Feasibility studies are conducted by investors & developers to analyse and confirm the optimal product for maximizing market penetration, performance, and the internal rate of return for the product's intended purpose. Objective and reliable information should be used to decide whether to pursue a project. The entire hotel development process can take several years, so investors and developers must bear in mind to not build a hotel that is suitable for "yesterday's" market. A feasibility study takes into consideration all the aspects of a development project that can impact its success. It includes different types of analysis that depend on the project's purpose and participants. Our expertise encompasses a range of analyses critical for successful project development.
- Thorough strategy analysis involves delving into project objectives, policies, plans, and decision criteria.
- Technical analysis focuses on identifying legal and governmental constraints, including title, zoning, and building code requirements.
- Compatibility analysis assesses how well a development project fits with surrounding land uses, municipal master plans, public policies, and environmental standards.
- Development analysis evaluates alternative land-use plans, structural designs, and utility availability to optimize project outcomes.
- Location and market demand analysis entails studying economic bases, local markets, and aggregated data to assess location suitability and market demand.
- Competition analysis examines marketing factors such as consumer behaviour, competitive properties, sales and marketing strategies, pricing, and absorption rates to inform strategic decision-making.
