Karan Lalwani Email and Phone Number
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A strategic and financially savvy hotel asset management professional, committed to delivering bespoke services to help hotel owners maximize returns and asset value. Skilled in crafting win-win-win outcomes by harmonizing the interests of the hotel, the operator, and the owner through precise budgeting, rigorous financial analysis, strategic decision-making, and most importantly, effective communication.Asset Performance Monitoring • Budget Negotiation • Capital Expenditures • Contract Negotiation • Crisis Management • Economic Analysis • ESG • Event Impact Analysis • Feasibility Studies • Hotel Valuation • Internal Controls & Audit • Market Analysis • Operational Efficiency • Owner Relations • Productivity • Project Management • Strategic Planning • Total Revenue Management
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Director Of FinanceCorinthia Grand Hotel Astoria BrusselsBrussels, Be -
Hotel Asset Management ConsultantFreelance Oct 2023 - PresentMadrid, Spain• Pearl Overseas Investments: 1) operator search and selection for an upper upscale hotel in Conakry, Republic of Guinea (conversion from Sheraton Grand to Radisson Blu). Supported the Owner through the negotiation of the Head of Terms, the signing of the management agreement with Radisson Hotel Group, and the opening of the hotel; 2) budget negotiation and performance monitoring• Hotel REIT: conducted an operational audit for a luxury hotel working hand in hand with an international operator and the Owner. The audit included a deep review of the budget, with particular focus on productivity, resulting in a roadmap to bridge the gap from the "as is" to the objective. Optimal staffing levels were calculated and recommendations on improvements in processes were shared in a cohesive implementation plan that was broken down in various phases
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Director, Asset ManagementHorwath Htl Aug 2023 - Jul 2024Madrid, SpainWith a 100-year history, Horwath HTL is a global brand with 52 offices in 38 countries, who have successfully carried out over 30,000 assignments for private and public clients. Horwath HTL is part of the Crowe Global network, a top 10 accounting and financial services network. Assignments include the negotiation of a lease agreement with a white label operator and an international brand for a greenfield hotel project, and the preparation of market and feasibility studies. -
Senior Manager Group Controlling OperationsRadisson Hotel Group Nov 2022 - Aug 2023Madrid, Spain• Worked with Operations to improve productivity and profitability in the leased portfolio, providing recurring reports & analyses for key stakeholders, & evaluating the effectiveness of initiatives / business transformation projects laid out in the 5-Year Plan• Supported Asset Management to 1) review projections and ROCE calculations for repositioning projects presented to the Project Approval Committee (Executive Leadership Team); 2) summarise & evaluate compliance to contractual terms for the leased portfolio; 3) prepare other ad hoc reports / analyses (e.g. F&B profitability analysis including rent, summarizing clauses impacting F&B for the leased hotels)• Other ad hoc projects: 1) prepared customised analyses and reports for the COO; 2) drafted the slides on economics for 5-Year Plan reviews (for Asset Management, Operations, & F&B); 3) assisted in improving data quality; 4) trained & supported the Controllers in hotels and admin units in their adoption of SAP P2P module -
Owner Representative, Sheraton Grand ConakryPearl Overseas Investments Dec 2018 - Nov 2022Conakry, Guinea (~3Y) | Dakar, Senegal (4M) | Dubai, Uae (8M) | Vadodara, India (2M)• Reviewed the annual budget and monitored operating performance, carefully balancing the relationships between the Hotel, the Operator and the Owner• Conducted operational and financial audits, and along with the Owner, negotiated: 1) changes to the Management Agreement, 2) a flip to Franchise, and 3) the termination of the Management Agreement• Liaised with key stakeholders on behalf of the Owner, including but not limited to the lender (International Finance Corporation), IFC’s labor consultant (Ergon Associates), local and international unions (IUF), and government dignitaries• Navigated crises in the areas of health, safety, and security (COVID-19, hotel closure due to mold, violent elections, and a coup d’état)• Proposed capital projects to amend and expand F&B offering to cater to local demand, improve operating performance, and increase asset value• During COVID-19 I assisted one of the shareholders perform due diligence for investments, supported multiple startups as outsourced CFO, and provided advice on his Group's strategic planning process
