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The Spectra Group's development & construction process has been established through over 20 years of experience developing new-build and existing franchise hotels; as well as rehabilitation/re-positioning of old hotels and buildings into new franchise hotels. The Spectra Group's professional hotel management team is involved with the projects that they are retained for in a management agreement environment; in addition to possible joint venture equity partnerships, based on the financial model of the project. For hotel owners with whom we have a management relationship established, we offer a turn-key development/project management option beginning with the conceptual stages through hotel opening.
• Site selection
• Branding analysis
• Architect selection
• Contractor selection
• Project management
• Procurement (FF&E, equipment, operating supplies, etc.)
• Pre-Opening Coordination
The Spectra Group provides these additional hospitality Development & Construction Services
• Opening Service
• Renovation Services
• Critical Path Project Management
• Distress Property Service
The Spectra Group's hotel development process is structured and proven. Here's a brief overview
1. The hotel developer hires The Spectra Group to a Technical Services Agreement (TSA) and Management Agreement (MA) for their project.
2. The development team (i.e.; Developer, Architect, Interior Designer, Lawyer, Landscape Architect, Management Company, Hotel Franchise Company, and any other members significant to the project) is selected and meets as a group to discuss the vision, marketplace and financial parameters. Each member of the group is also given an assignment appropriate to his or her field.
3. The Spectra Group's hotel management team is part of all of the pre-planning process. including, but not limited to: number of guestrooms, size of guestrooms, design, meeting space, other amenities, food and beverage concepts, branding, marketing, costs, and hotel technology.
4. Approximately twelve months prior to the scheduled hotel opening, there is a pre-opening plan/budget that is supervised and controlled by The Spectra Group, from the hiring of the General Manager and Sales Team, to the execution of a pre-opening sales & marketing and operations plan.
5. Upon completion of construction and issue of the certificate of occupancy, along with approval of the hotel franchise company, The Spectra Group commences operation of the hotel.
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