Pictured: The $25 million, 148-room Marriott Residence Inn in Hillsboro, Oregon currently under construction.
6 Cornerstones to Developing a Powerfully Profitable Hotel
We treat your money with the same care as our own money, so we are very particular to make sure every dollar spent is spent wisely. This means legendary attention to details combined with a constant eye on the overall strategy in order to build a great, highly profitable hotel. To this end, we meticulously and relentlessly implement the following 6 steps:
1. Finding: We find those rare locations that have true development potential.
2. Cultivating: By cultivating positive relationships with city officials and other stakeholders, we ensure seamless progress from beginning to end.
3. Partnering: We specialize in partnering with local landowners or hotel owners to ensure maximum profit for everyone.
4. Designing and Branding: Each market and location has a hotel brand or independent status that is optimal, and we customize each hotel’s amenities into the perfect fit for that locale and the economic bracket of the targeted customer.
5. Funding: We attract capital with favorable terms through rigorous feasibility analysis and projections of a site’s expected profitability.
6. Building: We work very closely with builders as this is essential to ensure things are done right and done economically, from the bid process all the way through to the final nail.