Duties and Powers of the Management Company

What are the duties and powers of a hotel management company?

Take measures to ensure hotel occupancy and timely receipt of funds from the property’s operations in accordance with the Business Plan, which is valid until the property is officially registered, developed by the Management Company and agreed upon with the Owner.

• Recruitment and training of personnel.
• Organization of operational purchases within the framework of the Budget approved and agreed upon with the Owner.
• Organization of maintaining cleanliness and order on the territory and in the premises of the hotel complex.
• Organization of a reservation system, reception and accommodation of hotel guests.
• Entertainment Programming / Events Coordination
• Restaurant and kitchen operations management
• Preparation and implementation of entertainment animation programs.
• Organization of a warehouse complex on the hotel’s territory.
• Organization of various productions (subject to agreement with the Owner) based on the capacities of the hotel complex, with the aim of selling the results of production. Today, for example, it's common to organize your own mini-farms.
• Marketing and sales strategy development
• Provide timely financial reports on the hotel complex's operating activities.
• Maintain order and security on the hotel grounds.
• Ensuring the safety of the hotel complex's buildings and property.

Furthermore, the management company has access to video surveillance recordings and listening devices.

Besides being fundamental elements of agreements, the above rules will help the hotel complex owner understand the benefits of partnering with a management company, as the management company's powers and responsibilities will eliminate unnecessary headaches and improve the facility's productivity.