CONSULTING
Most investors in the industry do not initially realize that investments in hospitality involve multiple & complex factors, each of which can unduly influence the success of such ventures. This is true for foreigners as well as local investors. A typical hotel investment project comprises of the following milestones:
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FeasibilityBasic ROI & evaluation of various options & desires of the investors; essentially the business proposition.
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LocationRenowned hotels all over the world stress the fundamental importance of Location, Location, and Location. We need to get that right first!
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Land PropertyClear title & long leases all require sound legal advice & reliable sources including proper valuation.
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ApprovalsThe One-Stop Shop never was. Approvals are absurdly tedious and long winded even with BOI participation.
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ConceptsDetermination of best options; resort or city, 5 Star or budget, franchise or ownership. All have to be carefully considered.
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Design & Architecturebig name architects do not guarantee good design. Positioning & branding is vital; a great brief will produce a great hotel!
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Building & FinishingConstruction & ambience emphasizing quality with timelines save considerable costs.
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HRMPicking the Head & the Team is a formidable challenge that begins 06 months before launch.
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OperationsManaging a hotel based on a budgetary framework and competitive parameters is a regular on-going task.
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Asset managementPushing accountability & performance relentlessly to reflect sound industry standards.