Chicago, IL
Tel: 312-867-7911
Fax: 312-867-7912
Hotel Development
We are proficient in all phases of ground up hotel development and have great expertise in taking a project all the way from brand selection, hotel preliminary concept, managing the development cycle to a fully operational hotel.
The hotel development cycle includes:
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Hotel Site selections based on micro analysis of local regions, demand supply analysis in local economies and a detailed understanding of weekday and weekend business drivers for the market
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Negotiating land purchase agreements
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Concept planning, City & local municipality approvals, zoning, legal, and governmental coordination and approvals, exploring easements potential tax incentives for qualified city zones
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Identifying and obtaining franchise agreements
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Working with our longstanding partner architects, engineers and lenders
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Pro forma income and expense feasibility and construction cost analyses
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Complete coordination, management with full oversight, and execution of new ground up projects