Case Study
- PAM
Development project of the apartment hotel
Group company of major house builder
Project background and Mission
We supported a new concept hotel development project as a first deal for our client.
We utilized our development expertise and offered an advisory service to design a hotel concept from the acquisition of the land, preparing business plans, selecting general contractor and monitor construction process and project execution while solving any conflict among stakeholders.
Action plan
- Initiate and execute negotiation as member of the project team by working beyond an external advisor.
- Search for land, developing the hotel concept, analyze valuation/simulation and prepare an exit strategy.
- Setting up team structure with hotel operator and manage relationship.
- Manage relationship with architect and a general contractor during the development phase and costs estimation.
- Manage cost/time and avoid risk of overrun by attending regular meetings on site during the development period.