Until now, hotel owners have either hired individuals, operated under management contract by a brand or operated by the owner. The Hayche Network (THN) are at the vanguard of proposing to owners an attractive alternative which is third-party management.
Our approach has been increasingly embraced because we provide the experience, expertise and support necessary to effectively grow the business to the point of an autonomous operation with the supervision and controls tool we develop.
The advantages of third party management companies
Most hotel management companies have developed procedure manuals and training programs that cover all of the aspects of hotel operations. The benefits of retaining a professional hotel management company usually far outweighs the alternative of employing an individual general manager, particularly when a hotel owner does not have the ability or desire to provide a high level of supervision, As a result of many investors reaching this conclusion, the number of hotel properties managed by third-party operators has grown significantly over the past twenty-five years. This trend is further substantiated by hotel lenders, underwriters, and rating agencies, who typically require that a competent hotel company be included in the project team.