Hotel Berlin Kreuzberg

Assessing the suitability of the site for a hotel development.

Analysis of micro-location, accessibility, infrastructure, surroundings and relevant demand drivers.

Research and evaluation of the Berlin hotel market and the competition in the relevant catchment area.

Examination of target groups, offer structures, room rates, occupancy potential and positioning options.

Bringing together the location-related, planning and economic conditions.

Evaluation of possible hotel concepts, room numbers and space programmes, taking building regulations into account in coordination with the specialist planners.

Developing a hotel concept suited to the location.

Defining target groups, quality level, room mix, service offer and public areas, and aligning them with the owner and potential operators.

Preparing a business plan with assumptions on occupancy, average room rates, revenues and operating costs.

Reviewing economic viability and deriving a sustainable rent level.

Supporting investment planning, taking into account construction costs, equipment, ancillary project costs and contingencies.

Reconciling the total investment with the operating concept and the achievable rent.

Advising on the planning of rooms, room categories, lobby, breakfast and lounge areas as well as back-of-house and ancillary spaces.

Optimising the space allocation with regard to guest experience, operational processes and economic use.

Aligning the requirements for furniture, fit-out and operating equipment – including FF&E and OS&E.

Supporting budgeting and the allocation of responsibilities between owner and operator.

Bringing hotel operating requirements into planning and construction.

Supporting coordination between owner, architects, specialist planners, contractors, trades and the future operator.

Contributing to the preparation of hotel-related tenders and specifications.

Supporting bid comparisons and award decisions with regard to quality, functionality, cost and operational suitability.

Identifying and approaching suitable hotel operators.

Preparing the project information, accompanying operator presentations and comparing the concepts and economic terms offered.

Assessing the experience, references and financial capacity of potential operators.

Reviewing conceptual fit and the proposed securities as the basis for long-term cooperation.

Supporting the economic and operational contract alignment together with the legal advisers.

Addressing key points such as term, rent model, indexation, securities, maintenance, equipment and handover conditions.

Coordinating project processes between planning, construction, equipment and operator takeover.

Tracking open decisions and coordinating the interfaces relevant to handover and opening.

Supporting the handover to the operator.

Helping to document outstanding work and defects and coordinating their further handling with the responsible project partners.

Supporting opening preparation on the owner’s side.

Aligning the structural, equipment-related and organisational prerequisites for the hotel operator’s takeover and start of operation.

Successfully supporting the long-term lease.

Structuring the relevant property, project and contract documents as the basis for ongoing asset management, a later data room and due diligence by potential investors.