Scope of Services/Background: The County is requiring an independent Asset Manager, with hotel and associated convention center experience. The Asset Manager will be required to report Hotel's performance (financial and operationally) and provide guidance and recommendations to the County, based on industry knowledge and current statistics (for local and national area for similar sized hotels and for convention center hotels). The Asset Manager will provide independent reporting, including comparison of Hotel's performance metrics documentation, against local and national hotels. The Asset Manager will also need to verify to the County that the hotel is competitively positioned locally, nationally, and internationally, and must be able to evaluate the County’s hotel against other operators (i.e., ensuring room rates are priced correctly for this area and quality standards are maintained for rating). The Asset Manager must use the County's hotel information and compare to specific-industry data to review and confirm the hotel’s financial performance, including revenues and operating profit revenue streams. Additionally, the County’s Asset Manager must be knowledgeable on convention center operations associated with hotels – the management, bookings, goals, and requirements – to ensure that the County’s hotel and convention center compliments each facility’s operations, and feed strong revenue growth for the hotel, and increase economic impact for Broward County.
