Services
Hospitality ASSET DEVELOPMENT Advisory
Hospitality Asset Development Advisory services can include a wide range of services that help clients to identify and capitalize on opportunities in the hospitality industry. Some examples of services that a hospitality asset development advisor may provide include:
• Asset management
• Owner representation
• Hotel management
• Branding and design
• Engineering
• Specialty consulting
• Finance
• Procurement and operation
• Asset management
• Owner representation
• Hotel management
• Branding and design
• Engineering
• Specialty consulting
• Finance
• Procurement and operation
Strategy. Planning. Execution.
Hospitality and Asset Management Strategy, Planning, and Execution services involve the development and implementation of a comprehensive plan to optimize the performance of a hospitality property or asset portfolio.
Asset Management
We provide asset management services for local and international clients. The team is comprised of seasoned hospitality professionals from internationally renowned brands and works alongside property leadership to drive results. With a primary focus on financial analysis, cash flow management, revenue management strategies, marketing initiatives, and general operational support, we ensure that assets continue to perform at their maximum output
Full Project Development Services
From initial land acquisition to final delivery of the completed project.
Assign and manage consultants, architects and designers.
Align the project within the owner\developer vision.
Ensure that the development of the project remains within the limits of the developed area schedule that covers: Total number of rooms and mix (rooms and various types of suites)
Restaurants Requirements. Guest facilities.
Services include but not limited to:
Attend workshops and meetings to ensure that the design fulfills international brand standards required by major international hotel operators.
Operation circulation requirements are met.
Ensure that the project is completed within budget.
Finance.
Procurement.
Owner Representation
As Owner representative, First Nova International Hospitality offers comprehensive services that capture the very best interest of Owners, by securing goals and targets as per the guidelines of the Hotel Management Agreement with operators.
Services :
Owner Representation Pre Opening
Owner Representation After Opening
Services :
Owner Representation Pre Opening
Owner Representation After Opening
Owner Representation (Pre-Opening)
Review pre-opening budgets and monitor spending throughout the process till the opening date.
Review, amend, approve and monitor the marketing planned budget.
Review, amend, approve and monitor, hiring process, manning budget, salary scales and benefits.
Review, amend, approve and monitor the operating supplies budget and
procurement.
Review, amend and approve the first year budget.
Brand Introduction
A very important step towards the future success of a hotel operation is the right selection of a brand that fits and ensures that the proper terms and conditions are in the best interest of the owner. A thorough screening is performed to evaluate the most suitable operator for the proposed hotel based on:
⊛ The strength of the brand performance & positioning
⊛ Regional experience
⊛ Reservation system and contribution
⊛ Fee structure and commercial term
Hospitality experience is a key element during the negotiation phase to secure:
⊛ Understanding of the selected brand
⊛ Management structure
⊛ Digital marketing
⊛ Sustainability development
⊛ Legal.
⊛ The strength of the brand performance & positioning
⊛ Regional experience
⊛ Reservation system and contribution
⊛ Fee structure and commercial term
Hospitality experience is a key element during the negotiation phase to secure:
⊛ Understanding of the selected brand
⊛ Management structure
⊛ Digital marketing
⊛ Sustainability development
⊛ Legal.
Other Services
We Provide Best Possible Solutions To Give Your Business A Competitive Edge
Our Hospitality and Asset Management Services are designed to provide our clients with the best possible solutions to give their businesses a competitive edge. Our senior hospitality consultant team with over 25 years of experience globally, offers a wide range of services that can be tailored to meet the specific needs of our clients.
- First Nova International’s expert advisors guide hotel owners on portfolio strategies and associated business plans.
- By analysing competitor performance, researching the market, and scrutinizing operational performance, they develop strategic options suitable for your business.
- At the asset and portfolio level, our experts supervise, track, and review strategic plans and recommend the ideal capital structures.
- Along with spearheading your strategic vision across all fronts of the business, we review asset-level organizational and corporate structures, governance frameworks, and operating models.
- If you’re looking for advice on asset or portfolio exit strategies for joint ventures, asset disposals, and fund structure, our experts have a proven track record of providing the most profitable exit strategies for our clients.
- With our extensive relationship with a plethora of lenders, we also provide debt financing advisory services for your capital requirements.
- The marketing specialists at First Nova International provide expert information and advice on marketing, negotiating deals, and providing support for Sales and Purchase Agreements (SPAs).
- Our expertise in marketing hotel properties has helped us develop a whole gamut of proven selling strategies for helping our clients market their assets at the best prices.
- With us, you can be sure to get the best recommendations regarding the identification of the target market, preparing potential buyer profiles, and support and supervision of the production of compelling marketing materials for your asset.
- Along with identifying relevant Mergers and Acquisitions (M&A) deal teams, we devise effective selling or disposal strategies by evaluating the asset’s strengths, weaknesses, and other related aspects so that our clients can make informed decisions on whether to sell or hold the property.
- If your company plans to expand its business through the Merger & Acquisition (M&A) process, there is a lot of integration and consolidation that needs to be done at various stages from inception until the final merger. Our specialists have years of hands-on experience facilitating this process and will guide you at each stage of the transaction.
- A complete integration involves a multitude of processes, including risk assessment of the target asset’s operational and management structures, structuring of the deal, and post-acquisition integration
- Our specialists assist you with thorough auditing of all the relevant data so that our clients can get as much data as possible about the financial benefits and risks associated with the acquisition.
- We monitor and ensure everything including the hotel management agreements, licenses, leases, and loan facilities comply with local governmental norms and statutory regulations.
- Our M&A integration services also include representing our clients in front of the operational teams of the acquired property and their headquarters, providing performance reporting for the property’s operational, strategic, and financial performance, and recommending any corrective actions directed at tweaking team performance.
- Selecting, negotiating, and contracting the right hotel operator requires an extensive amount of expertise and understanding of the international best practices. With our experience in negotiating hotel management agreements with hotel operators across the globe, we ensure that our clients’ expectations are met when it comes to entering into an agreement with operators.
- Our selection procedure to find the most suitable hotel operator is a tried-and-tested formula to make sure that through legal and commercial negotiations, the asset value and owner protection is enhanced.
- To assist you with the legal negotiations of various agreements, including but not limited to Lease Contracts, Hotel Management Agreements, Royalty Agreements, Franchise & License Agreements, Subordination & Non-Disturbance Agreements, Centralized Services Agreements, and Technical Services Agreements, we arrange a panel of qualified attorneys who have previously worked with us and ensured well-negotiated agreements for our clients.
- From our vast experience, we identify and manage our clients’ risks by aligning the process of operator selections with the development gateway process.
- We provide advice on how to flawlessly integrate, conceive, and properly execute merger & acquisition so that it can deliver the best value for the asset.
- Our specialist team assesses and advises on the acquisition strategies taking into consideration the investment size of the clients as well as their requirements regarding returns and risks, i.e. asset and development targets. They also administer guidelines and recommendations for structuring the acquisition vehicle for a hassle-free transfer of business ownership.
- Our specialists can assist clients in other relevant acquisition process requirements, including the identification of acquisition targets, devising & review of necessary investment memorandums & financial models, negotiating and drafting of detailed transactional documents, identification of debt sources & development/equity partners, and preparation of due diligence reports for third-party service providers, deal teams as well as process teams.