|Oak sets the foundation for a successful
financial relationship by performing a detailed analysis of the
prior to takeover. Depending on ownership’s direction and needs, a team of Oak executives is
sent to the property to
do a thorough review of the hotel's entire operation, either before
or just after the assumption of responsibility at a hotel.
On the day of takeover, a transition team comprised of operations,
sales, human resources and accounting professionals (as needed) will
be on property. They will perform an all-encompassing review and inspection
of the hotel's operation, in addition to implementing
Oak's revenue-producing, expense control, and asset preservation programs,
while working hard to ensure the onsite personnel remain calm and
focused on taking care of the hotel’s customers in house during
this difficult time for the hotel’s staff.