1992-05-18 Regular Meeting - Laserfiche WebLink

Browse Search

. I ~ =- =iiiiiiiiiiii ;...'..-J.... '1,~ . g - M~ ~. " IT... ~ -1 ~~I 1 ~r J Coopers & Lybrand _fied public accountants in principal areas of the world 1100 louisiana, Suite e Houston, Texas nOO2 management consulting services division telephone (713) 757-5200 facsimile (713) 757-5249 May 12, 1992 Mr. Robert Herrara City Manager City of La Porte P. O. Box 1115 La Porte, TX 77572 Dear Mr. Herrara: Coopers & Lybrand is pleased to have the opportunity to present this proposal for a market study, for your internal use, for a proposed hotel to be located in La Porte, Texas. We believe this proposal demonstrates our understanding of your needs and our sincere interest in effectively responding to them. We believe that our firm's industry experience and thorough understanding of the project specifics provides us with a unique insight into the project, and will allow for quick and efficient focus on the project's key issues. This letter summarizes our understanding of the study objectives, our approach, the engagement team, duration, fees and expenses, and certain terms and conditions of our work. OUR UNDERSTANDING It is our understanding that the City of La Porte is analyzing the potential development of a new hotel on a site at Sylvan Beach. The proposed hotel is intended to serve the needs of the local La Porte business community, which has expressed strong interest in a hotel facility. The hotel will also serve the needs of the other visitors to the La Porte area. The proposed hotel will be owned by local La Porte investors and managed by Sunbelt Hotel Corporation. While the individual commercial market is expected to be a principal demand source for the hotel, demand must be supplemented by commercial groups and leisure travelers. The specific focus of this engagement will be to concentrate on evaluating the attainable demand levels and prospective financial performance of the proposed hotel.