Asset Management
Savvy Asset Managers Share Their Secrets
Jul 20, 2010 |
When Paramount Lodging Advisors reviewed the financial performance of 140 Chicago-area hotels in the first quarter, the real estate services firm discovered a surprising trend. At more than half the hotels it reviewed, owners hadn’t contested their property taxes over the past three years despite a sharp drop in appraised values industry wide.
Such passiveness among owners amid a deep hotel slump came as a shock to Sanjeev Misra, senior managing director of Chicago-based Paramount Lodging Advisors. “Simple things have to be done,” Misra said emphatically at last week’s panel discussion on the art of asset management during the third annual Midwest Lodging Investors Summit in Chicago...
Read full article published by:
National Real Estate Investor (NREI) on July 19, 2010
Lodging Hospitality on July 20, 2010
5 secrets from asset managers
Jul 15, 2010 |
By Patrick Mayock, HNN Associate News Editor
CHICAGO — Can you keep a secret? Asset managers sure can’t—especially when discussing their time-tested tactics for surviving the downturn and preparing for recovery.
That proved a good thing for attendees of a breakout session at the Midwest Lodging Investors Summit this week. During the presentation, titled “Asset Managers Share Their Secrets,” a panel of seasoned asset managers disclosed the following pieces of advice for maximizing the value of a hotel.
1. Plan for various outcomes
2. Communicate objectives
3. Approach problems as a team
4. Maintain efficiency
5. Get smart about your market
Read full article published by:
Hotel News Now (HNN) on July 15, 2010
CHICAGO — Can you keep a secret? Asset managers sure can’t—especially when discussing their time-tested tactics for surviving the downturn and preparing for recovery.
That proved a good thing for attendees of a breakout session at the Midwest Lodging Investors Summit this week. During the presentation, titled “Asset Managers Share Their Secrets,” a panel of seasoned asset managers disclosed the following pieces of advice for maximizing the value of a hotel.
1. Plan for various outcomes
2. Communicate objectives
3. Approach problems as a team
4. Maintain efficiency
5. Get smart about your market
Read full article published by:
Hotel News Now (HNN) on July 15, 2010