When developing a new hotel, we follow a length and detailed process. Before entering into any development agreement, we conduct an in-depth analysis. We only take on projects where we are confident we can create outstanding value for all of the stakeholders, including investors and the community where the hotel will be built.
Our development process includes:
Site identification
Conduct detail due diligence
Negotiate acquisition contact
Obtain expert feasibility, environmental, geotechnical, title, and design studies
Prepare construction budget
Create preliminary 5-year operations budget
Draft preliminary drawings
Complete entitlement process
Engage architect and engineering firms
Arrange franchise license
Complete interview and bidding process with contractors