Feasibility

1. 1. Facility Evaluation, Feasibility and Analysis
   

1. Assist in the selection of feasibility consultant and establishment of criteria of feasibility study.
   

2. Oversight of and collaboration with the feasibility consultant in the preparation of professional demand and feasibility studies.
   

3. Preparation of preliminary hotel facilities and design criteria.
   

4. Preparation of preliminary development cost budgets.
   

5. Preparation of income and expense pro formas.
   

6. Preparation of investment analysis and return projections.
   

7. Evaluation, modeling, and recommendation of various ownership scenarios.
   

Pre – Construction

2. 2. Design, Development and Financing
   

1. Establish and monitor selection process for general contractor and major subcontractors, architect, interior designer, engineers (civil, mechanical, electrical, structural), and other specialty consultants.
   

2. Monitor all pre–development and entitlement activities, including zoning, permitting, licensing, soil testing, pre–construction evaluation, etc.
   

3. Finalize development cost budgets.
   

4. Review the initial schedule as well as any revisions to the schedule with the general contractor and provide input to ensure the most efficient and timely completion of the facilities and lowest construction interest costs.
   

5. Assume leadership for the legal aspects of the transaction, including the negotiation of dozens of agreements, including as necessary, ground lease or other instrument(s) of land conveyance, trust agreement, construction agreement, agreements associated with operations as further detailed in Section II.3.A, and many others.
   

6. Provide vital input as to the programming and design of the hotel facility, and provide leadership and oversight of the design and construction team in the preparation and completion of the hotel facility design and construction documents to ensure a cost–effective, operationally efficient facility that is consistent with hotel brand standards which will maximize long–term profitability for you.
   

7. Evaluate potential financial structures and negotiate terms of public investment (if desired), its bond counsel, financial advisors, underwriters and their counsel.
   

8. Participate in development of bond offering documents (if desired) and subsequent bond marketing efforts with the investment bankers for bond–financed developments.
   

9. Arrange conventional debt and equity financing for privately owned developments.