NZ Hospitality

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Nasir Zahir of Richardson, TX on Life, Lessons & Legacy We recently had the chance to connect with Nasir Zahir and have shared our conversation below. Good morning Nasir, we’re so happy to have you here with us and we’d love to explore your story and how you think about life and legacy and so much more. So let’s start with a question we often […]

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General Manager Vacant Position is Really Costing Your Organization Lots of Money

Some of the advantages and benefits of using a temporary General Manager are:
• The Regional Director or Vice President will not have to step in and manage the property when you use a temporary General Manager so their attention will not be diverted from other properties.

• More skill and experience than might be available in the market for the salary budgeted.

• I will provide upper management with a fresh neutral perspective.
• The hotel will not be required to pay a bonus or benefits on fees paid or, take on any commitment other than a two-week window for closing out the temporary assignment.
• Benefits paid to a full-time General Manager that can run an additional 40% of a base salary are typically included in the task force fee, so the owner pays a set amount and can budget accordingly. This fact combined with a potential tax deduction for hiring an outside contractor might also be appealing in the financial statement.
• The investment in a temporary General Manager is exceeded by the return that can kick in rapidly with very little "ramp-up" time as I have provided the service for over five years.
• The vacant position will be covered by myself, so please see my attached resume.

I will enable your hotel to avoid the negative effects of a vacant General Manager position that will significantly impact the revenue performance, cost controls, GSS and training of your hotel and staff.
Thank you and I look forward to discussing how we can develop a mutually beneficial business relationship.

Cordially,

Nasir Zahir, CFBE
[email protected]
469 835 2719

Hotel Receivership Service Offered by NZ Hospitality:

NZ Hospitality can act as a court appointed receiver and/or as the manager hired by you to protect your assets and operational services while under the receiver order. Our in-depth knowledge of the legal aspects of the process can anticipate a variety of potential situations that may arise and we can react quickly. If necessary, NZH is also equipped to immediately takeover an asset.

We understand that for a lender, a distressed hotel is one of the most complicated real estate assets. The key to success in acquiring the most favorable outcome is to retain a notable and experienced company.

NZ Hospitality works with clients to develop a customized approach given the hotel's special market conditions, property conditions, and relationship with the brand where applicable, to develop a strategy for the asset early in the process.
When necessary to the court, a detailed analysis of the asset, forecasts for revenue and profit and other significant issues. We pride ourselves on generating a complete profit and loss statement, delivered in most cases within ten days of the close of each period. You can expect prompt reconciliation of cash, cash flows, assets, and liabilities.

Together we will develop a strategy to reposition the hotel for maximum recovery value. Working with qualified brokers, NZ Hospitality Services helps tell the story to potential buyers.
As lender if you are seeking a receiver to help distance you from potential liabilities or a manager looking for a smooth transition to reassign hotel management,

NZH is here to assist. Our goal as a hospitality company is to maximize the potential of your asset while protecting your property.

Call me this week so we can discuss a plan of action for your property for the remainder of this year and 2020.

2707 Forest Grove Dr., Richardson, TX 75080
(469) 835 2719 www.nzhospitality.com
[email protected]

Confidential and Proprietary