Organization
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