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Clarity

Michael Thrasher

Chicago, IL

Senior-level hotel, F&B, and restaurant operations and development professional. Certified commercial and residential real estate operations management professional with an unusually strong background in residential and commercial owner’s association management; commercial office and retail center property management; as well as Stationary Engineering in Class A commercial office buildings. 5x business owner. Prior 3x Founder & Managing Partner-Thrasher Hotels & Resorts International LLC.

$2.00/min

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Commercial Real Estate Hospitality Industry Small Business Coaching Hospitality Management Hospitality Restaurant Management Energy Efficiency Commercial Real Estate Consulting Association Management New Restaurant Openings

Call me to talk about

Commercial Real Estate

With over ten years in CRE, I can assist with:

• Site selection
• NNN Lease review and negotiations
• CAM Reconciliations
• Daily Management (self or third-party selection)
• Leasing Contracts
• Required and Preventive Maintenance
• Build-out and Project Management
• RFP, Vendor procurement and services negotiation

If you're a Tenant I can help you with:

• Understanding your lease and areas of responsibility.
• Working with your landlord on past due payment plans,
repair and maintenance issues and responsibilities,
and others.

Hotel, Motels, and Resorts

I grew up running towels and ashtrays in two family-owned hotels in the midwest. After progressing my career and working for company's such as: Hilton Hotels & Resorts, Wyndham Intl. Holiday Inn Intl., Best Western, and Choice Hotels Intl., I am now the Founder & Managing Partner of Thrasher Hotels & Resorts International LLC, an international five-star luxury hotel acquisitions, development, and asset management company. I also carry a personally signed and dedicated autobiography of Isadore "Izzy" Sharp-Founder and Chairman of the Board for Four Seasons Hotels & Resorts Intl. and possess the Four Seasons and Ritz Carlton operations manuals and employee handbooks.

I can help you with pretty much anything which has to do with this asset class including but not limited to:

Acquisition (including feasibility and due diligence)
S.W.O.T. analysis
Sales and Repositioning
Franchising
Independent Operations, Sales, and Marketing
Day-day operations
Value-adds
Project Management
Customer Service
Employee Training and Improvement Programs

Additionally, since I have over fifteen years in condo association management, I can easily assist you with condo-hotels\resorts as well. Please see my expertise under associations to learn more.

Commercial Unit, Condominium, and Single-Family Homeowners Associations

During my fifteen-year tenure in association management I've managed over fifty associations containing over forty-five thousand units in the Michigan Avenue, Gold Coast, Lincoln Park, Wicker Park, Hanover Park, and West Loop areas of Chicago as well as many others located within the western and southwestern suburbs.

For your association I can help you with-

For Self-Managed condominium and residential HOA associations:

• General association management and state law adherence
• Budgeting and dues
• By-laws and Rules & Regs policies and enforcement
• Creating and implementing cost-savings cost segregation and preventative maintenance programs
• Procuring and negotiating vendor contracts
• Maintenance and repair
• Project supervision
• Insurances
• Member meetings and communications
• General association management and state law adherence
• Budgeting and dues
• By-laws and Rules & Regs policies and enforcement
• Creating and implementing cost-savings cost segregation and preventative maintenance programs
• Procuring and negotiating vendor contracts
• Maintenance and repair
• Project supervision
• Insurances
• Member meetings and communications

For the professionally-managed: Depending on the requirements of your management contract, I can:

1. Easily fill in any gaps in needs or services

2. Serve as a project manager (should your manager not do this which, many of them surprisingly don’t.), as well as,

3. Serve as an outside checks-and-balances system to ensure your property manager is doing what they’re supposed to be doing and the PM company isn’t overcharging you for monthly fees and ancillary charges. I have also helped many associations become self-managed enabling them to break away from the management stronghold and add these funds back to their bottom line.

If you're an Association Member I can help you with:

• Understanding how an association works and why they are important

• Understanding your association declaration, By-laws, and Rules & Regulations

• Working with your board or property manager on past due assessments, violations, and improvement requests

F&B and Restaurants

In addition to full F&B responsibility within three to four-star hotels, I also have experience in the build-out, project management, soft and hard opening, and daily operations and sales in the restaurant sector.

Small Business

I have started, ran, and sold five small businesses throughout my career in both the US and internationally. I can easily help you with buying, selling, operating, and improving your small business.

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Member since June 2022