Organization
Management Company

TFG Asset Management

TFG Asset Management The First Group Asset Management manages over 3,000 property units within Dubai and the UAE. It is led by a diversified team that combines more than 75 years of experience within the hotel, residential, serviced offices, retail management and consultancy sectors.
Timeline (12)

Asset Management Guide: Operator Search

By Mariano Faz - Head of TFG Asset Management
One aspect I have been focusing on lately is the operator search and contract negotiations. We prioritise this process to ensure that we get the best fit for each property and that we achieve the highest yield for our investors.
Opinion13 Nov 2017

The impact of the newly added VAT on the UAE hospitality sector

By Mariano Faz - Head of TFG Asset Management
Earlier this year it was announced that the GCC states would introduce a value added tax (VAT) rate of 5% to be levied anytime between 2018 and 2019. The UAE Ministry of Finance has announced that it will be implemented as early as the 1st of January 2018.
Opinion16 Oct 2017

Hotel Asset Management Guide: The Budget Process

By Mariano Faz and Yung Dang
The fourth quarter of every year is undoubtedly the busiest time of the year for all hotel stakeholders including operators, owners, and asset managers. The concerned parties will review, analyze and approve budgets for the following year.
Opinion 7 Sep 2017

Hotel Asset Management: Acquisition Process and Strategies

By Mariano Faz and Yung Dang
Whether it is the acquisition of an existing hotel property or new land, the process remains equally complex and requires extensive due diligence. The potential owner must conduct his or her own valuation and market studies to decide whether an opportunity is of interest.
Opinion 8 Aug 2017

A shift in the “all day” dining concept

By Yung Dang and Duncan Fraser-Smith
Almost every hotel management company brand has specific guidelines regarding the design of all-day dining concepts. Usually, the size of the all-day dining outlet is proportionate to the number of rooms; therefore, a hotel with a greater number of keys will have a larger all-day dining area.
Opinion25 Jul 2017

Hotel Asset Management Guide: Some Hotel Asset Management Best Practices

By Mariano Faz and Yung Dang
The role of the appointed asset manager is undeniably valuable for owners' whose properties are under the operation of a management company. The asset manager acts on behalf of the owners' interests with a core objective to optimize value and.
Opinion 7 Jun 2017

Changing the definition of luxury

By Mariano Faz and Yung Dang
How is the concept of "luxury" perceived and what hotel brands come to mind when you hear the word "luxury"? The word carries a sense of prestige and exclusivity that only selected brands can fulfill.
Opinion27 Apr 2017

Staff turnover and strategies to combat

By Mariano Faz and Yung Dang
We recently launched a research study "The impacts of staff turnover on a hotel's Income Statement" which revealed that a 30% voluntary staff turnover rate could cause a potential loss of AED 8 million on the top-line and AED 6 million on the bottom-line.
Opinion20 Mar 2017

TFG Asset Management reveals industry first insight into recruitment challenges facing Dubai hoteliers

In an industry first, hotel asset management specialist TFG Asset Management has revealed the financial impact of high staff turnover on Dubai's booming hotel industry.
Press Release 6 Mar 2017

The Impact of Staff Turnover on a Hotel’s Income Statement

In this white paper, TFG Asset Management in collaboration with the Emirates Academy of Hospitality Management analyse the hospitality labour market in Dubai and identifies the main challenges facing operators in retaining elite staff.
White Paper27 Feb 2017
Authors

Yung Dang

Assistant Asset Manager

Mariano Faz

Head of TFG Asset Management

Duncan Fraser-Smith

Global Director of Food & Beverage at TFG Asset Management
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