Asset Management
Our periodic operational review meetings include an analysis of all marketing programs including review of sales and food & beverage pace reports, financial performance and benchmarking, capital expenditures, market dynamics including demand and supply generators and staffing issues. As a proactive asset management team, we focus on best practices within the industry to maximize cash flow and enhance the asset value. Examples may include leasing out the food and beverage outlets to a third party company, complexing positions with a sister hotel and restructuring debt to reflect market conditions.

Advisory and Consulting
CHIC employees use their depth of experience to assist developers in the planning stages of their projects. Some of the services may include the brand and management selection process and negotiating of the respective contracts. In addition, we are qualified to develop a pre-opening budget which includes identifying and interviewing the executive team members and ensuring appropriate supplies are ordered. CHIC has over 35 years of experience in planning renovation projects, developing ROI matrixes and hiring all of the team participants including general contractor, architect, project manager and purchasing agent.

Acquisition and Disposition Due Diligence
Having acquired and disposed of numerous hotel investment properties throughout their careers, CHIC professionals have extensive experience to draw from as hotel owners and consultant. They are thoroughly familiar with the underwriting and due diligence process associated with the potential acquisition of complicated hotels and resort-related investments. Critical asset management decisions that influence long-term investment management and ultimately the potential returns are made prior to the purchase decisions. CHIC professionals encourage potential hotel and resort investors to involve asset managers at the commencement of any due diligence process. We are qualified to also handle the disposition process for clients where the scope includes the interview and selection process of the investment broker, and work collaboratively with attorneys and buyers on pro-rations and post closing issues.

Debt Restructuring and Lender Services
CHIC assists lenders and owners in special asset monitoring, workout and foreclosure of hotel properties. The CHIC team has significant experience in the last three recessions and has restructured numerous loans. Whether it is reviewing budgets, forecasting monthly cash flows/shortfalls, conducting operational reviews (to identify revenue enhancement and cost containment opportunities), foreclosure due diligence, or ongoing asset management, our diversified backgrounds of commercial real estate lending, real estate workouts, appraisal, finance, and hotel operations enable us to collectively consider challenges and opportunities from numerous prospectives, and consequently recommend optimum solutions.