Today's Hotelier - October 2016 - 40

DEVELOPMENT & RENOVATION S SPOK ANE BIIL LLI LINGS TORONTO OR O D STAMFOR RD MINN MIN M MINNEAPOLIS IIN EAPO OLIS PIT TTSBURG TT SBU SBUR URG GH H CHIC CH C H AGO A O NTO O DEN ER DENV DENVE ST. T LOUIS L LOUI S LOUISVIL L OU SVILLE O VILLE E CH CHES HES HE RA RALEIG ALEIGH HE HEADQUART EAD EADQUART TERS ER RS ANGELES in terms of interest rate spreads or the amount of equity or mezzanine financing that the developer must bring to the table. There is also variation in costs of materials, labor and professional services from market to market. However, as a general rule, expect some reduction in total costs when working with an existing structure as much of the cost of site improvements, underground foundation and the construction of the structure are already accounted for. PHO PH OENIX NIX ASSEMBLE YOUR TEAM AU US ST TIN BAT ATON RO OUGE GE E SAN AN N ANTO NT NIO O ORLA L NDO O MIAMI A team of hotel industry leaders, a leadingedge deal matching technology platform, and an expansive reach with 21 offices coast-to-coast to serve your needs. Contact Sanjay Mundra, CEO today to discuss how we can serve you. (919) 789-5215 PREMIER HOTEL ADVISORS WITH NATIONAL REACH AND LOCAL EXPERTISE info@svnhotels.com svnhotels.com All SVN offices independently owned and operated. 4 0  | OCTOBER 822673_SVN.indd 1 2016 | TODAYSHOTELIER.COM 8/16/16 2:51 AM Your development and construction team should include construction management experts, a designer who is familiar with the city, and an attorney or urban planner expert intimately familiar with local planning approval, the permitting processes and the municipal power players. Also, don't forget your sometimes "not so silent" partners. They can be great allies in winning public approval and creating positive buzz for the project. These groups include the community at large, business associations, historical and preservation societies, state and city travel bureaus or chambers of commerce. With insightful development, an adaptive reuse can be a stunning physical, aesthetic and environmental achievement, as well as a practical commercial success. The overall investment prospects, especially for a prized one-of-kind structure or outstanding location, can justify the hard work involved in creating an exciting and rewarding project. ■ Stephen Siegel, principal, Hospitality Construction Project Management (H-CPM), manages a team in all aspects of renovations and construction and is a proven professional in the areas of design, engineering, contractor negotiation and project management for new construction and renovation projects. Siegel has a Bachelor's and Master's degree in Construction Management from the University of Florida. http://www.svnhotels.com http://www.svnhotels.com http://www.TODAYSHOTELIER.COM

