InnVest Hotels LP

Organization

Jul 8, 2013

 

Westmont has built up a number of significant support teams in various geographical areas, allowing the organization to specifically tailor its services to the opportunity that presents itself. These may include:

 

Operations

Responsibility for overseeing the day-to-day management of the hotels including all aspects of financial accounting, sales and marketing, IT and human resource management. Wherever a group of hotels can be clustered, regional managers are responsible for the running of a group of assets in order to benefit from economies of scale.

 

Development

Westmont has dedicated Development personnel providing expertise in:

• Sourcing deals
• Underwriting
• Due diligence
• Market intelligence/monitoring public markets

 

Asset Management

The company has been one of the leaders in providing exhaustive asset management functions which include:

• Reviewing hotel performance including sales & marketing, cost management, staffing levels and providing budgets and business plans.
• Maintaining franchise partner relationships
• Establishing capex needs and investment analysis of capital projects
• Providing project management when necessary
• Identifying value-enhancing opportunities including efficient reallocation of space
• Management of fixed charges including insurance and property taxes

 

Finance

Westmont's approach to providing an investor with a "complete" service extends to the following:

 

Tax Financing
• Structuring advice and setup
• Reporting
• Compliance
• Development of financing strategies
• Maintaining bank relationships
• Providing advice on bank terms and documentation
• Lender reporting
   
Accounting/Reporting Transactions
• Reporting on bank covenants
• Providing management, investor and statutory
  reports
• Consolidation reports
• Accounting compliance
• Overseeing audit and year-end processes
• Acquisition/disposition strategy development
• Process management including due diligence
• SPA management
• Post-acquisition transitional services

 


Source: http://www.whg.com/organization.php

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