HOSPITALITY FRANCHISE
ORGANIZATIONS
Contract services for:
- Product Improvement Plans
- New
construction reviews
- Renovation reviews
- De-identification visits
Benefits:
- Experienced professional PIP
- Reduced cost vs. full time employee with HR benefits
- Owner-operator
experience builds stronger relationship with potential franchisees
- Assists Development to create a win/win experience
HOTEL MANAGEMENT COMPANIES AND OWNERS
Contract
services for:
Existing Franchisees:
- Product Improvement Plan with rough
cost analysis
- Consulting with Franchisor
- Life cycle details to assist capturing your return on investment
Benefits:
- Extensive experience identifying structural changes needed to enhance the property and meet Franchisor standards
at lower cost
- Reduce costs for renovation
and assist in capturing return on investment for existing furnishings
- Negotiate with Franchisor to address realistic time lines for renovations
Due Diligence prior to hotel purchase
and Product Improvement Plan process
- Product Improvement Plan with rough
cost analysis
- Consulting with Lender and
Franchisor
Benefits:
- Knowledge of cost and extent of renovations required
- Provide professional documentation to negotiate selling price of the property
- Assist in determining which Franchisor to consider based on renovation expenses and
requirements
- Negotiate with Franchisor
to capture a fair life cycle on capital improvements and realistic renovation time lines
ASSET MANAGERS AND BROKERS
Contract services for:
- Product Improvement Plan with cost analysis
- Available for hotels, apartments, and office buildings
Benefits:
- Reduced cost vs. Hotel Franchise PIP fees
- Improve marketability of property with identified renovation expectations
- Provide rough cost analysis figures, rarely furnished by a Franchisor
- An additional tool to determine fair market value
