Development
With decades of “hands on” development and redevelopment experience, our team will help to ensure the success of your project.
Developing a hotel can be a tricky event.
A series of easy to make missteps can lead to a property that is overpriced or not properly positioned in its market, jeopardizing your return on investment.
We offer our real estate development experience to include multiple hotels on a turn-key and an a la carte basis. Typical development services include:
· Site selection, market/competitor review and zoning assistance.
· Franchise selection, license negotiation and relationship management during the development and operating phases to include Product Improvement Plan negotiation and the completion of renovation projects.
· Pro forma preparation with subsequent monitoring.
· Feasibility company, architect, general contractor and designer selections, agreement negotiation and relationship management.
· Reviewing the drawings for value engineering opportunities, guest flow and operating efficiencies.
· Debt and equity assistance services.
· Furniture, fixtures and equipment selection and procurement.
· Selection, design and installation of IT systems to include energy management, telephone system, property management system, television cable or satellite and high speed internet.
· Pre-operating marketing.
· Team hiring and training.
· Overseeing the opening of the hotel to the general public.