Table of Contents for the Digital Edition of Today's Hotelier - October 2016

Letter From the Chairman
Letter From the President & CEO
News Bytes
AAHOA Spotlight
Best Western’s New Frontier
Government Affairs
The Uneven Playing Field: Hotels & Airbnb
Finding Opportunity in the Old
Development & Renovation
Living Legends: Wisdom From Industry Trailblazers
Finance Q&A
The Latest Tech Tools for Hospitality
Guest Experience
AAHOA Events
AAHOA Founding Members
AAHOA Vendor Partners
Classifieds
Advertiser Index
Today's Hotelier - October 2016 - cover1
Today's Hotelier - October 2016 - cover2
Today's Hotelier - October 2016 - 3
Today's Hotelier - October 2016 - 4
Today's Hotelier - October 2016 - 5
Today's Hotelier - October 2016 - 6
Today's Hotelier - October 2016 - 7
Today's Hotelier - October 2016 - Letter From the Chairman
Today's Hotelier - October 2016 - 9
Today's Hotelier - October 2016 - Letter From the President & CEO
Today's Hotelier - October 2016 - 11
Today's Hotelier - October 2016 - News Bytes
Today's Hotelier - October 2016 - 13
Today's Hotelier - October 2016 - AAHOA Spotlight
Today's Hotelier - October 2016 - 15
Today's Hotelier - October 2016 - 16
Today's Hotelier - October 2016 - 17
Today's Hotelier - October 2016 - Best Western’s New Frontier
Today's Hotelier - October 2016 - 19
Today's Hotelier - October 2016 - 20
Today's Hotelier - October 2016 - 21
Today's Hotelier - October 2016 - 22
Today's Hotelier - October 2016 - 23
Today's Hotelier - October 2016 - Government Affairs
Today's Hotelier - October 2016 - 25
Today's Hotelier - October 2016 - 26
Today's Hotelier - October 2016 - 27
Today's Hotelier - October 2016 - 28
Today's Hotelier - October 2016 - 29
Today's Hotelier - October 2016 - The Uneven Playing Field: Hotels & Airbnb
Today's Hotelier - October 2016 - 31
Today's Hotelier - October 2016 - 32
Today's Hotelier - October 2016 - 33
Today's Hotelier - October 2016 - 34
Today's Hotelier - October 2016 - 35
Today's Hotelier - October 2016 - Development & Renovation
Today's Hotelier - October 2016 - 37
Today's Hotelier - October 2016 - 38
Today's Hotelier - October 2016 - 39
Today's Hotelier - October 2016 - 40
Today's Hotelier - October 2016 - 41
Today's Hotelier - October 2016 - Living Legends: Wisdom From Industry Trailblazers
Today's Hotelier - October 2016 - 43
Today's Hotelier - October 2016 - 44
Today's Hotelier - October 2016 - 45
Today's Hotelier - October 2016 - 46
Today's Hotelier - October 2016 - 47
Today's Hotelier - October 2016 - 48
Today's Hotelier - October 2016 - 49
Today's Hotelier - October 2016 - Finance Q&A
Today's Hotelier - October 2016 - 51
Today's Hotelier - October 2016 - 52
Today's Hotelier - October 2016 - 53
Today's Hotelier - October 2016 - The Latest Tech Tools for Hospitality
Today's Hotelier - October 2016 - 55
Today's Hotelier - October 2016 - 56
Today's Hotelier - October 2016 - 57
Today's Hotelier - October 2016 - Guest Experience
Today's Hotelier - October 2016 - 59
Today's Hotelier - October 2016 - 60
Today's Hotelier - October 2016 - 61
Today's Hotelier - October 2016 - AAHOA Events
Today's Hotelier - October 2016 - 63
Today's Hotelier - October 2016 - AAHOA Founding Members
Today's Hotelier - October 2016 - 65
Today's Hotelier - October 2016 - AAHOA Vendor Partners
Today's Hotelier - October 2016 - 67
Today's Hotelier - October 2016 - 68
Today's Hotelier - October 2016 - 69
Today's Hotelier - October 2016 - 70
Today's Hotelier - October 2016 - 71
Today's Hotelier - October 2016 - 72
Today's Hotelier - October 2016 - 73
Today's Hotelier - October 2016 - 74
Today's Hotelier - October 2016 - 75
Today's Hotelier - October 2016 - 76
Today's Hotelier - October 2016 - Classifieds
Today's Hotelier - October 2016 - 78
Today's Hotelier - October 2016 - 79
Today's Hotelier - October 2016 - 80
Today's Hotelier - October 2016 - 81
Today's Hotelier - October 2016 - 82
Today's Hotelier - October 2016 - 83
Today's Hotelier - October 2016 - 84
Today's Hotelier - October 2016 - 85
Today's Hotelier - October 2016 - Advertiser Index
Today's Hotelier - October 2016 - cover3
Today's Hotelier - October 2016 - cover4
Today's Hotelier - October 2016 - outsert1
Today's Hotelier - October 2016 - outsert2
Today's Hotelier - October 2016 - 91
Today's Hotelier - October 2016 - 92
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