Newfield Enterprises International / Real Property Management, Inc. | For a five-year period, provided asset management and owner representation for the property, including re-branding the Los Angeles hotel to a Marriott Hotels franchise managed by Outrigger Hotels U.S.
As a real estate consultant, a project feasibility study and due diligence review was prepared for the proposed Monterey Plaza resort hotel, to be located in Monterey, California.
Our development consulting work included an analysis of market support for the project, hotel financial projections, preliminary capital budget, an entitlements and permitting assessment, and facility recommendations for the planned hotel development. Meeting space and meeting room configuration recommendations included an overall sizing recommendation, at 18,000 to 20,000 SF of space.
The site for the resort hotel was situated along a rocky beach overlooking Monterey Bay, in the Cannery Row district of Monterey. Cannery Row is the historic waterfront street which at one time was the site of a several sardine canning factories, the last of which shuttered in 1973. Cannery Row was made famous in a 1945 novel set during the Great Depression, by author John Steinbeck. Monterey’s Cannery Row district is also home to the famed Monterey Bay Aquarium.
Subsequent to preparation of the project feasibility study and due diligence, and full project design, this 290-room resort hotel was built and opened as one of the premier independent properties of the Monterey (California) region. The hotel is located at 400 Cannery Row in Monterey, California and is now operated by Woodside Hotel Group.
Mountain Funding, LLC | Program management of initial Phase 1 construction for resort and fractional ownership hotel development in coastal Santa Barbara.
Construction scope primarily site prep, de-watering, and driving of pilings. The property was subsequently sold to 35 Hotel Street Partners, an affiliate of Woodridge Capital Partners LLC.
The La Entrada project was at the time entitled for a 114-room luxury hotel, nine fractional ownership units, and 21,557 square feet of retail space with open plazas, paseos and gardens. The resort architecture evokes the Spanish Colonial Revival style long-admired in Santa Barbara. The Hotel Californian, a small commercial hotel that is part of the redevelopment plan, was built in 1925 as one of the first buildings to be designed in the new Spanish Colonial Revival style envisioned by city leaders in the 1920’s that now defines Santa Barbara.
Our client work here was part of our ongoing hotels and resorts development consulting practice.
Saudi-Egyptian Red Sea Investment Co. | As hotel (and resort) development consultants we provided a market study with project development costs and financial projections for this major 82-acre resort development in Hurghada, Egypt.
The property for development was first purchased in 1993 and experienced a long holding period awaiting construction permits, followed by litigation regarding the public beach road that traverses at or about the property.
The ownership group was represented at the time by Abdul Aziz Al-Shehail.
Development consultants for resort hotel project in California, in the Buellton (Solvang) area of the Santa Ynez Valley. Our work included a market and financial feasibility study for the project, with facility and branding recommendations. Meeting space recommendations called for approximately 15,000 to 17,500 SF of space, later designed at built at 14,750 SF.
The work product was prepared to support the financing of this to-be-built resort hotel. The largest feasibility question for the project was its potential market capture given its location just outside the major concentration of Solvang hotels. Despite being outside the Solving central business district, hotel project was to be situated with substantial visibility and adjacency to Interstate 101, one of two major entries to the Solvang tourist district.
Our work here as hotel project development consultants included lodging brand “flag” alternatives for this 175 to 200 room property, for owner consideration. The initial assessment at the time, was that the potential guest demographic and hotel operator reservations system, was best met with the Holiday Inn brand.
The Buellton area is situated just west of the scenic themed Danish community of Solvang, California. Both communities are located in the Santa Ynez Valley region of Santa Barbara County, a closely-controlled urban growth area.
Following our here as hotel development consultants for this resort hotel, the hotel was developed and opened as a 163-room Holiday Inn, and later re-flagged as a Marriott Hotel. The property is located at 555 McMurray Road in Buellton, California.