Managed Hotel Rooftop Property
Opportunity
- The Hilton Waterfront at Huntington Beach is a California-based resort where several national wireless carriers utilize the resort’s rooftop to house their antenna equipment which supports their wireless network connectivity
- The Director of Finance for the resort was seeking to partner with a wireless infrastructure specialist in order to audit the existing wireless tenants’ usage of the property per the terms of their leases, maximize existing and future lease revenue, and manage tenant activities at the site to minimize disturbances to hotel operations
- Having successfully worked with Patriot Communications at another property, the Director of Finance engaged Patriot to audit the existing tenant installations and subsequently entered into a management agreement to maximize existing and future lease revenue
Everest Solutions (Patriot Communications)
- The Hilton Waterfront team decided to move forward with Patriot Communications because of our track record of creating substantial value for hospitality and other commercial real estate properties
- Once engaged, the Patriot Communications team performed a site audit of the existing tenants which resulted in Patriot recovering nearly one million dollars in back revenue for the property.
- Following the site audit, Patriot Communications continues to actively manage the site by ensuring proper tenant access protocols are followed, pursuing optimization of lease terms and growing recurring annual revenues for the property owner