Hotel Development & Advisory
Our team has extensive expertise in working with developers, property owners, operators and investors to execute the below areas of Design, Development and Delivery Management for hotels, motels, resorts and apartment style accommodation.
Areas of expertise
Below are just parts of what we can provide your organisation:
- Market research including demand study and competitor analysis
- Operations / Feasibility 5 to 10 year projections
- Determining the best “owing” model based on the owner needs
- Vendor analysis solutions
- Operator selection including soliciting the process
- Increase the asset valuation
- Working with:
- Architects including design briefs, reviews, FF&E reserve and construction
management - Town planners and local councils
- Architects including design briefs, reviews, FF&E reserve and construction
These are just an example of services we can provide. Our kit is customised for each client depending on the particular needs. For more information, please contact us today for a chat or view our projects that we have completed thus far.
Our Role
We understand that not every project is the same, not every owner requirements are the same and as a result we customise our scope of works to ensure it fits your project and your requirements.
This may commence by an initial market feasibility study and operating plan where Revnmore provides research and industry information to assist developers in determining the best scenario for the site along with soliciting hotel operator selection of local, national and international operators.
As the project progresses, our experienced consultants work with architects and designers, to ensure that the design of the integration facilities meets both the client’s vision and the operator’s standard operating procedures in terms of efficiency and functionality.
Once this has been approved and construction has commenced, Revnmore can then provide important operational roles including pre-opening support and management, owner representation, operational budget development and review, marketing and promotional activities.
This supports our analogy that “good revenue managers make great asset managers” to focus on ensuring owners assets are maximising their returns. Below are services we can provide to your existing asset:
- Are revenue budgets met? Do we have the right market segmentation & strategies?
- Is the hotel achieving its fair share of the market & if not what strategies are being put to increase this?
- Attend monthly owners meeting with the hotel operators. Ensure pre & post meeting actions/reporting is completed and all accounted for.
- Advise owners/investors strategic & operational activities as agreed to and provide recommendations
- Is the property internally / externally maintaining it’s maintenance standards?
- Are expenditures controlled?
- What are the costs of your revenue channels?
- Is there an opportunity to enhance the property value?
- Is extra capital investment requirement? When, and how much?
- What is the best measurement tool? RevPAR (Revenue Per Available Room), GOP (Gross Operating Profit), TrevPAR (Total Revenue Per Available Room), ProPAR (Profit per Available Room considering distribution costs) or RevPSF (Revenue Per Square Feet)