Asset Management

Remington is a disciplined Asset Manager with highly professional policies and procedures in place. Remington has a proven Asset Management performance track record having generated a 41 percent IRR.

Remington provides the following specific Asset Management services:

Property Acquisition

• Deal sourcing and underwriting
• Due diligence and feasibility studies
• Franchise and PIP negotiations

Property Disposition

• Sale evaluation (investment return, capital markets, competitive market, supply-demand analyses)
• Related due diligence work
• Financing, joint venture, or franchisor disposition issues

Property Financing/Refinancing

• Evaluate appropriate debt structure
• Manage lender RFP process
• Analyse different lender financing alternatives
• Term sheet negotiation
• Present alternatives and recommendation
• Oversee lender due diligence and requests for information
• Legal oversight
• Loan closing

Reporting

• Annual business plan preparation custom made to the owner's needs (including historical performance, forecasts, capital expenditures, budgets, market summary, capital account summary, and return analysis)
• Joint venture budgeting, reporting, and compliance
• Joint venture partner requests for miscellaneous information on hotel industry, markets, competition, performance, and operating sensitivities

Insurance, Tax, Legal, Accounting

• Insurance procurement, compliance, and oversight of claims management
• Lender reporting and compliance
• Property tax administration and protests
• Oversee partnership tax returns
• Review accounting statements and filings
• Review audit results
• Oversee legal issues

Franchise Management

• Interface with franchisor on negotiations, compliance and PIPs

Capital Expenditure Planning

• Capital expenditure plan reserves, oversight, and management

Lease Management

• Equipment lease, ground lease, and space lease procurement, negotiations, and oversight