Timothy Wiersma, CRME’s Post

"We take the ass out of asset management." - Peter Kressaty Peter, my partner at LW Hospitality Advisors, was recently on California Lodging Investment Conference & [CLIC] Connect with Craig Sullivan talking about third party asset management in the hospitality industry. The evolution of hotels into a premier real estate asset class highlights the pivotal role of asset management in unlocking value and enhancing returns. As we've witnessed, the dynamic nature of the hotel industry demands more than passive ownership; it requires strategic, hands-on management to adapt to market changes in real time. Key to this transformation has been the integration of advanced revenue management technologies, enabling asset managers to optimize pricing and occupancy swiftly, reflecting market demand. This operational agility is unique to the hospitality sector, offering a distinct edge in maximizing asset performance. Effective hotel asset management goes beyond property management; it's about actively steering the asset to achieve optimal financial performance. The 24-hour operational model of hotels necessitates a continuous focus on guest experience, revenue optimization, and operational efficiency. What do you think? #hotelindustry #assetmanagement #hospitalityindustry

Our Chief Commercial Officer, Peter Kressaty was recently featured on Craig Sullivan's California Lodging Investment Conference & [CLIC] Connect podcast, where they talked about a variety of topics, including asset management. Watch the video below to learn more. #hospitalityindustry #assetmanagement #hotelindustry

HM's 2024 Asset Management Companies survey is open! This survey is intended for companies that asset manage hotel properties for other owners. Data should reflect only the properties a company asset manages. Results will be featured in HM's January 2024 issue and online. The deadline to participate is November 22. Click the link below to get started. https://loom.ly/pNoEn80 #hotelmanagement #hmsurvey #hotelindustry #hotelmanagers #assetmanagers #assetmanagement #hotelpros

Elevating Hospitality and Asset Management We redefine excellence in Building and Asset Management with a keen focus on hospitality and revenue optimization. Our commitment is anchored in the belief that hospitality goes beyond mere transactions; it embodies welcome, warmth, kindness, and generosity. We provide holistic solutions by Identifying and implementing the best service characteristics for each property, Strategically reducing excessive expenses, especially in room costs, addressing the root of the main problem, and offering property owners convenient access to daily booking reports, expenditures, revenue, and occupancy data, ensuring transparency and empowering them with real-time insights. At TOS, we specialize in Hospitality Management and Building Asset Management, striving to elevate the service quality and guest satisfaction of the properties under our care. We understand that genuine hospitality is the key to not only meeting but exceeding expectations, and we prioritize it in every aspect of our operations. We invest in our greatest asset - our people. Through comprehensive training and coaching programs, we instill the values of hospitality in our employees. This emphasis on genuine warmth and kindness results in not only improved guest satisfaction but also increased revenue and an enhanced brand image for the properties we manage. Tiga Orang Sukses Company envisions a future where every property we manage is a beacon of hospitality, providing unparalleled experiences and generating sustainable revenue and cash flow. Join us on this journey of transforming properties into thriving, service-centric hubs. Connect with us to explore how we can elevate the hospitality and asset management of your property to new heights. 🌐✨ #hospitality #buildingmanagement #assetmanagement #WeTOS

In the fast-paced hospitality industry, efficient asset management is crucial. Poorly maintained assets can lead to increased costs, operational inefficiencies and dissatisfied guests. Centinel asset tracking solutions are designed to help hotels like yours stay on top of every asset. #HotelAssetTracking #InventoryManagement #AssetManagement

What a great article LODGING Magazine conducted last week, featuring Ryan Overman with J&P Asset Management, Inc. regarding operational best practices and trends in the Extended-Stay segment. Very informative! Also be sure to keep an eye out for the second article next month, offering advice on the conversion process. #extendedstay #realestate #development #choicehotels

Hotel Owners: I am seeing too many regrettable departures among your asset management teams. Our industry is already facing a limited supply of high-performing asset management executives; while competitive compensation programming and design is not a cure-all it is a key piece to avoiding unnecessary departures. I am resharing key trends from a compensation study I authored as a useful resource.

🏨 Excited to share an insightful article on Hospitality Asset Management! 🌟 📚 The article explores the key strategies for effectively managing assets in the hospitality sector, shedding light on optimizing operations, maximizing ROI, and enhancing guest experiences. It's a must-read for anyone looking to thrive in this dynamic industry! 💼 Whether you're a seasoned hotelier, a property manager, or an aspiring professional, this piece offers valuable insights and actionable tips that can elevate your approach to asset management. 👉 Check out the article here: https://lnkd.in/etwDh4Qw #HospitalityIndustry #AssetManagement #HospitalityInsights #ProfessionalGrowth

When it comes to Asset Management, we advise on the effective management of hospitality assets to maximize returns and enhance the value of the property. ⁠ ⁠ Do you have an existing asset but not sure about that big “m” word? We’re here to help - https://bit.ly/3qpme4F ⁠ ⁠ #assetmanagement #hospitality #hotelsandresorts

Exciting News Alert! Hey there, #HotelAssetManagers! Have you heard? Fairmas GmbH just dropped a game-changing new blog post that's set to revolutionize the way you handle your Asset Management Reporting! In today's fast-paced hospitality industry, making informed decisions is crucial. But with the constant flood of data, are you struggling to keep your head above water? Don't worry, you're not alone! That's why we're here to ask you: How digitalized is YOUR Asset Management Reporting? Dive deep into the latest blog post here: https://loom.ly/Y6Zdyd4 #Fairmas #AssetManagement #DataDrivenInsights #HotelIndustry #Efficiency #Profitability #IHIFEMEA24