GROW THE HOA REVENUE, AND GET THINGS DONE FASTER
Leisure Hotels has a strong commitment to Homeowners’ (apostrophe is not consistent here with title at top of page) Association Management dating back more than a decade. Communication and hands on management are the keys to our success. We work in collaboration with the homeowners and board members to ensure all aspects of your Association run smoothly. From ensuring HOA’s are financially sound and making appropriate decisions for overall asset values to managing daily expenses, contracts, and planning for the future, Leisure Hotels brings sound and unwavering direction to your Association.
We use detailed accounting systems to document all expenditures made for each association. It is imperative that financial reporting is accurate and easy to understand. Sound fiscal and budgetary principles are used for assessment collections, disbursement of funds, and collection of delinquencies. We provide monthly financial statements and all tax and audit preparation is handled by a Certified Public Accountant.
Our staff perform quarterly inspections of owners’ property and common interest property to ensure that safety, functionality, and overall appearance meet or exceed the expectations of the owners. Owners’ reports are provided to keep you informed of the condition of your valuable asset and written action plans are provided, should an issue need to be addressed.
With our diverse portfolio, we have developed a proven track record managing not only Hotels & Resorts, but also their wide ranging on-site and off-site amenities. Talk to us today about our experience managing the following:
1. Ski Mountains (Maintenance & Operations)
2. Golf Courses
3. Entertainment Complexes (Booking, Operations & Maintenance)
4. Water Parks
5. Bike & ATV Trails
6. Ice rinks (Indoor & Outdoor)
7. Pools & Aquatic Centers
8. Arcades & Bowling Alleys
Our management team can assist you with interpreting, navigating, and implementing the complex governance documents for your homeowners’ association.
We assist in developing long-range plans for major maintenance and capital improvements, which require both financial and logistical planning. We work closely with the Board of Directors as well as gain feedback from homeowners in assessing maintenance and capital needs.
Leisure Hotels and Resorts understands the technical and legal processes that are involved when it comes to receiving and managing a distressed property for a lender through foreclosure, bankruptcy, and negotiated settlements. We have extensive experience in independent and branded hotel, resort, and condo association receivership. Since the late 1980’s, Leisure managed a whole host distressed hotel assets for local, regional and national lending institutions-as well for the Resolution Trust Corporation (RTC). We stabilize troubled assets, operate them in an efficient cost-effective manner while providing the lender with a plan to execute a sale in a realistic timeline that minimizes the financial loss.
In addition, our nationally ranked hospitality brokerage division can also provide assistance during this transition phase. All of these services allow us to offer a one-stop shop during this crucial receivership / transition phase of the hotel asset.
Within 24 hours of a court ordered receivership appointment, Leisure Hotels will take over the asset and sound management procedures will be implemented.
At Leisure, we embrace our food and beverage operations, unlike most other management companies who outsource them. We are a resource for our ownership groups for creating, building and managing signature restaurant and event spaces within our hotels and resorts. Our development expertise includes site identification, concept creation, design, menu development, staff recruitment, marketing, and daily management. We have a results-based approach that focuses on optimizing profitability through revenue generation and cost controls-while focusing on staff development, operations, and guest satisfaction
Receivership Onboarding Process
• Secure all assets including bank accounts, cash, and all real and personal property.
• Follow proper human resource procedures for all employees
• Take care of all life/safety issues
• Ensure all local, state, and federal laws are followed
• Observe all franchise policies and procedures
• Execute all required reporting under court order
• Make all necessary court appearances
• Manage asset in the most cost effective manor
• Property walk through and assessment
• Approved Court “RECEIVER” for full-service and limited-service hotels
• Advisory services for pending legal actions/foreclosures/partnership conflicts
• MOLD and ASBESTOS evaluation and remediation supervision
• Financial and management reporting to lenders/ courts/borrowers
• Chapter 11 administration – Debtor-in-Possession
• Experience in securing all City/County/State licenses
• Lease/contractor/vendor negotiations
• Franchise requirement adherence
Expertise with all brand families including IHG, Marriott, Hilton, Best Western, Choice Hotels, Wyndham, and Starwood
Negotiations of interim and long-term franchise agreements, relicensing, and renovation of hotels in “Default”
Construction supervision/purchasing for renovation to PIP standards
Negotiations of lender licenses, license renewals, change of ownership licenses
Market development planning and analysis of multi-unit franchise brands
Repositioning or brand selection for distressed assets Negotiating and analyzing Product Improvement Plan (PIP) development Full capability to project manage/complete a partially complete or stalled construction for a hotel
Full hotel renovation and re-positioning expertise
Market analysis, site selection, facility design and planning services
Trustee appointments will be executed with the same level of integrity and accountability as our receivership appointments.