The issue is return on investment !
Development of a new hotel is a complex undertaking, more so than any other type of commercial property such as an apartment, condominium or office building. Only experience provides the expertise necessary to deliver a project with optimum design and efficiency, within cost parameters that ultimately enable operations success.
Hospitality America has produced numerous market, feasibility and situation analysis studies for a fraction of the fees charged by the large hospitality consulting groups. Our experience in this discipline equips us to more effectively evaluate, and assist in engaging, the work of third party feasibility, C.P.A. and appraisal firms.
Our involvement in the development or renovation process ranges from participating in a pre-assembled group, to engaging and coordinating a compatible development team typically comprising a feasibility/appraisal firm, lender, architect, civil engineer, contractor and interior designer. We will keep the project on track to avoid cost over-runs due to missed completion dates. The complex process of pre-marketing and opening the project will be directed by HA.
In the renovation of a lodging product, we recognize the care necessary to cost effectively blend the old with the new in order to produce the proper aesthetic and financial results. HA approaches each project with an entrepreneurial sensitivity to derive the "biggest bang for the buck" and quantifies the projected pay-back of each element of the renovation before proceeding. We're experienced in maintaining product consistency in phased renovation programs spanning several years.
Whether a new development or renovation, HA's mission is to deliver a product designed to compete effectively for its targeted market and to maximize your return on investment.