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Your Experienced Ally
Condominium hotels are unique properties that present intricate complexities for developers. Provident Hotels & Resorts has been a force in the industry for years, working with third-party operators such as Regent, Hyatt Corporation, and the Ritz Carlton Hotel Company. Through our consulting services, you’ll benefit from our experience and avoid common hurdles. Our professional staff will thoroughly advise on a variety of aspects, including but not limited to:
- Day-to-day operating procedures and policies
- Unit/owner relations
- Contractual relationships between unit owners and the hotel operator, including formal agreements
- Contractual relationship between the condominium association and the property manager, including formal agreements
- Computer hardware and property management software configurations providing fair and equitable rental rotation formulas and unit-by-unit accounting systems
- Design and layout of condominium units, public spaces, common areas, shared facilities, and hotel components
- Declaration of condominium and related documents
- Preparation of initial condominium association budgets
- Preparation of initial hotel program operating budgets