We have an iterative process using data, a network of industry contacts, and "boots-on-the-ground" interviews to assist you in selecting and evaluating your potential hotel site.
Programming can include recommendations for the number of rooms and suites, room mix, size of meeting and banquet space, parking, back of the house requirements, and supporting amenities.
Our guidance through the evaluation of your brand and franchise options can make a difference in your returns. The brands each have national rev pars, development costs, and franchise fees. Selecting the available brand that will have the highest rev par relative to cost is crucial in maximizing your project return.
We can recommend hotel-specific architects, designers, general contractors, and procurement companies with proven track records.
We can quickly produce a 5-year income Pro Forma and/or facilitate “first blush” cost estimates. Our point of differentiation is the depth of operating knowledge relative to most who do this work. We understand what is behind the numbers.
The decision that will most impact your NOI is the selection of the management company, more specifically, who you approve to be your General Manager. We have selection tools that can maximize your chances of success.
For select owners, we will provide full oversight responsibilities from predevelopment through operation.