Scope of Services
Market and Feasibility Studies:
We prepare in-depth studies for all types of hospitality developments, with particular expertise in hotels, casinos, and casino amenities. Our feasibility studies include a competitive analysis, facility recommendations and programming, financial projections, analysis of debt service coverage, maximum justifiable expenditure and sensitivity/risk analysis based on changes in key variables.
Hotel Asset Management:
We provide owners and lenders with the industry insight and specific market knowledge necessary to deal with hotels that may be struggling due to the current turbulent industry conditions. Through our years of analyzing hotel markets and implementing hotel transactions, we understand the competitive nuances of the many layers of hotel product, the strengths and weaknesses of the various hotel franchises, what makes a hotel successful, and the realistic life-cycle of a hotel. Our services include: owner representation; asset strategy and repositioning; and receivership.
Brokerage:
We conduct all transaction services related to the sale of hotels and resorts including complete marketing programs, asset valuation, negotiation and closing.
Litigation Support:
We provide expert analysis and testimony with respect to damage claims, eminent domain takings, real estate tax reduction, and other economic issues.
Business Plans:
We prepare comprehensive business plans for new ventures utilizing our experience in market research and analysis, financial projections, new venture financing and project documentation.
Other Business Services:
We can refer our clients to other specialists who we know and have worked with in many other areas of the hospitality industry. These services include: appraisals, property tax appeal valuations, primary and secondary project financing, architectural drawings, interior design, and marketing programs and materials.