Hotel Development Consultants Archives

Feasibility Study for Hotel Project

Feasibility study for hotel project at LAX in Los Angeles, including market analysis, a relative order-of-magnitude (“ROM”) capital budget, facilities recommendations, and financial projections. Our financial projections included several scenarios to estimate varying potential operating results depending upon the build-out and facilities enhancement program at Los Angeles International Airport.

As hotel development consultants we provided a project feasibility report, including market analysis with financial projections, facility recommendations, and hotel franchise affiliation recommendations, for this (then) planned commercial hotel situated along Century Boulevard at the Los Angeles International (LAX) Airport.

The facility was eventually designed for 747 guest rooms within a 12-floor building envelope. An interesting aspect of the hotel feasibility analysis was identifying the facilities and amenities to attract business travelers to stay in the airport area rather than the extensive overnight accommodations available throughout Los Angeles.

Our work was prepared for Watt High-Rise, Inc., then an operating division of the Watt Companies. Inc. headquartered in Santa Monica, California. Watt Companies has developed a diversified portfolio of real estate properties, including commercial real estate, hotels, and master-planned communities.

The property opened as a Stouffer Hotel and was later re-flagged as The Westin Los Angeles Airport. Our work as development feasibility consultants in preparing the project feasibility study for this hotel project, was completed prior to the branding change from Stouffer branding to Westin.

Nalubaale Resort at Lake Victoria – Project Feasibility Analysis

19.08.2018 Hotel Development Consultants, Site Planner

Initial resort project feasibility and conceptual site master plan for destination resort on the shores of Lake Victoria, near where Owen Falls existed in Uganda.

Facilities were envisioned to include a main hotel building (lodge), garden attraction, marina on Lake Victoria, a cultural venue, and other venues. “Nalubaale” is the Uganda name for Lake Victoria.

For this hotel development consulting assignment, interesting site design issues included significant elevation changes between the lake shore part of the site and the upper site hilltop.

Hotel Development Consultants - project feasibility consultants

Kuki’o Beach Resort at Kuki’o Bay

19.08.2018 Experience with C-Store Fueling Stations, Golf course redevelopment and adaptive re-use, Hotel Development Consultants, Project Consultants for Tribes and First, Project Feasibility Consultants

Destination resort with “resort residential” housing product. Feasibility analysis including market study, financial projections, and facilities recommendations, for proposed 660-acre resort and timeshare development on the Big Island of Hawaii. The Kuki’o Beach Resort is adjacent to the Four Seasons Hualalai Resort and situated along the Big Island’s Kona Coast.

Our hotel development consulting work was completed in support of an overall master plan for development of the property, to include low-density residential, golf, and hotel facilities.

Owner Representation for Property Buy / Sell – Seaside Resort Monterey Bay

19.08.2018 Golf course redevelopment and adaptive re-use, Hotel Development Consultants, Transaction and Dealmaking Projects

Diamond Ventures, Inc. (Tucson) | Represented seller to prospective buyer of this to-be-built California coastal resort on lands that include two existing golf courses.

Project Feasibility Study for Resort – Molokai Island

23.05.2018 Hotel Development Consultants, Project Consultants for Tribes and First

Confidential Client | As hotel-resort development consultants, we provided a resort project feasibility study with financial projections and capital budgeting, along with select development due diligence items. For a proposed resort on the mauka side of Kamehameha V Highway east of Kaunakakai on the island of Moloka’i. StoneCreek has worked with clients throughout the Hawaiian Islands preparing due diligence reviews for proposed acquisitions, conceptual approaches to resort development, and project feasibility studies for resorts, shopping centers, and planned communities.

Most of the history of the first Hawaiians in Molokai comes from chants, passed down from generation to generation, which have kept a chronology of events, battles and lineage. Captain James Cooke signed Molokai in November 1778, on his first visit to the region – the Sandwich Islands as he called them. Captain George Dixon in 1786 was the first European to actually set foot on and visit Molokai. Hawaiians first migrated to Molokai about 650 A.D., generally considered to have come first from the Marquesas, then in double hulled canoes from Tahiti and other South Pacific islands.

On the Hawaiian islands, feasibility studies for resorts can become complex, with sensibility for cultural and historical factors of Native Hawaiians requiring – always required. This project feasibility study for resort was no exception.