Hotels are different from other types of real estate investments primarily due to their daily occupancy and revenue fluctuations, the requirement for specialized management, and labour intensity. Understanding the cyclical nature and dynamics of hotel markets is critical to good investment decision-making. An initial analysis of market and financial feasibility is perhaps the most important aspect in hotel investment.
Our Foremost Hotel Group have accumulated years of experience in project realization, marketing, operations management and are therefore tailored to meet each client’s individual needs. Our experience makes us ideally suited to assist you with your hotel development project, from feasibility studies to the pre-opening and opening.
Our Foremost Hotel Group have accumulated years of experience in project realization, marketing, operations management and are therefore tailored to meet each client’s individual needs. Our experience makes us ideally suited to assist you with your hotel development project, from feasibility studies to the pre-opening and opening.
The Foremost Hotel Group offers vital assistance ranging from executing and facilitating land acquisition, the design, structure, obtaining all necessary permits, coordinating contractors including architects, engineers and overseeing all construction and development to ensure timely completion that is on or under the set budget.
From start to finish, the Foremost Group specializes in turnkey development including site selection, architectural design, construction management, interior design and the purchasing of all furniture, fixtures and equipment.
"Funds & franchise - new partners?" Interview with Dr. Billand - Managing Director of Union Investment (hospitality inside, 10/01/10)
From start to finish, the Foremost Group specializes in turnkey development including site selection, architectural design, construction management, interior design and the purchasing of all furniture, fixtures and equipment.
"Funds & franchise - new partners?" Interview with Dr. Billand - Managing Director of Union Investment (hospitality inside, 10/01/10)
Feasibility Assistance
- Analyze and verify feasibility studies
- Assist in site selection and evaluation
- Coordinate hotel demand studies
- Prepare investment calculations and financial reports
- Prepare preliminary construction and cost estimations
- Negotiations on land acquisitions
- Liaising with Lawyers and Tax advisors
- Assisting with Notaries
- Coordinate hotel room design and F&B areas
- Coordinate the architect, general contractor and/or interior designer
- Coordinate layout/procurement of hotel furnishing
- Coordinate all computerized areas - front desk, telephone, CCTV
- Function as project manager
- Appoint a general contractor
- Coordinate input with architect, construction company etc.
- Perform pre-opening inspections for hotels
- Briefing and presentations
Interior Design Assistance
- Interview and recommend a design firm
- Assist the interior design firm with the furnishing specifications:
- lobby, corridors and meeting rooms
- rooms, restaurant and lounge area
- Create and implement the pre-opening marketing plan
- Assemble pre-opening budgets (working capital, food, beverages etc.)
- Recruit, interview and hire all key management / personnel
- Train all key personnel
- Recommend PR agency
- Establish definitive objectives and action plans for all departments
- Obtain business licenses
- Develop pricing for rooms, food and beverages
- Develop specifications and bids on building insurance
- Coordinate the procurement of guest supplies
- Interface with potential hotel concessionaires
- Develop employee benefit programme and policy manual
Current realized Hotels
- Holiday Inn Express Berlin City Centre West – 158 rooms. Opened April 2008
- Holiday Inn Express Munich Airport – 150 rooms. Opened April 2008
- Holiday Inn Express Hamburg City Centre – 179 rooms. Opened October 2009
- Holiday Inn Express Hamburg-St. Pauli Messe – 120 rooms. Opened July 2010
- Holiday Inn Express Frankfurt City Hauptbahnhof – 116 rooms. Opened March 2011
- Holiday Inn Express Dresden City Centre – 218 rooms. Opened May 2011
- Holiday Inn Express Berlin Alexanderplatz – 240 rooms. Opening Summer 2012
Foremost is looking for hotel locations in German cities
Site requirements
Location:
- Size: from 100 to 250 rooms
- Convenient for traffic and clearly visible
- Lively surroundings (offices, restaurants, bars etc.)
- Good connection to public transportation
Contract:
- For purchase or rent
- Rental Agreement: contract period of 20 years plus 2x5 years option
- Double Net
We are looking for locations for our new Holiday Inn Express Hotels in:
- Bonn
- Bremen
- Düsseldorf
- Freiburg
- Hannover
- Cologne
- Mainz
- Mannheim
- Munich
- Stuttgart
- Würzburg