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Manager Internal Controls, EuropeMarriott International Jan 2017 - Dec 2018Frankfurt, Germany (1Y) | Barcelona, Spain (1Y)• Conducted end-to-end hotel & legal entity audits, including reviewing balance sheet reconciliations & P&L statements (planning, fieldwork/testing, documenting results, preparing audit reports, and following up)• Supported the Director of Internal Controls in identifying weaknesses, developing audit tools, as well as rolling-out & managing self-audits, quarterly balance sheet & annual management agreement compliance certifications • Built and maintained strong partnerships with circa 90 hotels in Eastern and Southern Europe, ensuring that company policies are adhered to and post-acquisition finance changes are flawlessly implemented in Starwood legacy hotels• Assisted hotel process owners to strengthen & enhance processes & tools; provided training & shared best practices on the adequacy & effectiveness of accounting procedures, internal controls, & operating systems -
Compliance Specialist, East And Central Europe (Starwood Hotels & Resorts)Marriott International Nov 2015 - Dec 2016Vienna, Austria• Performed hotel and legal entity reviews as per the Regional Director of Finance (RDOF) annual review Plan (audited balance sheet reconciliations, adherence to policies & procedures, and system access), conducted exit meetings, drafted reports & followed up with action plans up until resolution of findings• Supported the RDOF and hotel DOFs (60 hotels in 11 countries) for all control self-assessments, quarterly control certifications & management agreement compliance certifications. Provided relevant training & guidance to hotel teams• Rolled out Global, Divisional, and Regional compliance projects as required• Participated in quarterly closing compliance activities (representation letter) & other tasks for the RDOF, as required: developed a User Access Review guide for hotels that became a best practice in EAME -
Assistant Director Of Finance, Hotel Prince Des GallesMarriott International Apr 2015 - Oct 2015Paris, France• Covered for the Assistant Director of Finance's maternity leave, managing a team of 6 accountants and 3 interns• Supervised the accounting and finance team, oversaw daily accounting activities, as well as the month-end closing• Supported in the preparation of the annual budget and monthly forecasts• Led the corporate internal controls audit with a green score (above 90% compliance) -
Vita / Finance Futura Program (Starwood Hotels & Resorts), The Westin Palace MadridMarriott International Sep 2013 - Apr 2015Madrid, Spain• Starwood Hotels' 18-month EMEA graduate management program in financial controlling • Performed rotations in all financial controlling positions (including that of the Assistant Director of Finance), covering all accounting roles, month-end closing, balance sheet reconciliations, SOP compliance, Owner reporting, & other tasks, as required• Provided support to the management company in accounting and finance tasks, including billing hotels for centralized services, balance sheet reconciliations, as well as other month-end activities -
Corporate Development ConsultantÅkers Sweden Ab Jun 2010 - Nov 2012Åkers Styckebruk, Sweden | London, Uk• Preparation of monthly and quarterly steel industry reports for distribution to the management team and board of directors• Supporting the Executive Vice President of Corporate Development in the preparation of the 5-Year Strategic Plan
Karan Lalwani Skills
Karan Lalwani Education Details
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Msc, Finance -
Economics -
Politics
Frequently Asked Questions about Karan Lalwani
What company does Karan Lalwani work for?
Karan Lalwani works for Corinthia Grand Hotel Astoria Brussels
What is Karan Lalwani's role at the current company?
Karan Lalwani's current role is Director of Finance.
What is Karan Lalwani's email address?
Karan Lalwani's email address is ka****@****ail.com
What schools did Karan Lalwani attend?
Karan Lalwani attended Ehl, Eada - Escuela De Alta Dirección Y Administración, Loughborough University, Queen Mary University Of London.
What are some of Karan Lalwani's interests?
Karan Lalwani has interest in Economic Empowerment, Education, Poverty Alleviation, Disaster And Humanitarian Relief, Human Rights, Animal Welfare.
What skills is Karan Lalwani known for?
Karan Lalwani has skills like Teamwork, Analysis, Financial Analysis, Management, Negotiation, English, Team Leadership, Leadership, Microsoft Excel, Sales, Finance, Business Development.
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Karan Lalwani
Jaipur -
karan lalwani
Msc Supply Chain Graduate With Expertise In Procurement, Planning, Optimization & Network DesignRotterdam -
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