|
BGI services include Advisory, Consulting and Contract Services. Below are brief descriptions of our services. Contact us for more information. BGI is guided by executives with extensive hospitality industry experience and accomplishment. We offer our partners an effective investment approach that identifies undervalued hotel assets from a perspective beyond market conditions. We have participated in over $1 billion in principal-oriented hotel acquisitions. We have managed through numerous economic cycles and are well equipped to navigate the challenges and identify the opportunities that exist today. Our investment approach targets quality assets located in major markets and/or prime locations at substantial discounts to replacement cost for acquisition or partnership investment capital with asset management control. We are uniquely qualified in identifying quality assets with hidden value opportunities. We are experienced leaders and a valuable resource to property managers. Our investment criteria must identify the hidden or unrealized value opportunities that exist in these assets during due diligence. Our focus is on the performance of management, market penetration, physical condition of the facility and IT infrastructure. Effective asset management begins with the development of a strategic plan built to identify high-value opportunities, address critical challenges and transform the business model, always with the goal of superior value creation. The level of success of any plan depends upon a comprehensive understanding its goals, objectives and coordination of implementation. Our approach is focused on management and market performance. We are effective by creating a platform from a fundamental business approach that will create an environment of accomplishment. As an example, an organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. The hotels that consistently outperform the marketplace practice the same fundamental approach. Effective market penetration and growth is the result of a strategic plan that basically reinvents itself everyday to ensure effectiveness and, to the philosophical extent that growth comes from knowledge, knowledge comes from learning market insight, and market insight comes from the guests. We utilize our comprehensive knowledge of this industry and our decades of experience to challenge and motivate management teams ourselves to do just that. Our work could include repositioning, re-branding, real estate carve-outs or the enhancement of an existing operating model by creating new operational efficiency, market penetration and smart capital investment. Our fundamental approach to hotel asset management is supported by the following components for developing an effective strategy:
The scope of our asset management service would include the following:
Hotels are a people-managed business with many layers designed to operate as a whole. The health of the management function in an operating hotel is the core component in realizing maximum asset value. The level to which management is effective is determined by the abilities of the individuals that perform in this capacity. We have realized much success in our ability to lead successful teams to achieve goals and objectives. We stabilize a business, motivate growth through our strong leadership skills and create opportunity. We establish our presence by demonstrating our comprehensive understanding of the operating model, our personal skill and the sound judgment we have built from our extensive experience. Our strategy to be most effective during this period is to first stabilize (if destabilized) the operating environment, as these assets are quite susceptible to performance volatility on both the up and down side. Combine our operational insight and market foresight, problem-solving skills and execution abilities to indentify hidden and unrealized value enhancement opportunities contained within the asset. Our foundation and singular goal as managers is building a stronger business from an operating perspective and market penetration. We apply this perspective in those areas in which management can have the greatest impact in improving performance and long-term growth: Examples of our interim management initiatives could include:
Project Management/Hotel Development/Technical Services BGI Hospitality Advisors has managed the new development planning and construction of over $2 billion in hotel real estate as both stand alone and mixed-use developments. We participate as an ownership representative. The following is some examples of the development process:
|
