Our hospitality consultants are headed to Batavia, New York; Port Clinton, Ohio; and Cincinnati, Ohio this week for fieldwork and research related to a hotel appraisal and hotel feasibility studies.
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July 19, 2020
A hotel feasibility study is generally required by the mortgage lender or investor before a developer or organization is able to move forward with constructing a new hotel. Typically completed by an independent third-party consultant who specializes in analyzing hotel projects, a feasibility study determines whether a proposed hotel development is economically feasible and ifREAD MORE