Services

Lester Hospitality

provides a variety of expert management services to hotel owners and investors because we know management makes the difference to a hotels level of success. We believe in top service and insist on excellence with our people in our hotels.

Hotel Management Service:

  • Operations Management
  • Financial Planning, Revenue Management and Accounting
  • PIP Negotiation, Procurement and Execution
  • Third Party Management
  • Hotel Receivership
  • Human Resources Management
  • Policy and Procedures Administration
  • Payroll, A/R and A/P Services
  • General Consulting
  • lnformation Technology
  • Preventive Maintenance
  • Establishment of Departmental Goals & Budgets
  • Tax Preparation & Internal Audits

Development Services:

  • Acquisitions and Brokerage
  • Feasibility Analysis
  • Purchasing and Procurement
  • Hotel Brand and Site Validation
  • Owners and Brand Relations
  • Brand Negotiations
  • Joint Venture Partnerships
  • Conversions and Renovations
  • Design and Construction Consulting
  • Pre-opening and Opening Assistance

Existing Hotel Fee Simple Acquisitions Criteria:

  • Asset Type Upscale Limited, Extended Stay, Full Service and Select Service Hotels
  • Individual Asset Size of 100-400 Rooms
  • Deal Size Single Assets up to $30M
  • Franchise Affiliation Primarily with IHG, Hilton, Marriott
  • Management Unencumbered
  • Midwest Market
  • Capitalization Rates Minimum of 8% unless there is a value-add play
  • Existing Debt Acquisition through Single or Portfolio debt of up to $60M