If you are ready to purchase a hotel that needs some work, but you think it can be a very valuable piece of property, there are some professionals you want to consult with. You want to get your business up and running, and you want to make sure that you don't waste any money. Having the building in top condition, using your resources and marketing the hotel property, and having the proper staff is important. Here are some of the things that you'll want to do as you start your journey as an owner of the property.
Energy and Efficiency Audit Expert
Have an energy efficiency and energy monitor come in to assess the property, so you can avoid high utility bills right away. The expert will do an audit to see where energy is being wasted with different appliances throughout the building, and they'll be able to create a list of items that need to be updated or changed. Doing these things, and getting an expert assessment, can help you reduce operating costs a great deal.
Hotel Asset Management Professional
A hotel asset manager from a company like InnFocus Hospitality Solutions, LLC will help with many aspects of the business, including arranging large bookings, helping to improve the property, and maintaining the value of the property. You want to find an established hotel asset management team to help you get the hotel up and running, and to help you with establishing and improving the business.
Staffing Assistance Teams
You should be able to find a staffing company or team that can help you fill the positions that are needed throughout your hotel. You will need people to work the front desk, clean the rooms and more. You will put a list together of the employees that will be needed, and then the staffing company or professional you use will help to fill all the spots.
Hotels are not only are a great business option, but they can smart investment because you have the property the hotel is on, along with all of the valuables and items inside the property. Getting everything approved by the city when you are ready to open the doors and being prepared to accept guests in the space can be a process, but the above-listed professionals will help to make the process a lot easier. Find out who you need help from, who you need to hire, and what you can do to start making money.