BGAM Asset Management is actively looking to grow its portfolio in the next 12 months
Hotel management company BGAM Hospitality has announced that it is launching a new division, BGAM Hotel Management.
The company stated that it is focused on working with hotel owners to deliver results with a fresh approach that is underpinned by two main principles.
BGAM has stated that it wants to work with “agility and accountability” meaning it won’t sign lengthy contracts with clients and management fees will be tied to performance.
In addition to the newly launched BGAM Hotel Management, there is BGAM Asset Management which owns and operates six hotels with 684 rooms, employing 400 staff and valued at over £50M.
BGAM Asset Management is actively looking to grow its portfolio in the next 12 months.
Levy said: “We feel we are in a unique position as owner-operator of hotels. It is because of this mixed role that we think like venture capitalists and act as entrepreneurial asset managers. We have a unique approach to hotel operations, which is why we achieve better returns.
“For example, we have a model that we call COT; Council of Talent, where we bring together five working groups from across the business: Commercial, Finance, Operations, ESG and Property to work on the bigger challenges and projects in the respective areas. This way we leverage the talent, get them exposed to a wider scope and achieve better results. A real win.”
Liam J Moran
21 September 2023
Hotel Owner