Frequently Asked Questions

Professional management gives you the flexibility to pursue other interests while still benefitting from the profitability of your hotel operation.  It also allows your hotel to benefit from the scale of operations a professional management company can bring. 

No and you should beware of management companies that force this on you.  While it’s true that it takes time to establish operating controls and a strong presence in the market, you should be able to tell rather quickly if your management company is being effective.  At Nexus we believe we need to earn your trust, and we write our contracts accordingly.  If we do a good job, you’ll keep us. If we don’t then you need the freedom to make a change. 

It should cost you “nothing”.  If it’s doing a good job, a management company should be able to earn its fee with increased revenues and/or improved expense management.  At Nexus we always put part of our fee at risk.  If you aren’t making money, we shouldn’t either. 

It’s your hotel.  We want you to have a say in anything that we do.  We report to you on a regular basis, and we will always be available to you if you have suggestions or concerns. 

Revenue Management involves using data analysis and market research to maximize a hotel's profitability by predicting consumer behavior and optimizing product availability and pricing. This strategy helps you achieve higher room occupancy rates and increase revenue, ensuring your hotel’s financial success.

Implementing labor controls helps in optimizing staff schedules, reducing labor costs, and improving overall productivity. By analyzing labor trends and adjusting staff levels according to peak and off-peak times, your hotel can maintain high service standards while minimizing unnecessary expenses.

Renovation supervision ensures that hotel upgrades align with market expectations and brand standards, increasing the property's marketability and value. Effective supervision helps mitigate risks, control costs, and ensure timely project completion, which is crucial for successful hotel repositioning.

Cost controls are essential for maintaining profitability by managing and reducing expenses without compromising service quality. By monitoring and controlling operational costs, such as utilities, supplies, and labor, you can ensure financial health and allocate resources more effectively.

These agreements define the terms of management or ownership, affecting a hotel's operational strategies and financial planning. They provide flexibility in asset management, allowing you to adapt to market changes and optimize the hotel’s performance over time.

Regular financial reporting provides insights into the hotel's financial health, allowing for timely decision-making and strategic adjustments. These reports help identify trends, track performance against budgets, and ensure transparency and accountability in financial management.

Effective franchise negotiation can secure favorable terms that align with your hotel’s business goals, enhancing brand visibility and operational support. By choosing the right franchise partnership, your hotel can leverage brand recognition, marketing resources, and operational expertise to boost market share.

Capital improvement planning involves strategizing long-term investments in your property to enhance guest experience and maintain competitive advantage. By prioritizing upgrades and renovations, you can increase property value, attract more guests, and ensure compliance with industry standards.