Wyndham Chittorgarh — asset managed by Kaviaan Hospitality
The owner's watchdog
When a hotel is under a management agreement, the operator's incentive and the owner's incentive are not always the same. Asset management puts a qualified, independent eye on the operator's performance — reviewing budgets, challenging assumptions and ensuring the management agreement is being honoured.
Kaviaan's asset management work is built around one principle: the asset belongs to the owner. We sit on the owner's side of every budget review, every capital decision and every performance conversation — bringing hospitality operating knowledge that most ownership groups do not have in-house.
What asset management delivers for owners
- 01Operator held to the performance standards in the management agreement.
- 02GOP protected through tighter cost oversight and revenue challenge.
- 03Capital spend directed to where it generates return, not where the operator prefers.
- 04Transparent, documented record of operator performance for board and lenders.
- 05Early identification of underperformance before it compounds.
- 06A clear path to exit or renegotiation when the agreement is no longer serving the asset.
Our asset management services include
Operator Performance Monitoring
Regular review of the operator's trading performance against budget and competitive set — with a clear view of where they are winning and where they are not.
Budget Review & Approval
Line-by-line scrutiny of the annual operating budget before the owner signs off — challenging costs, testing revenue assumptions and protecting GOP.
Capital Expenditure Planning
Independent assessment of FF&E reserves and capex proposals, with owner-side prioritisation of spend against return.
Revenue & GOP Benchmarking
Benchmarking the hotel's occupancy, RevPAR and gross operating profit against the competitive set and against the operator's own managed portfolio.
Owner-Operator Relationship Management
Structuring and managing the ongoing relationship with the operator so disputes are resolved before they escalate and the agreement is working for both sides.
Exit & Agreement Renegotiation
Advising on performance-test triggers, exit clauses and renegotiation when an agreement has run its course or a better operator exists.
Your interests represented, every month
Monthly performance reviews
A structured review of trading results, cost lines and guest scores — with issues flagged before they become patterns.
Budget challenge
An owner-side review of every budget cycle, testing the operator's assumptions against market data and prior-year actuals.
Capex oversight
Independent sign-off on capital proposals, with return assessment and owner-friendly prioritisation.
Agreement compliance
Ongoing monitoring that the operator is meeting their contractual obligations — not just their financial targets.