Page 4 - There's NOI in Team - SIB Hotel Industry Whitepaper

Ownership groups stand to gain significantly by hiring outside resources. Specialized third parties provide skilled and experienced personnel for a fraction of the cost of in-house human capital. Rather than replacing people in current roles, good third parties align with your team and earn their pay solely based on measurable ROI. Think of them as project managers for projects you don’t have time to manage.
Reputable third parties will freely assess your specific situation and show you exactly what you’re paying today. With access to enormous data sets, they provide unparalleled insight into whether category-specific rates are market appropriate. These data sets span a wide spectrum. By not focusing exclusively on any one industry, they possess comprehensive market knowledge and truly enable clients to know what, for example, the fast-food restaurant across the street and the hospital down the road are paying the same vendors that your properties utilize.
And since the best ones are generally only paid based on demonstrated improvements to your bottom line, they are good players to have on your team.
Charleston HQ Office:
796 Meeting Street Charleston, SC 29403 Phone: 843.576.3606
New York Office:
1204 Broadway, 4th Floor New York, NY 10001 Phone: 843.576.3606
SIB Lighting Office:
7777 Glades Road, Suite 100 Boca Raton, FL 33434 Phone: 843.576.3656
www.aboutsib.com