Organization

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Westmont has built up a number of significant support teams in various geographical areas, allowing the organization to specifically tailor its services to the opportunity that presents itself. These may include:

Operations
Responsibility for overseeing the day-to-day management of the hotels including all aspects of financial accounting, sales and marketing, IT and human resource management. Wherever a group of hotels can be clustered, regional managers are responsible for the running of a group of assets in order to benefit from economies of scale.

Development
Westmont has dedicated Development personnel providing expertise in:

  • Sourcing deals
  • Underwriting
  • Due diligence
  • Market intelligence/monitoring public markets


Asset Management
The company has been one of the leaders in providing exhaustive asset management functions which include:

  • Reviewing hotel performance including sales & marketing, cost management, staffing levels and providing budgets and business plans.
  • Maintaining franchise partner relationships
  • Establishing capex needs and investment analysis of capital projects
  • Providing project management when necessary
  • Identifying value-enhancing opportunities including efficient reallocation of space
  • Management of fixed charges including insurance and property taxes


Finance
Westmont's approach to providing an investor with a "complete" service extends to the following:

Tax

  • Structuring advice and setup
  • Reporting
  • Compliance

 

Accounting/Reporting

  • Reporting on bank covenants
  • Providing management, investor and statutory reports
  • Consolidation reports
  • Accounting compliance
  • Overseeing audit and year-end processes

Financing

  • Development of financing strategies
  • Maintaining bank relationships
  • Providing advice on bank terms and documentation 
  • Lender reporting

 

Transactions

  • Acquisition/disposition strategy development
  • Process management including due diligence
  • SPA management
  • Post-acquisition transitional services