Each project in this wide-ranging sector has its own function and drivers. Developer led schemes may be constrained by an operator covenant and by the agreed lease rate per room. Important is the early conversation with operators to agree terms and bespoke specification requirements. For self-developed hotels, the achieved room rate is fundamental to success.
REAL Consulting provides cost planning and programming that inform overall agreements. We also establish with clients the need for demand-led facilities, such as conferencing and leisure/spa provision. Delivery reflects that some hotels need to open within key dates
Cultured projects tend to have a longer lead time in developing the brief and raising funding often through a lottery bid process. They are often very bespoke buildings and our understanding of complex designs allows accurate cost planning to be developed.
REAL Consulting’s – expert in resolving the multi-faceted challenges and demands of the hotel, and culture sector.