Developing new hotels
ALTHOUGH THERE ARE…
… similarities between hotel and other commercial property developments, hotel development has unique characteristics and requires specific management expertise. Hotels are usually “single-use” properties, whose primary revenue is generated from a service-based industry. They have a market value directly related to their ability to generate future net income by means of their operations.
The Well, Oppegård
The essence of successful hotel property development lies in understanding both the real estate market and the hotel operation in order to maximize the profit for both the developer and the operator. We understand this and can assist you in the following stages:
Zoning, land use, and approval from the municipality
Engage architects and engineers for complete plans and budgets. It is important to focus on:
Access for delivery of material & supply; storage and disposal of waste
Infrastructure internal and external to the site
Vehicular access, egress, and parking arrangement, including emergency vehicles
Relationship & access between back of house and front of house
Conduct and complete interviewing and bidding process for contractors
Establish scheduling of all building phases
Commence construction
Provide extensive construction project management services
Procurement (Furniture, fixtures, and equipment) and Operating Supplies
Begin the pre-opening process
“Punch out” final building and obtain a certificate of occupancy
Open the Hotel for business
First Hotell Strand, Sundsvall
RED Radisson, Gardermoen
Hotel Reisen, Stockholm
Renovation of
existing hotels
Hotell Klubben, Tønsberg
RENOVATION OF EXISTING …
… hotels are most often done without closing the hotel. Therefore it is important to plan and do the renovation as guest-friendly as possible, to avoid disruption to customers and minimize a dip in revenue. The key issue is to have a solid plan that gives the hotel operator information when rooms are taken out of order, and when they are ready to be sold again. Renovation of common areas like restaurants, lobbies, bars, etc. needs special focus because alternative areas and solutions must be provided.
Hotell Norge, Bergen
In the planning process it is important to focus on the following:
Access to material, equipment, plant and personnel of the contractor
Separation of guest and staff traffic from construction traffic
Minimization of dust, vibration, and noise impact on hotel operation, especially guest rooms
Access and location for hoisting, lifting, scaffolding, and temporary structure
Storage space for material, equipment, and tools of the contractor
Disposal of debris and construction waste
Impact and change to guest, staff, and emergency access & egress route
Re-organization of hotel services
Integration of new technical equipment with existing
Planning & scheduling sequence of work
Risk assessment of critical activities and construction work
Information distribution to staff regarding the timing of building work, its impact, and risk
Staged completion, commissioning, and use of new facilities and required support services
Tribun possesses valuable experience and recognizes the significance of having a project manager with both expertise in and comprehension of hotel renovation projects.
Hotel Victoria, Stavanger