysis and accounting statements. On one hand, you need the best internal controls and unwavering observance of governance issues. On the other hand, you need to optimize your property’s profitability which excessive and inefficient financial reporting can impair.
We use a centralized shared service approach because it provides to you the most efficient delivery of your financial and accounting data. It all starts with our controller who monitors all bills, all coding and payment to vendors. This work augments the systems already in place to maximize efficiency and return on all of your capital outlays.
Our Corporate CPA then ensures that all due diligence is applied and that rules of governance are adhered to. His analysis and oversight ensures that each hotel is positioned to maximize returns.
A yearly detail budget is developed with the input from management, the Executive team and the owner. One that is based in fundamentals and supports the marketing efforts of the hotel to achieve desired results.
Finally, our Operations Manager performs a detailed analysis of the P & L breaking down each category as a percentage of revenue or on a Cost Per Occupied Room basis, to ensure the management team is adhering to your budget, goals and pre-established standards.
