Background of Company
The Entrepreneurs have successfully owned, operated, and managed lodging facilities. They have experience in improving lodging facility and selling at a higher price. They have thoroughly researched the various tier of lodging facility, customer base, customer satisfaction factors, and customer amenities. In addition they have experience in real estate development, material procurement, and cost control, maintenance and operational manpower source and cost. The Entrepreneurs are now ready to develop their own facility from scratch to finish.
Sponsors
The company is initiated with nine main principals with diverse experience. The experience includes but not limited to new real estate construction, new business development, business operations, and management, fund raising, sales and marketing. They have a combined over 50 years of experience.
The Entrepreneurs have successfully developed a concept within the lodging and hospitality industry to achieve optimal profitability. This will be done by
- Selecting correct site
- Determining correct size of the facility
- Designing the facility in a new innovative modern advanced concept
- Building the facility at a minimum cost without compromising the output
- Optimizing management manpower
- Innovative customer service exceeding market expectation
- Add value to competitor price
- Use latest technology.
Goals
The goal of this business is to develop, manage, and operate lodging and hospitality facility. The location, size, and type of the facility have been determined. The facility to have 24, 36, 48 …………..to over 100 rooms depending on locations and market volume. Other important factors will be considered to select a location to include:
- Tax and Administrative Cost in the area
- Public and Private institutions in the area.
- Industrial, recreational, and commercial institutions.
- Accessibility to major Highway and Freeway.
- Volume and Types of existing Lodging Facility.
- Year of the Last lodging facility build in the area.
- Past and present lodging business volume and price analysis.
- Local Population and Employee availability.
Build new lodging facility in appropriate location around the country optimizing investment. Manage and operate the facility to the highest customer satisfaction and value. The Entrepreneurs forecast 100 such facilities in the next 10 years.