Hospitality Development and Project Management

HRV provides full-scope hospitality Development and Project Management services for hotel, resort, and resort-residential projects across North America and the Caribbean.

Using a collaborative approach with all project stakeholders, HRV helps create highly marketable environments with lasting aesthetic, lifestyle and economic value.

The HRV team has the experience-based knowledge and performance-proven capability to manage all aspects of a project from design through construction, operator turnover and contractor closeout, including managing the flow and accuracy of communication and documentation between the owner, lender, design team, contractors, governmental authorities, consultants, and the operator.

HRV strives to add value at every level of the project process. Throughout the project, HRV drills down on organization, scope, cost, schedule, and constructibility, while maintaining the design integrity and operating efficiency of the product.

HRV’s hospitality industry relationships allow it to assemble and manage the best and most project-appropriate design, engineering, construction, and specialty consultants for each project.

Project Management

• Design program consultation and analysis
• Construction feasibility analysis, including parametric construction cost estimating
• Pre-development management, including infrastructure analysis, permitting and utility applications
• Design and engineering consultant selection and management, including contract negotiation and management
• Project management systems, including budget and schedule production and control and project status reporting
• Project cost accounting
• Contractor and consultant payment application review and recommendation
• Lender and equity investor draw funding request documentation
• FF&E and OS&E purchasing agent selection and management
• Operator interface, including technical services, pre-opening, and operator turnover
• Punch list and project close-out management and administration

Development

HRV Development services typically include the Project Management scope listed below plus some or all of the following scope:

• Financial feasibility analysis, including financial modeling
• Project equity and debt financing
• Design and engineering team selection
• Strategic positioning, including assistance with brand/operator selection and negotiation
• Project and venture level accounting, cash flow forecasting and financial reporting