Insights
Insights on hotels, resorts, golf courses and sports clubs
Short notes from construction sites and daily operation: kitchens in the wrong place, CAPEX that never pays back, clubs that diversify without losing golf.
Owner FirstHow to evaluate a hotel operator from the owner’s sideA good operator runs the hotel well. The owner still has to judge whether it is being run in line with their own objectives. These are different questions.Asset NotesWhen a golf club should diversify, and how to do it without losing its coreDiversification is often presented as moving away from golf. The stronger move is usually to build around it.Better DecisionsBefore approving CAPEX: three questions every owner should askEvery investment leaves something behind in the asset: staff, maintenance, energy. It can create income, reduce cost and protect value, or add complexity that the owner pays for every year.Before It Is BuiltDesign decisions that become operating costsMany operating problems are born on the plan. By the time the asset opens, the cost is already built in.
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jr@erolahospitality.com