Cities and Regions - Your questions
As a part of urban construction measures and in the case of questions for potential use of properties and existing real estate, the development of a hotel can always be considered as an option as well. Based on our long-standing experience in advising municipalities, we know what is involved for the cities with respect to the establishment of hotels. We provide you with integral bases for decision-making and, if desired, documents that can also be used publicly.
Typical Questions
Pre-Feasibility Study
The next step of the project development is a Pre-Feasibility Study, which is used as the next “stop-or-go” decision point of the hotel project. By using this survey, individuals who are unfamiliar with the branch can perceive which size and which category will fit to the hotel and the level of profits that will be derived from the business for the operator and for the investor. The Pre-Feasibility Study is highly suited for the first contact to potential operators - presuming the simplified conception is already transferred into an architect's plan via a room and function program.
Services:
- Analysis of the market, site and the competition
- Simplified conception
- Raw economic forecast
Next step: enlargement to a Feasibility Study for the acquisition of operators and investors.
Acquisition of the Operator
A suitable operator is the crucial success factor for a hotel to acquire lasting profits. We know the requirements of the operators and are aware of their strengths and weaknesses. The goal is to accelerate and simplify the often tedious process of acquiring an operator thanks to our excellent contacts to decision-makers within the hotel operators.
Services:
- Development of a concept and pre-selection of a suitable operator
- Creation of exposés and information material
- Support during contract negotiations
- Handling the interests of the Owner/ Constructor
Next step: Financing
Hotel Market Surveys
Goal: developing a neutral decision basis for hotel developments in cities and regions
Services:
- Analysis of the local and regional hotel market,
- Evaluation of the development potential and derivation of the need for new hotels,
- Recommendations regarding the conception of new hotels and therefore appropriate locations (alternatively: evaluation of determined sites).
Next steps:
Search for investors and operators
Quick Check
Based on the initial project idea, the Quick Check
already gives an indication to the project initiator if the hotel development is worth following up. Created as an internal decision basis, the hotel check quickly and informally reflects if a specific site is suitable for a hotel, which type of operation is suitable for the site according to the market needs and if appropriate operators are available.
Services:
- Brief site analysis on location or via desktop research
- A first brief appraisal of the market and crowding-out potential within the competition
Next step:
assuming a positive evaluation, the Quick Check is the basis for a pre-feasibility study
New hotel worthwhile?
Does our hotel market support a new hotel and/or is there adequate demand in this respect?
We can show you whether it is worthwhile establishing a new hotel in your hotel market and, if so, to what extent and under which conditions through a Hotel Market Surveys.
City sites suited to hotel operation?
Are the available properties/real estates in our city suitable for use as a hotel?
We can provide an initial indication of whether or not the available properties/real estates in your city are suitable for a hotel operation on the basis of a Quick Check. This serves primarily as an internal decision-making basis. During a Pre-Feasibility Study, we provide you with results that are also suitable for approaching investors and operators, and which, if necessary, also include an analysis of potential.
Suitable hotel operator?
Which hotel operators can be approached for our hotel project?
Precisely at smaller, less well-known locations (and thereby those needing clarification for outsiders), it is often difficult to find a suitable operator. We support you in the context of a search and Acquisition of the Operator. Nevertheless, generally speaking, a prerequisite for this step is a Pre-Feasibility Study or a Hotel Market Surveys which shows the operator that there is the need for a hotel.
New hotel as tourism driver?
Which effects does the hotel settlement have on the location in general and on the existing hotel market?
We answer this kind of question in the course of a Hotel Market Surveys, which serves the city and potential investors or hotel operators as a basis for future hotel projects or questions on the local hotel market.
How to raise local demand?
How can the city have a lasting positive influence on the demand for overnight accommodation and thereby drive up the hotel market?
In the context of Hotel Market Surveys, we analyze the local demand structure and highlight individual solutions that can be applied to raise the local demand.
Hotel as part of infrastructure project?
Can a hotel be realized in our city as part of a major project e.g. with Conference Center?
Projects of this kind, like those currently already being implemented in some cities, can be thoroughly promising. By using a Pre-Feasibility Study, we can show whether or not the new demand created through this infrastructure justifies a hotel and, if so, to what extent and which concept can be used to make it successful over the long term?