HOTEL & RESORT CONSULTING AND STRATEGIC ADVICE
Effective consulting unlocks the potentials of your property
Our hotel consulting and strategic advice focus on creating high-performing hotels and resorts that offer high-quality hospitality experiences and services, leveraging those with the unique character of your property.
One of the principal tasks of CHROME as a hotel management company involves professional consulting and strategic advice to investors or individuals interested in entering the hospitality industry, as well as helping hotels or resorts which are already operating.
Our international and experienced team of hotel consulting experts covers a wide range of areas, including supervision, development, and long-term improvement of hotel and resort performances, turning around underperforming assets with high potential, and resuscitation of non-performing assets.
Whether you’re opening a hotel or resort or looking to increase your profit and enhance your services, CHROME can be your key partner in achieving sound financial results and returns with your hotel investment.
We have a proven track record in the following areas of hotel consulting:
- Renegotiating a hotel management agreement by converting it into a franchise agreement, to the benefit of all stakeholders included
- Custom revenue management, with short-term and long-term financial planning based on a feasibility study
- Market research, positioning, and branding, including affiliation with strategic brands and partners
- Performance analysis and creating advice and recommendations with regular reviews of their implementation and achievement of agreed targets
- Renovations, refurbishments, and reconstructions
- Capital expenditure strategies & budgeting
- Repairs, maintenance, and property improvement programs
- Adhering to partner agreements, including management and franchise agreements and relationships with partners, banks, and other stakeholders
- Owner representation
- Structuring and negotiating conditions for project financing, including equity and financial institutions, due diligence analysis, planning and managing the restructuring processes
- Development of Standard Operating Procedures (SOP)
- Concept development and design
- Creating Business plans
THE BENEFITS OF AN EXTERNAL HOTEL CONSULTING COMPANY
Hiring an experienced hotel consulting company is an excellent investment to obtain the desired results for your business.
Our hospitality specialists, with their extensive experience and established local and international business connections, will be by your side each day.
We will free you from the burden of many deadlines and unnecessary workload, enabling you to take advantage of any opportunities, optimize your resources, improve revenue management, and build on your strengths.
We go the extra mile in our comprehensive frames and scope, project implementation, training procedures, and continuing support.
HOTEL CONSULTING THROUGHOUT HOTEL LIFECYCLE
If you have a property or you’re planning to invest in a property, which you want to build and develop with your team and manage it as an owner, CHROME can be your consulting partner, supporting you as the owner and your management team.
Having CHROME as a consulting company for your property ensures continuous support of your hotel & resort management team on every step of your journey towards an efficient and highly profitable business operation, depending on your hotel or resort life cycle phase.
NEW HOTELS & RESORTS
The benefits of hotel consulting for new hotels and resorts include consulting and strategic advice on design and development of a concept, project management, creating the feasibility study with market research and analysis, branding & positioning strategy, pricing, sales, and revenue management plan, organizational setup, back of the house planning, and financial planning.
EXISTING HOTELS & RESORT
Hotel consulting benefits for existing hotels and resorts include benchmarking, financial audit and business review, short-term and long-term budgeting, and strategic advice and support in finance, revenue management, sales and marketing, accounting, maintenance, HR, and other operating departments.
HOTEL & RESORT ACQUISITION
Companies looking to make a hotel or resort acquisition can benefit from the following hotel consulting services: due diligence, valuation, project planning, and transaction support.
REACH OUT TO US
We love to listen and we are eagerly waiting to talk to you regarding your project. Get in touch with us if you have any queries and we will get back to you as soon as possible.