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Destination Properties LLC is an entirely integrated Hospitality Management Company offering a comprehensive range of management solutions as an operator, consultant, joint partner or investor. Our strengths are founded on the diversity of our management team and associate partnerships. The collective skills of these entities contribute to the complete comprehension of each project we undertake which allows us to deliver a profit driven solution.
Investment Partnerships and Financing Hospitality Management Consulting Sales and Marketing Solutions Pre-Opening and Technical Support Due Diligence Asset Management
| Investment Partnerships and Financing |
Destination Properties LLC has entered into several projects on a 'partnership' basis either as a Joint Venture Partner or through short and long term financial contributions to a project. Several options are available such as:
Equity in lieu of a portion of fees Joint Venture owner/developer participation Long term leasehold Short term loan for property repositioning With any of these options, or others, the customized partnership basis are designed for project success and a win-win solution for all parties involved. Financing solutions, through our associate partner, Hallmark Funding Corporation, are provided for either stand alone conventional or combination conventional and SBA financing. Hallmark specializes in commercial real estate finance with a primary focus in the purchase, refinance and construction of hotels, motels, resorts, independent living centers and commercial buildings. Destination Properties LLC undertakes short and long term management agreements with the purpose of driving income, profit and organizational change. Each of our senior executives has significant experience with impact management for the takeover of existing properties and the pre-opening of new hotels and resorts. Additionally each executive is experienced in market repositioning.
We deliver solutions for a range of clients tailored to the unique challenges each client faces within their respective markets.
Key areas we can address in our management agreements are:
- Business culture - Sales & marketing - Process & systems - People & organizations - Customer service - Financial performance - Product potential
Hotel Consulting services on a full range of management and marketing concerns provided as either a project or on an across-the-board basis.
A consultant operation that provides each client the services of Destination Properties management/marketing team on a limited involvement basis for:
- An initial analysis of the hotels fiscal and operating condition - An overhaul plan for staffing, sales and operations - A monthly monitoring of the hotel's on going activities - A monthly status report to ownership - Interim operating recommendations - Quarterly evaluation of operations, departmental income, revenue and net profit - An annual operating summary and trends report
Compensation for such services will be proposed by Destination Properties LLC upon a review and analysis of the property.
| Sales and Marketing Solutions |
Whether independent or franchise affiliated the success of any small to mid-size property can be directly tied to an aggressive on site sales and marketing program. At Destination Properties LLC, our owners/agent based sales and marketing programs are designed to provide the independent operator with the necessary resources needed to direct on site sales efforts and market expansion while maintaining day-to-day control of each individual property. Our commitment is to build revenue through aggressive sales and marketing programs as we are able to offer quality properties that are properly positioned to compete within the market. Three phases are critical to the overall plan. Phase l Property and Market Review Conduct a market study and thorough review of the property's facilities, amenities, published rates, operating systems, customer service training, franchise relations, existing sales programs and supporting collateral materials. Present to the owner the detailed review of the market study and property profile. Phase 2 Marketing and Sales Plan Recommendations are made and evaluated culminating in an overall marketing/sales plan created to meet the needs of the individual property. Phase 3 Plan Implementation Implement an ongoing sales action program which consists of monitoring the direct sales calls on a local level and acquiring regional assistance for calls made on your behalf by DPLLC and DPLLC affiliate partners located throughout California and the United States. | Pre-Opening and Technical Serives |
One of the most specialized aspects of the hotel business is the pre-opening and takeover of any hotel. The on-budget, on-time opening of a hotel will determine its short and medium term viability. A successful opening includes such critical activities as:
- Getting the correct staff hired - Training staff regarding standards required - Establishing a multitude of systems and procedures throughout all departments - Establishing detailed marketing plans - Aggressive pre-opening sales implementation - Effective public/community relations development - Development of effective distribution channels and internet marketing - Establishing and working within an effective pre-opening budget - Strategic development and implementation of a practical operating strategy and budget Destination Properties LLC provides all the activities through its preparation and delivery of a critical path, integrating all the key activities into a time and management accountable document. Destination Properties LLC will also direct or work closely with specialists in all phases of design, purchasing, architectural and construction support. All of these factors need to be tailored to ensure that the appropriate standards are achieved upon opening and to ensure sustainability of financial goals. | Due Diligence and Acquisition |
Our extensive experience in hotel acquisitions, via our associate partners, can help identify suitable hotel projects to fit the desired business model, formulate strategies for acquisition/financing and undertake transaction negotiations. We will use our experienced view-point to conclude:
- Operational strengths and weakness of target asset - The best time to build a hotel based on market dynamics - Re-positioning/ re-franchising opportunities - Sources of business/demand generators - Estimates regarding market driven capital expenditure - Identification of debt and equity sources
Upon completion of this extensive asset due diligence, Destination Properties and its associate partners will summarize to ownership regarding:
-Investment hold period based upon market dynamics -Positioning most viable use of property based on its competitive advantage -Financial projection and net operating income projection -Capital plan and requirements to maintain competitive position
Destination Properties LLC acts on behalf of owners and independent hotel developers to ensure that the operating management company or franchise affiliation are managing performance. We also ensure that the owner/developer is in a position to make informed decisions relative to the selection of potential management and/or franchise companies to include the renegotiating of contracts.
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