Tag Archives: condo hotel metrics

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

Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

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  Many of these tax benefits were rescinded in 1986 but the concept again gained popularity in the … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

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

Video | Posted on by | Tagged , , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

SEC Allows No Pooling of Revenues or Expectations of Profitability in Condo -Hotel Sales

     Richard B Evans CHA CHAE CRME Written: February 5, 2013             The offer and sale of a condominium by a developer can constitute the offer and sale of “securities”, subject to both federal and state securities laws, if … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment