1992-05-18 Regular Meeting - Laserfiche WebLink

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I , , I I I I . I I - ~ _ 4 -- -. -~ e e Mr. Robert Herrara City of La Porte May 12, 1992 Page 2 Specifically, we understand you require advisory services to: ~ Analyze and profile the market with respect to potential demand for lodging accommodations, including: ~ ~ individual commercial travel; ~ ~ local and regional meetings; and, ~ ~ leisure demand. ~ Assess the competitive supply of hotels for each of the relevant demand segments; ~ Analyze historical operating information for hotels of similar size and rate structure and catering to similar markets; ~ Estimate levels of occupancy and average daily rates for the subject hotel; ~ Estimate the attainable financial performance for the subject hotel; and, ~ Prepare a written report summarizing the findings. OUR APPROACH The approach we have formulated for this project is designed to leverage the strengths of our consulting team to provide the City of La Porte with the most effective and cost-efficient recommendations. We will utilize our in-house databases and our knowledge of the hotel industry to streamline the engagement, while staffing the project with proven professionals to ensure the highest quality standards. To accomplish these objectives, our advisory services will include the following steps: ~ --. Proiect Bacqround. Site and Market Overview ~ -. ---'18 ~ CI ~ - --. --",--- ~ Meet with you and your associates to clarify and expand upon our understanding of the project and your objectives for the study.