MANAGEMENT
CWB Property Management has an outstanding record of success in a wide array of services, including the acquisition and management of hotels, obtaining optimal financing, third party management with enhanced returns on owners investment, developing exit strategies that maximize investor profits, and the development and construction of new hotels.
Due to this success, major investment companies routinely recommend us to clients seeking hotel management services.
As an authorized franchise partner by Crowne Plaza, Holiday Inn,
Clarion, Holiday Inn Express, Hampton Inn, Best Western and the full range of Choice Hotel Products, CWB is also experienced and proficient in the complex area of receiverships, and has successfully performed the role of court-appointed receiver.
CWB focuses on providing quality service with the operating constraints of each product. We seek investors with values similar to our own and we consider the potential of each property’s location, condition, and whether the owner’s commitment to critical objectives aligns with ours. With these priorities in place, a rewarding and successful partnership is assured.
CWB owns and operates hotels under various franchises and is actively pursuing additional acquisitions and management contracts. With flexibility and experience, CWB Property Management is exactly what you need... exactly when you need it.
Third Party Management
In today’s difficult economic environment the pressure to provide an adequate return on your investment
property has been amplified. Under these conditions only the strongest competitors survive and only the most experienced thrive. You need a management company with an absolute commitment to maximizing EBITA, an intense sense of urgency and a genuine focus on the best interests of the owner.
In our most recent conversion we took a property over from a national hotel firm. In just one year we managed to increase room revenue by 41%, occupancy by 45%, and RevPAR by 39.5%. And we did all of this while increasing guest satisfaction scores from 65% to 95%.
Our record of providing cash-on-cash returns to investor’s averages 16%, and in syndications where properties were purchased, renovated, and then sold, the average return over the holding period has been in excess of 40% per annum, while investors received a return of more than 200% overall.
If results like these are of interest to you – we need to talk.
CWB will manage the property on a day-to-day basis, including taking responsibility for the hiring and termination of all employees, keeping the property at proper staff levels, and meeting all franchiser requirements. The company also provides bookkeeping and accounting services.
Consulting
CWB Property Management, Inc. provides top-quality consulting service for hotels, apartments, restaurants, and golf/country clubs.
Our objective is to help you to enhance your return on investment through intensive marketing and sales
efforts, detailed budgeting, cost control, renovations and maintenance, training, and motivating key personnel.
We'll help you develop a viable business plan as the first step in the process. Not just the routine stuff, but also rather an insightful, canny approach that will assure that you will succeed when others will not.
Our approach will focus on the following factors:
- Operational Performance
- Sales and Marketing
- Cost Controls and procedures
- Financial Reporting and Analysis
- Human Resources and Staff Analysis
- Location and Sight Analysis
Receivership
CWB Property Management is qualified in all aspects of receiverships and has extensive experience in the role of court-appointed receiver. This is a highly specialized area requiring delicate management touch.
Food & Beverage
CWB Property Management has extensive experience managing a diverse group of food and beverage facilities. We offer expertise in beverage operations, restaurant management, banquet and catering services in independent operations as well as a wide range of hotels meeting and conference facilities.
Our Corporate Executive Chef, Kirby Bainter, provides food preparation, menu development, kitchen management, and catering support to all hotels.
We believe that your food and beverage operation should complement your property and serve the specific needs of your primary guests. We build and operation restaurants for the customer and we have a reputation of satisfying those needs with an abundance of style and grace.
5775 Perimeter Drive • Suite 290 • Dublin, OH 43017 • t. (614) 793-2244