Hotel Property Management | Asset Management | Hotel Marketing | Texas

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Our Services

Property & Asset Management

Growth Properties implements and carefully monitors meaningful cost controls for our hospitality clients. Payroll is analyzed, energy costs are continually reevaluated, preventive maintenance programs are established, and an extensive standard operating procedure’s manual is utilized. Formal regular operations reviews Property cleanliness and safety measures Staff service audits and training Energy cost controls Formal operations manuals Successful new construction of franchised hotels. Consulting Successfully completed several franchise conversions Receivership responsibilities
Sales and Marketing
Skillful positioning is the key to enjoying an enhanced sales effort in the hotel and hospitality industry. Growth Properties implements a strategic plan to show measurable growth of new and repeat business and public awareness. Employees at all levels are motivated to assist in the marketing efforts and are trained to realize that they are part of the property’s sales team. Proven sales & marketing plans Rate and yield management Thorough competitive analysis Procedures to track sales force productivity and profitability Tools to prospect for new business Website and internet marketing Brand Management Sales reporting and analysis
Facilities Management
Growth Properties will train maintenance personnel to maintain equipment, furnishings, building and grounds reducing non-budgeted expenditures or unexpected repairs. The maintenance teams are directly involved in competitive bidding and the capital planning process. In-room and public area preventive maintenance programs On-going staff training and development Structured safety & security programs Project and capital improvement plan management
Accounting & Financial
Growth Properties can provide centralized accounting services for our clients, resulting in lower administrative costs on while achieving better financial controls the property. Accurate and timely reporting of financial information Closely monitor daily accounting reports Supervise payroll processing Information technology management Prepare monthly bank reconciliations File sales and use tax returns Accounts payable and or management Receivables management Vendor management
Human Resources
Keeping this department "human", our hands-on approach enhances profitability and makes the most of the workforce. Growth Properties provides pervasive human resources management services such as: Policy development, implementation and enforcement Competitive benefits package development, purchasing and administration Personnel law compliance administration (i.e. ADA, OSHA, COBRA) Unemployment cost control Over 900 employees managed with 3 labor union contracts Labor and employee relations Risk management Property & liability insurance administration Training & staff development
Recruitment
Growth Properties takes pride in its ability to recruit and retain the most competent managers for any property by completing initial candidate identification and screenings. Formalized internship programs with local colleges and universities Attendance at university and trade school job fairs Comprehensive interview summaries on all candidates Inter-property train-to-transfer program Consistent recruitment of management personnel
Food & Beverage
Based on the individual needs of our clients we can address specific areas on a consulting basis or develop a strategic plan to operate a new or existing operation. We identify problem areas and use all resources available to resolve them while improving productivity and profitability. Our dedicated team of both front and back of the house professionals are committed to the success of each and every operation. Menu development and design Marketing and promotion plans Food liquor and labor cost controls and analysis Sanitation evaluations and training Concept development and implementation Opening and operation of franchised restaurants

Hotel Evaluations
Growth Properties will conduct a thorough evaluation of the hotel and produce a comprehensive report to the lender or servicer to include the following: A general overview of the physical plant to include photographs of the entire exterior and interior of the hotel. Cash handling and cash control HR and staffing evaluations Tax payment overview A/R and A/P review Hotel operations and sales department Emergency and life safety review Franchise status and relationship
Hotel Receiver
Growth Properties has the experience of being a court appointed receiver and has assisted lenders with the entire process from pre-foreclosure to asset disposition. Our Receivership responsibilities are at No Cost and include the following: Takeover-Growth Properties will be available for takeover prior to the court appointment and is prepared with a team of individuals whose responsibility is to secure the asset at takeover. Accounting & Financial- Growth Properties will quickly secure the financial situation at the hotel and transition all Accounting and Financial responsibilities to the Growth Properties corporate offices. We will work with the outline and details in the court order for financial reporting, etc. Staffing- We have task force personnel that will stay at the hotel until the staffing situation is stabilized and staffing challenges have been restored. Operations and Sales- We will manage the ongoing operations and sales functions. Capital Improvements - We will evaluate what immediate capital improvements need to be made and work with the lender on critical and non critical items. We will oversee all capital improvements made to the hotel. Disposition - We will interview, engage and supervise a hotel broker in the disposition of the hotel while keeping the lenders interests in view.

1329 Bristol Pike, Suite 182, Bensalem, PA. 19020. Phone - 215-546-5980

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