+49 211 1386650-0

info@select-hoteladvisory.com

Welcome

Would you like to restructure your hotel,
and need a strong positioning?

Do you need fundamental decision-making tools
to achieve long-term appreciation in the value of your hotel?

Are you looking for the right operator, investor or asset?

SELECT is the one-stop solution for you.

PROJECT DEVELOPMENT

creating lasting values

  • Location Assessments
  • Hotel Development & Concepts
  • Operator Sourcing
  • Financial Configuration of Lease / Management Contracts
  • Investor Targeting
  • Intermediary Financial Services
more...

Is a hotel the so-called „highest und best use“ for a site? Which concept is best suited for a location? Because a budget hotel has different location needs than a convention hotel, after all. A thoroug market analysis delivers the crucial insights needed for choosing the right concept type, profit center configuration and project size. It also projects realistic yields.

The SELECT’s concept reports form the basis for clients to determine which hotel operators / brands are suitable and worth targeting for a particular project. With our concept report, hotel operators as well as investors / exit partners can be adressed in a qualified and direct manner. The SELECT team assists the developer in choosing the best-suited candidate and upholds the Client‘s interests during contract negotiations, maximizing the project‘s financing and investment potential.

REQUEST

APPRAISALS / STUDIES / ANALYSES

PROFOUND. PLAUSIBLE. TO THE POINT.

  • Market- & Location Analysis
  • Financial Feasibility Studies
  • Plausibility Checks / Second Opinions
  • Hotel Demand & Supply Analysis
more...

Important decisions are based on facts. Deep-diveanalysis and studies are indispensable for assessing, verifying or testing the plausibility of project ideas, concepts and locations. They are also crucial when it comes to repositioning existing hotels.

The SELECT team advises banks, project developers, municipalities, and touristic regions as well as hotel investors and operators on all issues surrounding the life cycle of hotel real estate.

For municipalities as well as touristic regions it is especially important to acquire best possible project partners for a proposed hotel project, be they developers, operators or investors. Solid projects require professionally qualified decision-making, using the best information. This process can be considerably accelerated by studies and analysis conducted by experienced professionals from an established and respected advisory firm, such as SELECT.

REQUEST

CONCEPTS / CONSULTATION

LEVERAGE UNTAPPED POTENTIALS.

  • Refurbishment / Expansion
  • Potential- & Effiziency Assessments
  • Reporting- / Controlling-Tools
  • Asset Management
  • F&B Concepts
  • Turnaround
  • Implementation Support
more...

In today‘s dynamic market, it is imperative to continually improve a hotel‘s market position regardless its brand. For existing hotels, questions worth asking include: are the number of rooms is still sufficient? Or is the property too big? Is the hotel still operating under the right brand? Where can we look for untapped potential? How can we tap it?

For example, the F&B division is oftentimes neglected in many hotels even though this area comprises quite a number of profit centers including costly back of house areas, such as kitchen, storage and spaces. F&B’s encompasses considerable earning potential. As one of the very few advisory firms on the market, the SELECT team specializes in making the hotel business legible for stakeholders outside of the industry. Besides establishing a high degree of transparency, the SELECT team develops taylor-made concepts that enables the hotel to generate additional cashflows, while creating attractive workplaces to draw the best teams, even when skilled human resources are scarce.

The SELECT team supports clients at an interdisciplinary level, providing bespoke guidance through the implementation process.

REQUEST

TRANSACTION SERVICES

STRATEGY & EXECUTION

  • Investor Sourcing
  • Transaction Support
  • Valuations (MRICS, HypZert) – with Partner
  • Commercial Due Diligence
  • Technical Due Diligence – with Partner
more...

Once an owner decides to sell a hotel, many things need to be taken into consideration. The value of a hotel is measured predominantly by its earning power. But other parameters also impact the market price. These include property location. A hotel in a premium metropolitan location might bring a higher price than a hotel with identical earning power in a less prominent location.

For some properties, it can be advisable to develop a concept for inreasing the hotel’s earning power. One example might be by outlining untapped potentials that exist on an operational level in light of changed market conditions. In some cases, the question might also be, is the current operator or brand still the best fit? These strategic parameters need to be addressed in order to best project reasonable cash flows. An appraisal carried out in alignment with proven industry valuation standards often serves as an objective negotiation basis regarding a fair market value. 

The team‘s in-depth market and industry insight allow them to deliver profound decision-making tools both that are useful for both the seller and the investor. Due to their extensive networks and established reputation, SELECT brings the right partners to the project – be they investors, operators or financiers.

REQUEST

INTERIMS MANAGEMENT

GAINING TIME THROUGH EXTERNAL KNOWHOW.

  • Crisis Management
  • Operator Change
  • Supportive Guidance & Advice
  • Turnaround
more...

