Hotel Development

Royco Hotels believes in doing it right the first time, to achieve this we educate our clients through our feasibility studies, prepare them with our planning process and create a successful execution plan with our project management service.  

Our professional team will deliver a detailed and concise feasibility study that includes:

•   Ideal site selection and evaluation

•   Coordination in hotel demand studies

•   Preparation of financial reports

•   S.W.O.T analysis

Once approved we move forward with the planning and design phase of your development.   Leaving no stone unturned your services for the planning stage includes:

• Detailed Budget Plans.
  
• Create and adhere to detailed project plan which includes timelines, deadlines, payment structures and detailed phases of the project.
  
• Procurement and coordination of Licenses, Architecture Firm, Engineers, Construction firms and Interior Designers.
  
• Act as general contractor in construction phase.
  
• Source and develop contracts with suppliers and partners.
  
• Coordinate design of property layout which includes landscaping, rooms, meeting/banquet facilities, common areas, housekeeping facilities and restaurant/lounge/kitchen facilities.
  
• Coordinate and procure furnishings, décor, computer/IT equipment, telephone systems, security programs, point of sales/reservation programs, food & beverage equipment and housekeeping equipment.
  
• Continuously keeping a strong line of communication with you, our client to ensure you are informed of the progress.
  
• Develop specifications and bids on building insurance.
  

We now move to the final phase of development, the commencement phase.   Successful and profitable hospitality properties have three key areas that ensure their success, client service, competitive pricing for their market segment and comfortable surroundings.

Royco Hotels provides you with the tools to achieve these goals through:

•   The creation and implementation of the marketing plan

•   Assemble budgets (working capital, food, beverage, linens, china, etc.)

•   Recruit, interview, and hire all key management and sales personnel

•   Train all key personnel

•   Establish definitive objectives and action plans for all departments

•   Develop pricing for rooms, food and beverage, incidentals

•   Coordinate the procurement of guest supplies and employee uniforms

•   Develop employee benefit program and policy manual

With Royco Hotels experienced management team, your planning and development stage of your investment will be seamless and stress free, saving you valuable time and money.