Development


Hotels are different from other types of real estate investments primarily due to their daily occupancy and revenue fluctuations, the requirement for specialized management, and labor intensity. Understanding the cyclical nature and dynamics of hotel markets are critical to good investment decision-making. An initial analysis of market and financial feasibility is perhaps the most important aspect in hotel investment decision-making. Our hotel consulting staff has years of experience in hotel development and operations management. The hotel consulting services we provide are unique for each project we undertake, and are therefore tailored to meet each client’s individual needs. Our experience makes us ideally suited to assist you with your hotel development project, from feasibility study to grand opening.

Feasibility Assistance
	Analyze and verify feasibility studies.
	Assist in site selection and evaluation.
	Coordinate hotel demand studies.
	Prepare financial pro forma.
	Prepare preliminary construction and related cost estimate.
Planning/Design
	Coordinate hotel room design and food and beverage areas.
	Coordinate architect, engineer, land planner, and/or interior designer.
	Coordinate layout/procurement of hotel furnishing, kitchen and lounge.
	Coordinate all aspects of computerized systems/IT.
Interior Design Assistance
	Interview and recommend a design firm.
	Assist the interior design firm with the furnishing specifications:
		Lobby, corridors and meeting rooms.
		Rooms restaurant and lounge.
Construction Project Management
	Function as project manager.
	Coordinate with architects and engineers.
	Consult with owner on bids, changes and/or selecting General Contractor.
	Assist investors with selection of architects and engineers.
	Perform pre-opening inspections and punch list for hotel.
Pre-opening Services
	Create and implement the pre-opening marketing plan.
	Assemble pre-opening budgets.
	Recruit, interview, hire, and train all key management and sales personnel.
	Secure advertising agency/public relations firm.
	Establish definitive objectives and action plans for all departments.
	Develop pricing for rooms, food and beverage.
	Coordinate the procurement of guest supplies and employee uniforms.
	Develop employee benefit program and policy manual.