Below are some, but not all, of the services which Lester Hotels Management Services can assist in with regards to hotel feasibility studies.
Is your concept sound, do you need a second opinion or do you need a professional study for a lender? Let us do the work and take some of the guesswork out of the equation.
We know and understand the hotel market. We can provide you with a comprehensive and professional evaluation, invaluable for accessing funding. Or maybe you’d like us to provide a second opinion on your idea.
We can plan and estimate your project refurbishment costs and provide P&L forecasting, supplying you and your investors with the most accurate possible numbers. In this instance, nobody likes surprises.
We will forecast your return on investment using operation profit and asset equitable growth forecasts. How much can you expect your property to increase in value? We can tell you, and we can tell your co-investors.
Have you considered alternative options for your project? Could mixed use improve your project, get access to more funding, mitigate risk or increased returns? Including mixed use, such as residential, retail or student housing, could generate more guaranteed income. These are all areas we have invested in, we know what works, we know what will work for you.
All of the services listed on our website can be contracted individually or together under one holistic hotel management agreement. We work on open rolling annual contracts on the basis that if we do a great job, you won’t want to let us go! But equally, you only have to pay for what you need and nothing else – we believe it’s all about adding value at every step.