Professional Summary
Siddharth Thaker, MRICS is the Managing Partner at Prognosis Global Consulting; a full service Consulting, Asset Management & Advisory services firm focused on Hospitality, Leisure and Food Services industry in the South Asia Region.
In over 16 years of consulting experience, he has lead various Strategic Advisory and Asset Management engagements, and undertaken 300+ Transactions Advisory, Feasibility Studies and Valuation assignments for major Hotel Brands, Institutional Investors and Individual Owners across various markets in South Asia.
Prior to incubating Prognosis Global Consulting in 2011, he was Managing Director, South Asia at HVS Asset Management and Strategic Advisory. Before leading the Asset Management and Strategic Advisory group, Siddharth was the Executive Director at HVS Consulting and Valuation Services.
He has also worked as Revenue Manager with Le Meridien Hotels & Resorts with engagements in the Middle East and West Asia Region and with the Taj Hotels, Resorts and Palaces as a Revenue Management Executive.
Siddharth holds a MBA (MMS) with specialization in Advanced Financial Management, a Bachelors degree in Economics and Financial Accounting from Bombay University and has perused Professional Development Program in Real Estate Finance and Investments from Cornell Nanyang Institute in Singapore. Siddharth is also a member of Royal Institute of Chartered Surveyors (RICS).
Professional Skills Highlight
- Feasibility and Financial Validation Studies
- Land, Asset and Portfolio Valuations
- Transactions & Investment Advisory Services
- Entry Strategy and Expansion Planning
- Brand Strategy & Management Contract Negotiations
- Asset Management
- Hotel Operations Advisory
Work Experience
Prognosis Global Consulting - Managing Partner
April 2011 - Present
Prognosis Global Consulting is a full service Consulting, Asset Management and Advisory services firm focused on Hospitality, Leisure and Food Services industry in South Asia Region.
Responsible for the overall strategy, business development & client services delivery
HVS - Managing Director - Asset Management & Strategic Advisory - South Asia
2009 - 2011 (3 years)
HVS is a global consulting and services organization focused on the hotel, restaurant, timeshare, gaming, and leisure industries.
Responsible for the incubation, strategic planning and growth of the HVS Asset Management & Strategic Advisory business for South Asia including its overall client delivery and services management from 2009 till 2011.
HVS - Executive Director - Consulting and Valuation Services – South Asia
2007 - 2009 (3 years)
Lead various Transactions & Strategic Advisory Engagements, accessed Feasibility Studies, Valuations, Operator Searches, Management Contract Negotiations and Market Studies for major Hotel Brands, Institutional Investors and Individual Owners across various cities in South Asia.
HVS - Associate Director - Consulting and Valuation Services – South Asia
2006 - 2007 (2 years)
Primary job responsibilities included business development, conducting feasibility studies and hotel valuations, development strategies and site evaluations, branding and management contract evaluations for clients
HVS - Senior Associate - Consulting and Valuation Services – South Asia
2005 - 2006 (2 years) ;
HVS - C & V Analyst - Consulting and Valuation Services – South Asia
2004 - 2005 (2 years)
Primary job responsibilities included conducting feasibility studies and hotel valuations, development strategies and site evaluations for clients
Le Meridien Hotel & Resorts - Revenue Manager – Middle East & West Asia
2002 - 2004 (3 years)
- Pre-opening management team - Le Meridien Hotels in Kuwait City (July 2003 till August 2004)
- Pre-opening task force - Le Meridien Tashkent Palace Hotel, Tashkent (April 2003 Till June 2003)
- Pre-opening management team – Le Meridien Al Aqah Beach Resort, Fujairah. (October 2002 till April 2003)
Job responsibility was to maximize revenues and hotel income through implementation of proactive selling strategies & action plans that were aimed to deliver planned annual budgets.
Taj Hotels, Resorts & Palaces - Revenue Management Executive - North Goa
1999 - 2001 (3 years)
Job responsibilities included demand forecasting, trend analysis, review of pricing and sales strategies for three resort hotels; Fort Aguada Beach Resort, Taj Holiday Village and Taj Aguada Hermitage. Job responsibility also included setup and daily operation of central reservation office for the three resorts.
Special Projects
Dun & Bradstreet Credit India Ltd
Year 2000-2001. 4 months Internship Program
Credit risk appraisal of top 1,000 registered companies in India including analysis of industrial outlook for the South East Asia region and forecasting company growth trends.
Educational Qualifications
PDP IN REAL ESTATE INVESTMENT AND FINANCING
Cornell Nanyang Institute of Hospitality Management, Singapore (Class of 2006)
MASTERS DEGREE IN ADVANCED FINANCIAL MGMT. (MBA)
K J Somaiya Institute of Management Studies – Mumbai (Class of 2000-01)
BACHLOR DEGREE IN ACCOUNTING AND ECONOMICS
Jai Hind College- Mumbai University (Class of 1994-95)
