Forton’s hospitality consultancy services are designed to assist real estate developers, investors, hotel operators and lenders in understanding the marketplace and devising successful strategies based on insightful information. Backed by the CEE hospitality practice of Cushman & Wakefield our clients receive the bespoke advice matched by decades of hotel industry experience.
How we can help
Hotel/Resort Project valuations
Our team of experienced valuers provides valuations in accordance with the highest international standards – IVS and the RICS Valuation – Professional Standards (Red Book). Forton is capable of delivering real estate valuation services for different purposes – obtainment of development or acquisition financing, reporting to local or International Financial Reporting Standards, loan collateral reviews, sales and acquisitions. Our deep understanding of the nature of hotel business and constant market tracking result in comprehensive view of the industry and reliable opinion.
We take a 360-degree view of the real estate project, incorporating travel and hotel sector data, economic indicators, real estate market research and intelligence, hospitality industry knowledge in a single comprehensive report which allows our clients to make informed decisions of the feasibility of their concept. We combine the above knowledge with rigorous financial analysis to refine project scenarios and quantify the outcomes. Our feasibility studies serve as the foundation for development strategies of hotels or resorts which are useful for our clients at every step of the project – from conceptualization to budgeting, construction, operations and exit.
Commercial Due Diligence
We perform diagnostic due diligence of hotel real estate to identify and address challenges and improve operational and financial performance. They include, among others, thorough reviews of the market position of the project, the prospects to reach new markets, SWOT analysis of the current and alternative operational models. Our service enhances the understanding of owners or lenders of the potential of the specific asset and thus helps them make correct and timely decisions to recover or increase the value of their investments.
Our clients will benefit from experience and established professional contacts within the hospitality industry. We will provide advice on the most appropriate type and class of operator for the specific project, help fine-tune the concept and budget and finally, propose the project to international operators in a professional manner. The interest generated through a competitive selection process confirms the project’s marketability and allows the sponsor/developer to achieve the best terms.
Forton will support its clients with investment transaction advice and implementation. We perform thorough real estate and market review, prepare teasers and investment memorandums, propose a list of potential investors and then approach them with the sale proposition. Our structured approach to the transaction process benefits the vendor with strong exposure of the property to the market and direct marketing to active investors.
Asset management and resolution
Forton can bundle the above services in an integral asset management and resolution proposal. We are capable of addressing the challenges that banks and investors face from increased competition or deficits in the physical quality or operational model of hotel assets. Our team will propose a strategy for the future and guide the work-out process from restructuring to successful exit.
Adding value – the advantages of our approach
We mix structured approach, dedicated expertise and knowledge of the specifics of the hospitality industry to deliver a comprehensive service that addresses all the different aspects of hotel investment. Through its partnership with Cushman & Wakefield, the global real estate advisor, Forton is supported by an international consultancy practice with decades of experience in the field and a network of professional contacts with local and international hotel investors and operators. Forton is regulated by the Royal Institution of Chartered Surveyors and has two RICS Registered Valuers who can deliver internationally recognized valuations.
Experience and resources
Our Consultancy & Valuation department consists of professionals with more than 35 years of cumulative real estate, valuation, corporate banking and project financing experience. Their expertise is blended with involvement in a number of high-profile hotel development, work-out projects and valuation reports in both the corporate and leisure markets. We are well prepared to undertake complex assignments like we have done in the past with mixed-use hotel and residential projects as well as specialized golf, spa & wellness or gambling resorts.