Project Development Services
Unique to Pearl Hospitality’s project development capabilities is the integrated approach in covering everything from initial project strategy to project management and finally, into handover of the property to the designated operator.
Through our holistic approach, we provide our clients the assurance that their properties are realized within the defined timeframe, on budget and within the specified quality parameters. We take away the day-to-day hassles to enable our clients to focus on big-picture matters. As Client Representatives, we act for the sole interest of the Client in every aspect during the project development phase. Our dedicated associates will manage every stakeholder involved whilst harnessing the power of collective teamwork in realizing your pearl.
We believe the value of a project can be greater than the sum of its parts. Pearl Hospitality capabilities in optimizing a given area program to maximize total investment yield is unrivaled in the industry. Our proprietary financial models enable us to simulate millions of what-if scenarios with an objective function of driving the bottom-line. Within a given project, we review, analyze and refine every square meter to ensure optimal space usage based on yield. Based on our quantitative intelligence, we then leverage our multi-industry experience to seek the right brand for each sub-component.
Pearl Hospitality’s Client Representation services encompass acting on behalf of the Client in dealings and ongoing supervision of all relevant stakeholders, including but not limited to: operator, consultants, sub-consultants, municipalities, and lending institutions. Our interest is a mirror image of our Clients’ key priorities; we ensure that their interest is duly protected at all times whilst delivering a project on the basis of sound financial judgment.
As market trends adjust, we adopt a flexible mindset to adjust cost-saving and profit-inducing innovative solutions. We stay creative to find non-traditional value-enhancing opportunities, and solutions to existing and potential investment challenges. In cases where a project return is sub-optimal, our solutions include:
Re-optimizing the area program
Value engineering efforts
Re-negotiations with stakeholders
Once the project development phase approaches completion, we act as intermediaries between the contractor and operator. We ensure a seamless transition by managing everything from snagging to quality compliance.
Pearl Hospitality’s prior involvement during the development phase coupled with our longstanding experience in this field enables our Clients to significantly reduce the transition time and thus commence cash flow generation at the earliest.
Managing real estate is growing riskier than ever, and hotel developers need someone who represents their interest in complex projects. Our project management experts offer a flexible and highly bespoke service based on a robust and well-proven formula for delivery. Working alongside our clients, we adopt a value-driven approach to defining and articulating business and project objectives before identifying the most effective means