Today’s businesses face an increasingly complex environment. Hotel managers of all sizes of property find themselves torn in many directions. Hotels can achieve significant advantages from utilizing support services.
Most often businesses rely on several individual companies for support services including: payroll, health insurance, human resources consulting, training for employees and managers, worker’s compensation and compliance assistance.
Lincoln Asset Management provides turnkey, worry-free hotel management, overseeing the operation of each property through a proven management structure. With a full range of resources and expertise, Lincoln Asset Management ensures that each property operates in an efficient, compliant, and effective manner while constantly monitoring bottom line results.
Consultation on Financing
A variety of services are provided to evaluate the market and/or economic viability of a new development or an acquisition of a hotel. These services include site selection, market analysis, facilities planning, franchise selection, management recommendations, market share estimates, cash flow projections, and recommendations for ownership structure.
For more than 25 years, Lincoln Asset Management has developed outstanding working relationships with leading brands of the industry. The building blocks for these relationships are respect and communication.
We provide a results-oriented strategy that drives consistent, above-average revenues to each of our hotels. Our tailored marketing initiatives are reflective of our corporate culture of excellence for each individual hotel’s market dynamics to increase occupancy and ADR.
Accounting & Bookkeeping Services
We are dedicated to our Hotels financial growth and profitability. With turnkey bookkeeping services from accounts payable/receivable to the preparation of individual and consolidated financial statements for month-end and year-end reports which include Balance Sheet, Profit & Loss Statement, and Projection & Comparison Reports. Statements include an analysis of both present and past performance and progress toward set goals.
HR Consulting Services & Administration
Lincoln Asset Management’s Human Resources and Administration services are designed to provide our hotels with up to date information on employment laws and regulations as well as provide sound advice on addressing employment issues that arise.
Employee & Management Training
Lincoln Asset Management offers management training, development of employee relations, and communications programs. Some topics for training programs include interviewing and recruitment practices, termination practices, harassment, conflict resolution, time management, motivating/mentoring, and stress reduction. We customize these training programs giving managers and employees the specific tools needed to be effective.
Lincoln Asset Management provides payroll coordination and related accounting services to ensure proper calculation and processing of payroll according to applicable state and federal laws. Wage and hour issues are extremely important and the penalties for inadvertently not adhering to regulations can make an organization’s financial security vulnerable. Consistent payroll processes help eliminate potential risk.
Lincoln Asset Management Benefits Administration service provides our Hotels and our employees with a one-stop shop for complete administration of our employee benefits package. These services include COBRA Management & Tracking, benefits, open enrollment, competitive wage analysis, and bonus structure adherence.
Workers Compensation Administration
Lincoln Asset Management provides our Hotels with workers’ compensation administration creating an environment where both they and our employees gain all the benefits of safety and risk management. They enjoy lower workers’ compensation costs and our employees appreciate our dedication to a safe and healthy work environment.