And suddenly a hotel is without a leader. During crises and turnarounds, time is a crucial factor. Quickly capturing complex situations, outlining a systematic implementation scheme, taking appropriate measures, and also keeping in mind that one valuable resource of any hotel is its employees. All these are important success factors. SELECT’s approach enables our interim management teams to not only steer a hotel back to calmer waters, but also to build up and empower strong management practices that will ultimately lead operations into lasting stability. 

The philosophy of the SELECT team is to provide the crucial link between financial requirements and operational particularities t oachieve longterm success.

The SELECT team relies on proven relationships with experienced industry professionals.

REQUEST

ABOUT

SELECT stands for independence, quality and added-value.

The SELECT team is dedicated to the success of our clients: hoteliers, owner-operators as well as developers, banks, institutional investors, family offices, municipalities and tourist regions. We see ourselves as an independent interface, and promise to deliver reliable results as well as profound decision-making tools. We hold ourselves accountable by guiding our clients during the implementation process of our recommendations, as desired.

Your first point of contact is Ms. Tina Froböse.

Tina Froböse, MBA

MANAGING PARTNER

Tina Froböse comes from a hotelier family and has extensive experience in top-notch international hospitality industry as well as in hotel project finance. Prior to founding SELECT, Tina held responsible positions within the field of hotel consulting services for more than 13 years of which she served 7 years as Managing Partner at BBG-Consulting, Europe’s oldest hotel consulting firm.

She earned her MBA in Financial Management in the USA at Johnson & Wales University Providence, Rhode Island. Before that, she completed her Bachelor’s degree at the hotel management school Wihoga in Dortmund Germany. Previous stages of Tina’s career include The Savoy London, WestLB AG New York as well as TUI Hotels & Resorts.

As part of the “Arbeitskreis Hotelimmobilien” (an interdisciplinary alliance of more than 300 hospitality professionals in the German-speaking  market), Tina is heading the working group F&B. She is also a regular guest lecturer at Bauhaus University Weimar, IST- Private Management School Düsseldorf, as well as at training facilities of Germany’s mutual savings banks, including Sparkassen Akademie Bayern.

Tina Froböse defines SELECT’s philosophy as follows:

“A hotel is more than just real estate. For some, a hotel is a place of desire, a source of inspiration. For others, a hotel is a necessary stopover on their travels. Yet others see in a hotel the fulfillment of a childhood dream. At the same time, hotels can be profitable investments. Whatever connects you to hotels: we help you succeed.”

Team & Partners

The team consists of highly reputed professionals in the fields of hotel consulting and valuation (MRICS, HypZert), operations, architecture and engineering.

We are especially proud of our partnerships with top-notch associates in the field. Our teams are set up according to individual project type, and focus, in order to provide clients with the highest value, reliability and effectiveness. Especially projects in a more complex situation benefit from this versatile approach.

more...

MANAGEMENT / OPERATIONS

Reinhard Thiele, FCSI

Reinhard Thiele is an experienced consultant and successful hotelier. He is currently operating four hotels of varying type, such as boutique hotels or upscale convention hotels. His particular strengths are implementation support and advise as well as interim management.

ARCHITECTURE / TECHNICAL SERVICES

Manfred Ronstedt, FCSI, IKN, CRB

Manfred Ronstedt is an architect und member of the Chamber of Engineers in Lower Saxony as well as of the Foodservice Consultant Society International (FCSI). He prepares technical studies on hotel real estate. A book author, he also speaks at conferences and symposiums that address hotel development and design.

PROJECT SUPPORT

Sebastian Knak

Sebastian Knak was raised in a family of hoteliers, where he learned about hotel operations from the bottom up. After his apprenticeship as hotelier, Sebastian earned his Bachelor‘s degree in hotel maangement at the Hotel Management School in Leipzig, Germany. In addition, he collected valuable experience working in the event catering industry. He supports the SELECT team as Junior Consultant, bringing to bear his expertise in areas on Feasiblity Studies or hotel market analyses.

MANDATES

As multifaceted as the hotel industry.

A business hotel, a resort, a conference or convention hotel. A hostel or a leisure park or a boutique hotel with Michelin star restaurants: our clients are hoteliers, owner-operators as well as developers, banks, institutional investors, family offices, municipalities and tourist regions.

The following projects are examples of our daily work:

CONTACT

SELECT Hotel Advisory Services· Königsallee 14 · 40212 Düsseldorf · Germany
T: +49 211 1386650-0
E: info@select-hoteladvisory.com

Career

Would you like to be part of our team?

Then do not hesitate to introduce yourself.

We hire:

  • Intern (m/f/d)
  • Trainee (m/f/d)

We are looking forward to getting to know you.

info@select-hoteladvisory.com