Parkview announces record quarter.
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Second year in a row, PHG
surpasses expectations. Both Owners & Associates reap the
benefit. It was a great thing to do when Parkview entered into a
new market niche as Managing Partner for four Condo Hotels.
It lowered the overhead costs and increased bottom line revenue by
enforcing the rule of survival: 'Sell-Sell-Sell'.
The Condo-Hotel's concept might bring multiple owners to the
table, however, the cost of running them is also reduced
dramatically.
Light, water, gas and maintenance is all paid by the monthly
assessment fees that each owner pays to the H.O.A. and the only
cost to be controlled is that of Housekeeping and Front Desk. The
General Manager through cost control will effectively increase GOP
and what remains is the accountability of revenue reporting and
payments to the owners done by the Corporate Staff, though reducing
the Administrative & General Expense.
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