Author Archives: Condo Hotel Answers by Richard Evans CHA, CHAE, CRME

About Condo Hotel Answers by Richard Evans CHA, CHAE, CRME

Selected Current & Former Accomplishments ◾Currently preparing as event organizer, keynote speaker and lecturer for the first “Annual Condo-Hotel Conference“, Miami, Florida - sponsored by Florida International University (FIU), Greater Miami Convention & Visitors Bureau (GMCVB) and the Miami Hotel Association – June 21 & 22, 2013 at FIU North Campus. ◾Authoring “The Definitive Study of Condo-Hotels” for FIU and Other University use. Expected publication date is June, 2013 ◾Current BLOGGER: www. CondoHotelAnswers.com ◾Currently sitting on FIU panel to organize series of Revenue Management Programs. ◾May 17, 2013 - Panel member and assist FIU; Revenue Management: The Hotel in 2020 ◾Currently creating FANTASY REVENUE MANAGEMENT competition for Revenue Managers. ◾Current President of Condo Hotel Professionals LLC ◾Current volunteer to HFTP in making Condo Hotel Financial Statement suggestions toward better clarifying the financial position of the Condo-Hotel. •CHA – Certified Hotel Administrator – American Hotel & Lodging Assoc •CHAE – Certified Hospitality Accountant Executive – Hospitality Financial & Tech Professionals •CRME – Certified Revenue Management Executive – Hospitality Sales & Marketing Assoc Int’l •GMP – Cornell University Executive Training – Ithaca, New York •Produced: 3 Symphonies, Broward County – Symphony of the Americas raised funds for Cystic Fibrosis – Symphony of the Americas •Bachelors Degree: Long Island University – Accounting •Board of Director – Greater Miami Convention & Visitors Bureau •Board of Director – Ocean Drive Executive Committee, South Beach •Board of Director – North Beach Hotels, North Beach •Board of Director – SOBE TMA, SOBE •City of MB Transporation & Parking Committee – Task Force representing all MB hotels •Liaison with former Mayor Neisen Kasdin & all Miami Beach hotels / GMCVB Speaker - Revenue Management (Yield Management, Optimization)

Revenue Management in Condo-Hotel vs Traditional Hotel

Richard B Evans, CHA, CHAE, CRME This screen cast will discuss the differences between managing & optimizing revenues in the condo-hotel vs that of a traditional hotel.  Some deviations are subtle while others can be challenging and time consuming.  All … Continue reading

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The History of Condo Hotels – Part 1

The condo hotel concept initially became popular in the 1970’s in the US, primarily due to the tax benefits available for Unit Owners.  Many of these tax benefits were rescinded in 1986 but the concept again gained popularity in the … Continue reading

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Condo Hotel – Owner Statement – Deductions & Accounting

  Richard B Evans Sometimes the Condo-Hotel Owner Statement can be confusing both to the Unit Owner and the Accounting Department.  This screen-cast provides a blow-by-blow look at all deductions, BEFORE and AFTER the Rental Management Agreement Multiplier and what … Continue reading

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Is Dubai UAE leading the world in building condo-hotels?

Richard B Evans DUBAI UAE, Leading the Condo-Hotel charge… http://youtu.be/PDhewgmqpTY Condo Hotels are referred to as Apartment-Hotels here in Dubai and the building boom in the UAE sees them being built everywhere.  Apartment sales, average daily rates and occupancy percentages … Continue reading

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Comparing Condo Hotel and Traditional Hotel Metrics

Metric studies compiled by Smith Travel and PKF Hospitality are the pillars by which traditional hoteliers compare their results to standard results.  While only SEVEN  line items on the Profit and Loss Statement of the Condo Hotel deviate from the traditional … Continue reading

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Maintenance Department: A Business Within A Business

 Richard B Evans, cha chae crme honored inclusion May 16, 2013: http://youtu.be/WLEFlMGswxQ   [Left Click on the Above Prompt Please] Breaking from the traditional hotel financial model, Condo-Hotels are inching toward profitability in P.O.M. Departments.  With traditional US hotels running an average … Continue reading

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The right “Owner Relations Manager” is worth their weight in gold

            Choose Owner Relations Manager Carefully  honored inclusion May 06, 2013: https://www.youtube.com/watch?v=524_DJJ535s      <please left click the prompt above> . Aside from the General Manager and Chief Financial Officer in any Condo-Hotel Program,  the Executive whose background must be … Continue reading

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