Mar 28, 2024
Michael Edwards, MBA, CHAE, VP Assett Management with Castlerock Asset Management, LLC. told me during Hunter Hotel Investment Conference that the deal pipeline is rough.
Edwards also shares the current state of hotel asset management, emphasizing the importance of efficient operations and collaboration between owners and operators to ensure profitability, especially in a challenging financial environment.
*Asset management focuses on maximizing cash flow and profitability through efficient operations and strategic financial planning.
*Profitability is enhanced by understanding and managing the cost of debt, emphasizing the importance of cash flow in asset management.
*Collaboration between property owners and operators is crucial for aligning operational efficiency with ownership goals, ensuring the success of the asset.