Global Asset Solutions
GLOBAL ASSET SOLUTIONS is the leading Hotel Asset Management Company serving Europe, Middle East and Asia Pacific. The Asset Management and Advisory division provides a comprehensive range of hotel.Organization
GLOBAL ASSET SOLUTIONS is the leading Hotel Asset Management Company serving Europe, Middle East and Asia Pacific. The Asset Management and Advisory division provides a comprehensive range of hotel.
Timeline (32)
How To Create A Forecast Plan For Hotel Businesses In Unknown Times
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
With the advent of the 'new normal', hotel owners and operators must begin considering the various financial and operational scenarios in their forecasts extending into 2021. Accurate forecasting is notoriously tricky, even in "business as usual" times.
In Step: Owners and Operators moving forward, together (or not)
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
There is no magic wand or a specific solution that fits all situations today. Regardless of the type of contractual relationship the parties should be communicating on a regular basis and working together to find the solutions that work for both parties if their relationship is to stand the test of time.
How Hotel Asset Managers Can Create/Add Value To PE Funds During A Pandemic
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
The damage inflicted by COVID-19 cannot be underestimated, it is imperative that hotel owners, including Private Equity (PE) funds stay vigilant and have aligned interests with all concerned parties. What better way than to engage the likes of a Hotel Asset Manager (HAM) who is an extension of the PE fund with relevant industry know-how and expertise.
Forecasting In A Time Of Unknowns
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
With the advent of the 'new normal', hotel owners and operators must begin considering the various financial and operational scenarios in their forecasts extending into 2021. Accurate forecasting is notoriously tricky, even in "business as usual" scenarios.
How To Calculate And Monitor Your Break-Even Point
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
As hotels begin to re-open, it is crucial that they're mindful of their Break-Even Point (BEP) to understand their cost levels and to determine what RevPAR level is necessary to re-open. COVID-19 presented many challenges for hotels who are currently striving to merely break-even instead of maximizing profit as usual.
Hotel Operators: Various Approaches To Security And Cleaning Protocols
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
Globally, hospitality companies industries are hopping on the cleaning, safety and security certification bandwagon. The Coronavirus is forcing professionals to embrace changes, even if they are not how we pictured our industry to be.
Hotel Rate Trends Summer 2020: London & Paris
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
Global Asset Solutions and Origin World Labs present a study for hoteliers, revenue managers and owners with key market trends by region for Summer 2020. As hotels begin to re-open, revenue managers need to decide their pricing and rate strategy.
Re-Negotiating Your Management Agreement: The Owner’s Perspective
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
COVID-19 introduced the hotel industry to a lot of uncertainties for the future. It also revealed several weak spots and high-risk areas within hotel management agreements (HMA's). As these weaknesses become more evident, it is important to decide which points to focus on, how they can be adapted moving forward, and how each party can make the necessary adjustments to help each other out.
22 Best Practices For Your Wellness And Spa Department During And Post-COVID-19
By Alex Sogno - CEO - Senior Hotel Asset Manager at Global Asset Solutions
Sooner or later, COVID-19 will be a thing of the past. However, as the crisis will pass, many things will have changed. New ways of working, new consumption patterns, a new way of interacting with people, and most certainly, cleanliness standards as new ways of measuring the attractiveness of hotels will become the norm.
Independent Hotel Owners Should Look At Integrating Their Assets Into A Portfolio
By Gustav Bjoern - Senior Hotel Investment Banker at Global Asset Solutions
Stronger together! Merge to survive… and thrive! For hotel owners and investors, access to friendly capital, shared resources and additional capital appreciation provided by entering assets into a partnership - that famous "portfolio effect", can these days be what stands between survival and losing control.
Authors
(4)
Gustav Bjoern
Senior Hotel Investment Banker at Global Asset Solutions
Paloma Guerra
Hospitality professional with broad Banking experience
Fred Novella
Managing Director Hotel Asset Management for Global Asset Solutions
Alex Sogno
CEO - Senior Hotel Asset Manager at Global Asset Solutions
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