Hotel Project Management & Purchasing
Hotel Project Management & Purchasing

Hotel Evaluation and Due Diligence

Wyndham Morgan Bay Resort, Saint Lucia, Caribbean

Pre-Acquisition due diligence of an all-inclusive resort property. Four day survey of 45 acre property including guestroom building, four food outlets, waste water treatment facilities, common areas and buildings, pool, beach area, jetties and seawalls. Prepared scope, schedule and budget for re-flagging of hotel to Crowne Plaza.

 

Wyndham Emerald Plaza, San Diego, California

Wyndham Garden Inn, Pleasanton, California

One-day review of two Wyndham properties for purposes of confirming owner’s scope and budget.

 

Marriott Residence Inn, Orlando, Florida

Review of recently acquired hotel and previously prepared Marriott PIP for purposes of negotiating with Marriott to reduce scope of work. After initial review, a more detailed due diligence was performed to define owner’s exposure due to polybuthlene piping, water damage, etc.

 

Wyndham Garden Inn – Buckhead, Atlanta, Georgia

Pre-acquisition due diligence of a mid rise hotel located in a central business district. Prepared scope, schedule and budget for re-flagging of hotel to a 3 ½ star hotel (Radisson, Hilton or DoubleTree). Special emphasis on elevator modernization, waterproofing of building exterior, roof replacement and asbestos abatement.

 

Pre-Acquisition Review of Multiple Hotels, Throughout the US

Review previous due diligence materials, environmental reports and PIPS on all properties prior to execution of a sales agreement. Visit each property, interview management team, review existing conditions and assemble a comprehensive list of 1 year, 3 year and 5 year capital expenditures. Prepare order of magnitude cost estimates on each item on the list. Meet with prospective buyer to review and refine lists based on flag standards for each property.