Integrity Hospitality Advisors, LLC
Integrity Hospitality Advisors was formed to provide professional domestic and international hotel advisory & consulting, distressed asset, hotel/resort/residential development management, expert witness testimony, litigation support, asset management and operations consultancy services to the global hospitality industry. Since 2006 Integrity Hospitality Advisors, LLC has been providing such services to it’s valued clients.Chuck Tomb draws on over thirty years of experience in hotel operations management, real estate investment and development as well as business development to provide clients with the guidance and leadership they require to ensure success in new and existing hotel real estate ventures.
Firms rely on and hire IHA for a number of reasons; not the least of which is the value created for clients in understanding the issues and complexities associated with brands, hospitality real estate, operations, ownership, management and all factors as they interact to create issues that can be resolved and opportunities that can be taken advantage of by those who have dealt with them in the past. Experience, insight and knowledge.
* Hospitality Advisory & Consultation - Understanding the spectrum of issues from the perspective of the investor, developer, brand, owner and operator and how decisions affect all constituencies provides insight, discovery and resolution. Once clear from all perspectives, clients are able to make informed decisions based on practical, real world hands-on experience and knowledge, align interests and assist all in achieving the optimal outcome. Selection and analysis of management companies, brands, purveyors and managing the process with our clients bests interests and specific needs brings the right entities together in making it all work properly.
* Distressed property receivership, advisory and consultation - These are challenging times. Integrity Hospitality Advisors has teamed up with a newly formed group of experienced hospitality attorneys on the east and west coast who have an extensive depth of expertise in receivership of hotel assets. This team combined with the quality on the ground hospitality teams we have assembled quickly and decisively bring clarity and certainty to the process of assuming control of hospitality assets. We have been through and dealt with hotel assets in this cycle before (RTC) and understand the nuances, needs and necessity of professional, targeted turnaround assistance in crucial times of needs for hotel assets that are distressed. We serve lenders, investors, loan servicers & special servicers, owners who are in need of receivership, management, guidance, analysis and information they can rely upon; experience that has been through prior real estate cycles. Chuck Tomb and this teams experience in these cycles includes the spectrum of operations, franchise & management agreements, liquor licenses, working through the myriad of troubled operational, capital, financial structuring and asset issues that must be dealt with in surfacing solutions that maximize value. Understanding and protecting your rights under agreements and working with the brands, the management company and staff or inserting new management to take control and stop the bleeding to make sure the right steps are taken now in order to bring about orderly and proper decisions with respect to cash, the loans and the asset. We will engage a network of professionals to provide the necessary expertise needed to answer the questions and guide the property through the troubled waters of our current economic realities all in the interest of protecting and enhancing the asset and bringing about a plan of attack that will right the ship.
* Asset Management Services - Hotel owners engage IHA as their asset manager in order to provide strategic direction, oversee the identification and execution of agreed upon business strategies, cost containment and controls, sales and marketing and to continuously improve service and operating standards that result in maximum profitability and ultimately, maximum asset value. Some areas addressed in the asset management process include:
o Reviews of all operating departments;
o Comprehensive profit and loss statement evaluation;
o Sales and Marketing plan review and comprehensive sales and revenue management audit;
o Service standard evaluation and enhancement
o Standard operating procedure implementation to insure well-organized and managed operating departments;
o Human resource management;
o Energy management and effective cost controls;
o Safety and security standards;
o Brand compliance and brand interface management for franchised hotels;
o Capital Planning and execution
* Litigation and expert witness testimony - Over 30 years of multi-faceted operations and development expertise with public and private hotel companies assisting owners, operators, brands and management companies in providing thoughtful, forthright and compelling counsel. We help you bring clarity to the case you are provided in the complicated litigation process. Real world expertise demonstrating real time judgement and knowledge in dissecting and bringing perspective to your assignment.
* Development Management - We bring real world experience to each project or assignment. International and Domestic experience on full service and select service ground up development that bridges operations management experience with the depth of hotel development expertise - the full spectrum of service to assist in leading your project to success.
Chuck Tomb was a featured speaker at the 2009 Lodging Conference, Phoenix, AZ
Distressed Hotels - What to Look for When You're Kicking the TiresThis panel explored recent distressed deals including price, value, rehab costs, outstanding loans, and turnaround potential.
MODERATOR
* Michael G. Desiato, Vice President & Group Publisher Incisive Media - Real Estate Division, Real Estate Forum
PANELISTS
* Jerome F. Cataldo, President, Hostmark Hospitality Group
* Charles R. Tomb, President & CEO, Integrity Hospitality Advisors, LLC
* Steve Van, President & CEO, Prism Hotels & Resorts