Hospitality was the classroom. Renovations ran on site while the furniture crossed an ocean in containers, and the same projects were worked from either chair: general contractor in-house, or project manager above one. These notes are those projects, one at a time: PIP scopes, FF&E packages, takeoffs, permit sets and acquisitions.
October 8, 2008 · Underwriting
Conducting post-hurricane building envelope forensics, roof membrane assessments, and guestroom PTAC physical plant audits for Travelers Inn along the North Houston highway corridor.
September 18, 2008 · Underwriting
Airport corridor hotels run on volatile transit, airline crew, and distressed-passenger demand. Turning around an underperforming property requires daily flash tracking, strict brand QA punchlists, and direct contract room allocations.
September 18, 2008 · Underwriting
Walking the physical plant, auditing building envelopes, and underwriting franchise conversion capital reserves for an airport corridor hotel near Houston Hobby Airport.
September 15, 2008 · Underwriting
Underwriting the acquisition and Days Inn franchise conversion of a 40-key Interstate 10 roadside hotel by auditing tax receipts, inspecting the building envelope, and pricing the PIP.
September 10, 2008 · Underwriting
Walking the roof, auditing rooftop package chillers, electrical switchboards, and life safety systems for an operating Ramada hotel along the North Houston highway corridor.
August 28, 2008 · Underwriting
Executing pre-auction physical plant due diligence, county tax parcel verification, and Quality Inn PIP underwriting for a multi-building freeway hotel in Greater DFW.
August 20, 2008 · Underwriting
Auditing physical plant systems, building envelopes, and franchise conversion feasibility for a Super 8 hotel along the Northwest Houston highway corridor.
August 20, 2008 · Underwriting
Underwriting a 56-key La Quinta Inn & Suites along a North Texas freight corridor by auditing commercial room demand, housekeeping cost per key, and cap rate sensitivity.
August 15, 2008 · Underwriting
Cross-checking state Comptroller hotel tax filings against internal P&L ledgers and pricing a targeted repositioning PIP for a Ramada along the North Houston transit corridor.
August 12, 2008 · Underwriting
Valuing an urban core Super 8 property by underwriting in-place economy lodging cash flow alongside long-term high-density land redevelopment optionality.
July 31, 2008 · Underwriting
Managing acquisition due diligence, settlement statement prorations, and Wyndham PIP transition planning for an operating Days Inn in Central Texas.
July 17, 2008 · Underwriting
Underwriting industrial corridor commercial lodging feasibility, 108-room prototype spatial design, civil detention pond engineering, and heavy transit circulation for a Motel 6 development in the East Houston industrial corridor.
June 19, 2008 · Underwriting
Broker offering memorandums project aggressive occupancy growth and minimal capex. Building a real five-year hotel pro forma means auditing STAR competitive penetration and pricing the actual PIP line by line.
June 17, 2008 · Underwriting
Auditing post-opening P&L stabilization, housekeeping labor ratios, and franchise fee structures for a 71-key La Quinta Inn & Suites along a Northeast Texas highway corridor.
May 22, 2008 · Underwriting
Underwriting a high-turnover Motel 6 in a Houston airport transit corridor by auditing county property tax assessments, exterior corridor structure, and 24-hour operating costs.
May 18, 2008 · Underwriting
Auditing the multi-million-dollar capital improvement budget, central mechanical plant, and convention ballroom modernization for a full-service Sheraton in Greater DFW.
March 22, 2008 · Underwriting
Underwriting physical plant conditions, structural foundation integrity, commercial roof membrane remaining useful life, guestroom PTAC mechanical units, and franchise PIP capital reserves for a Comfort Inn on US-290 in Northwest Houston.
March 20, 2008 · Underwriting
Directing brand-mandated PIP renovations and structural building envelope remediation for a select-service Days Inn hospitality facility in Greater DFW.
March 12, 2008 · Underwriting
Auditing physical plant systems, courtyard pool infrastructure, and asset repositioning strategies for a 111-room coastal highway hotel along the Texas Gulf Coast corridor.
December 15, 2007 · Underwriting
Underwriting physical plant conditions, dual-property select-service hospitality portfolio valuation, franchise PIP requirements, and revenue metrics for a two-property La Quinta Inn & Suites portfolio across North and East Texas transit corridors.
November 15, 2007 · Underwriting
Evaluating interstate traffic capture, municipal hotel occupancy tax filings, and Choice Hotels prototype construction costs for a Sleep Inn & Suites in North Texas.
June 20, 2007 · Underwriting
Dissecting weekly STAR competitive set indices, weekday corporate demand, and departmental expense ratios to underwrite a multi-story Quality Inn & Suites in Greater DFW.
April 12, 2007 · Underwriting
Underwriting the acquisition and franchise conversion of Woodley Suites into a dual-brand economy hotel along an active commercial transit corridor in Houston.