About Southwest Hotel Management, Hankamer and Associates – Hotel Consulting, Commercial and Investment Land For Sale

Southwest Hotel Management & Hankamer and Associates Hotel Brokers has over 30 years' experience in marketing, developing and operating quality full service and limited service hotels. As Hotel Brokers, we bring our experience as Hotel Owners to the clients that we present, enabling them to maximize the value of their asset upon sale. Our experience, contacts within the industry and operational savvy set us apart from other brokerage houses which do not have this expertise to draw from.As a listing broker, SWHotel & Associates assimilates market and operational data to develop a full color package of a hotel property for presentation to pre-identified buyers from our database. SHM is a company which offers a full range of management services to the new or to the existing hotel owner. Our staff of professionals has broad experience in every aspect of new hotel development, acquisition, financing, operations, and disposition. To the prospective hotel owner, our company can assist in every phase of development, from product conceptualization to site selection, architectural planning, interior design, construction management, purchasing, staffing, and pre-opening marketing. For the existing hotel owner, our staff of specialists will develop and implement a businesss plan consisting of budgets, marketing objectives, cost controls, standardized purchasing, employee training, life safety issues, insurance claim control, and preventative maintenance procedures. Being hotel owners ourselves, we appreciate the importance of timely and accurate information as a means of protecting our investments. Our computerized accounting and data processing systems generate industry standard financial statements as well as productivity reports and comparative performance analyses. Our internally developed software provides budgeting and forecasting tools which allow our general managers to live within their committed business plans, and to follow his/her operating results on a day-to-day basis

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Get the best practices for running a hotel like a pro

Are you thinking of opening your own hotel? Following these simple tips will help you run the hotel like a pro!

Understand the basics of running a hotel.

A hotel is a business that relies on the flow of people and money. It is important to understand the basics of running a hotel before starting it so you can stay afloat and make money.

When someone thinks of a hotel, they usually think of a place where people can go for vacation or for business meetings. Hotels come in all shapes and sizes, from luxury resorts to small inns. There are even backpacker hostels and camping grounds that are classified as hotels.

The purpose of a hotel is to provide a place where people can relax, recuperate, or meet with others. Hotels offer guests a variety of services, such as food and drink, clean rooms, and 24-hour front desk service.

Some Basics of Running a Hotel:

1. It is important to understand what a hotel is and what it is used for.

2. Understanding the different parts of a hotel can help you run the business more efficiently.

3. It is also important to understand the different types of hotels so you can cater to your guests’ needs.

4. Finally, it is important to know how to make money from your hotel.

Set up systems for running a hotel.

Setting up systems for running a hotel can help you stay organized and consistent. By having systems in place, you will be able to track your progress and make better decisions. Systems can also help you manage your finances and stay ahead of the competition.

When setting up systems for running a hotel, it is important to think about the different aspects of running a hotel. For example, systems for running a hotel might include:

Operations

Finance

Human Resources

Communications

Purchasing

Inventory

Quality Control

There are many different systems that can help run a hotel successfully. The most important thing is to find the right system that works best for your individual hotel. Each system has its own benefits and drawbacks. It is important to choose the right system for your specific needs.

It is also important to keep in mind that not all systems are necessary for every hotel. Some hotels may not need systems for purchasing, inventory, or quality control. It is important to tailor each system to fit the specific needs of your hotel.

Overall, setting up systems for running a hotel can be very helpful in managing your business. By having a system in place, you will be able to improve your efficiency and stay focused on the important tasks at hand.

Manage finances for a hotel.

When managing finances for a hotel, it is important to keep track of multiple factors. One of the most important factors to track is expenses. This includes everything from utility bills to advertising costs. By keeping track of these expenses, you can ensure that your hotel is operating efficiently and as cost-effectively as possible.

Another important aspect of managing finances for a hotel is budgeting. By budgeting, you can ensure that you are not spending more than you have available. This can help you stay ahead of the competition, and keep your hotel running at a profit.

Regularly reviewing your financial data can help you identify any areas where you may need to make adjustments in your budget. By doing this, you can ensure that your hotel stays profitable and continues to grow in size and scope.

Stay ahead of the competition.

Different hotels face different challenges when it comes to staying ahead of the competition. Some hotels may find it helpful to utilize marketing tricks to set them apart from the rest. Others may need to keep up with changing industry trends. Still, others may just need to stay up to date on the latest hotel trends. Whatever the case may be, staying ahead of the competition is essential for any hotel.

If you want to run a successful hotel, you need to understand the basics of running a hotel. Set up systems to ensure a smooth operation, manage finances carefully, and stay ahead of competition.

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