Hiring a qualified management or hotel development company is essential to the success of a hospitality project. Spending the appropriate resources to identify the most qualified companies ensures that your property has the right resources it needs to be successful.
Our RFQ preparation and solicitation process assists clients in identifying appropriate management companies and developers for all types of hospitality projects. Our goal is to have our clients receive proposals from competent and competitive companies that share similar goals and vision for the project.
For a developer solicitation, we prepare the solicitation of interest and submit it to Hotel Online and Hotel News Now, widely-read daily news services in the hospitality industry. We also forward it to a select list of H&LA’s development contacts and advertise it in our company newsletter.
For a management company solicitation, we forward a solicitation of interest to various companies within our database that operate hotels that are similar to the subject and operate in a similar region. We assess potential interest in management of the proposed hotel, qualifications of the management company, and other considerations that are important in selecting the appropriate company to solicit.
For both solicitations, interested parties are asked to contact H&LA to receive the full RFP and the feasibility study for the project. We prepare the RFP utilizing information from the market feasibility and financial analysis study, as well as any additional information provided.