The PB Global team brings decades of combined hands-on experience in all facets of the hospitality industry.
PB Global approaches asset management with a strong focus on several primary objectives.
- Owner’s Representation (e.g., increased asset value, maximum cash flow, capex planning, exit strategy)
- Owner’s Global Liaison ( pride of ownership)
- Financial Review (e.g., internal control, risk management, life safety, etc.)
We achieve these objectives through a series of steps defined below: Project Assessment, Goal Setting, Oversight, Continuous Monitoring and Improvement, and Foresight.
We draw a roadmap by which owner investment objectives are defined. This strategic vision is included in every aspect of our management style to ensure that all decisions made with respect to an asset or portfolio serve to achieve the owner’s objectives.
CONTINUOUS ASSESSMENT OF OPERATIONS
We always strive for improvement that is fundamental to how we approach and it carries over into our asset management approach. PB Global is constantly looking for opportunities to define, refine and fine-tune performance at our asset managed properties.
With significant expertise and experience in every aspect of the hotel business, PB Global is fully capable of assessing problems that arise and implementing the owner approved capital plan to maintain the property and stay competitive.
WHY HOTEL ASSET MANAGEMENT?
Owners and Developers may ask why they need an asset manager for oversight if they have an approved management company operating the hotel. Simply stated, owners need experienced hotel consultants to hold accountable not only the third party operators but also to ensure that the brand is delivering on its promise under the long term franchise agreement. We become your eyes and ears and review the hotel performance; in some cases, daily, weekly, and monthly and provide you the feedback you need to stay informed.