Development Issues
Investigate potential sites
Prepare program
Coordinate with chain affiliation requirements
Study competitive market
Define design criteria
Select design team
Coordinate all design aspects
Evaluate progress prints
Consult on hotel systems to be incorporated
Verify design criteria is being followed
Negotiate construction contracts
Project management, construction
Specify, order, ship and install FF&E and operating
supplies
Monthly reports to owner
Close out project development phase
Financial Issues
Identify target market
Establish market strategy
Preliminary feasibility studies
Income/expense statements 10-year financial proforma
Suggest debt/equity structure
Investigate tax implications
Suggest debt/equity sources
Evaluate financing alternatives
Place debt
Negotiate debt terms
Assemble development loan draws
Distribute funds
Financial close-out
Report to owner
Hotel Operations Issues
Identify potential affiliation - chain or independent
Negotiate franchise opportunities
Position hotel to market
Prepare hotel projections for income and expense
Develop staffing requirements
Consult on hotel design issues
Develop organizational chart
Training procedures
Hiring process
Establish pre-opening program
Coordinate marketing and public relations programs
Prepare and monitor budgets
Coordinate soft-opening
Operate hotel
Report to owner
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