Project Management Due Diligence
When you partner with Beacon Bay Project Management, you get unmatched value through our proven due diligence process.
Efficient and Easy Hotel Evaluation
Project management due diligence is an essential part of any purchase, especially a hotel. A due diligence project plan for a hotel purchase is particularly unique because the sale and purchase involve additional complexities, given the intricate nature of the interrelated business and real estate components of a hotel.
PROJECT MANAGEMENT DUE DILIGENCE SERVICES
Asset and Physical Plan Review
Inspections and Consultant Coordination
Preliminary Project Budgeting
Coordination with Hotel Management
Quality Control Review
Conflict Recommendations and Resolution
ADA Compliance Review with Designers
“They consistently deliver on time their project reports and on budget for their projects. We couldn’t be happier with them.”
– Jim Koutris, VP Renovations at The Americas, Marriott International
What Is Due Diligence in Relation to Project Management?
In the context of a hotel acquisition, due diligence is the analytic review of the real and personal property, the business operations, and potential of the specific hotel. In relation to project management, the due diligence process refers to the investigation conducted by a potential buyer of the hotel that is the target of the acquisition. The investigation covers both the physical asset (i.e. the hotel structures, parking, systems, equipment, and inventories) as well as the business operations conducted at the hotel facility, relevant markets, and other market environments.
Why Is the Due Diligence Process Necessary?
The purpose of the investor’s due diligence is to understand and evaluate a potential investment. These efforts seek to validate the investor’s reason for buying the hotel and to avoid surprises after the purchase has closed. By performing the necessary due diligence process steps in the early stages of a contract negotiation, the buyer will have more alternatives, fewer costs, and more negotiating power to deal with the issues that arise.
Get Started On Your Project
Experience the groundbreaking difference of working with Beacon Bay during your next project. Meet with one of our executives to discuss your project by contacting us today.
4100 Metric Dr #700
Winter Park, FL 32792