With 15 years of global experience under his belt, Govinda continues to push the frontiers of the real estate industry in Colliers to help his clients prepare for the future of Hospitality and Leisure.
How long have you been in the real estate industry, and what are some memorable moments in your career?
I have been working in the real estate industry for 15 years, would you believe it! This all started with undertaking asset management for a sovereign wealth fund after being the financial controller for one of their London's properties.
This then expanded into management consulting and valuation reviews for one of the top 10 global accounting firms, where I honed my real estate skills and experience across EMEA.
With Asia investing significant sums in infrastructure and urban regeneration, it was only a matter of time before Asia beckoned and my journey with Colliers began.
Tell us a bit about your role and what do you find most fulfilling about your job?
I lead the specialist hotels and leisure valuation and advisory practice focusing on Asia mostly.
I am also assisting Asian based clients with outbound investments further afield given my global experience. This includes advising on hotels, casinos, golf courses, MICE venues and attractions like theme parks and even national and local tourism strategies.
What's the most fulfilling? The ability to travel and see the world whilst also advising on sustainable developments that will make a difference in everyday life.
What are the top 3 tips for hotel owners to increase the value of their asset?
Tip 1: Recruit the right General Manager from day 1 – any hotel is only as good as its GM.
Tip 2: Ensure the management team is aligned with your (owner) objectives from the outset, whether independent or chain managed. Hire a good front office manager, financial controller, sales and marketing team and chief engineer. They are the embodiment of the hotel.
Tip 3: Hotels are specialist animals with dynamic operations – treat them as such and have specialists advise you! It's better to seek advice upfront and get it right than to do it anyway later, which will ultimately cost more in terms of advice and property costs.
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