Purchasing is necessary for the proper day-to-day functioning of hotels and resorts, but it is also a key component of expense control. At First Carolina Management, we review vendors and costs monthly to ensure the lowest possible expenses for our hotels, and we also negotiate company-wide vendor pricing wherever we can to find the best prices possible.
Capital projects are absolutely crucial, as they can make or break any hotel. We have extensive experience in managing capital expense items and project purchasing. We also take special care when choosing between repairing and replacing capital expense items, analyzing the return on investment of capital dollars during our decision-making process.