Site Due Diligence Review Services
One of the most critical activities to achieve successful hotel development involves thorough due diligence. This process can identify critical issues early in the transaction/development review. It requires an objective and dispassionate evaluation. Services provided include:
Confirm market conditions and potential for development
Obtain/review environmental reports and title matters
Determine utility service options
Review current and potential zoning conditions
Determine options for profitable development
Project Development Feasibility Services
Market feasibility of a project must be well established in order to attract investment/risk capital. Careful vetting and selection of project consultants can save considerable time and money throughout the development cycle. Establishing realistic budgets and schedules provides the foundation for proper financial evaluation of a project. Services to be provided will include:
Identifying, retaining and actively managing the project consultant team
Developing preliminary and final budgets
Creating realistic and achievable development schedules
Preparing financial analyses to support investment/financing decisions
Determining options for profitable development
Site Value Enhancement Services
Achieving the highest and best use for a real estate asset is a complex task under ever-changing market conditions. Careful evaluation and assessment can yield increased value from the underlying asset. Services to be provided will include:
Obtaining/modifying project approvals
Developing community outreach programs to support challenging approvals
Evaluating/analyzing current operating assets to unlock financial opportunities
Evaluating options to reconfigure/expand existing developments to create more income
Services to be provided will include:
Developing a scope of construction services
Coordinating/leading contractual negotiations
Qualifying and soliciting proposals from architects, engineers and general contractors
Facilitating team integration to achieve value engineering
Active oversight of construction progress and change orders
Achieving successful project close-out and client acceptance
Financial auditing to ensure contract compliance
Operations
Hotelex Group, LLC will offer services in all aspects of the hospitality business including:
Operations
Sales & Marketing
Human Resources
Centralized Services
Legal Support
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