Development Services at Crescent Hotels & Resorts


To complement our core product of hospitality management services, Crescent Hotels & Resorts offers a full range of hotel development services. From hotel acquisitions and pre-opening services to turn-key Project Management, our passionate team and years of expertise will take your property in the right direction.


Crescent Acquisition Criteria

Crescent Hotels & Resorts provides a broad range of services aimed at hospitality investors looking for a seasoned team to help source deals, underwrite and evaluate properties hotel acquisitions combined with our extensive network of hospitality contacts, crescent connects investors with high yielding investment opportunities. We seek hotels and resorts from 200 to 500 rooms focused on assets where there is upside through adding value by re-branding, renovating or improved operations. The focus is on the top 30 MSAs in the united states as well as major Canadian markets. Discover the many benefits and services that have made Crescent one of the country’s leading hotel acquisition companies, including:

  • Repositioning and Rebranding
  • Financial Underwriting and Modeling
  • Brand Relations
  • Franchise-Agreement Negotiation
  • Property Improvement Plan Management
  • Revenue Strategy Implementation
  • Pre-Opening Procurement and Marketing
  • Project Management
  • Debt Sourcing


Hospitality Services: Pre-Opening and Procurement

Crescent Hotels & Resorts is an industry leader in hospitality services and management, with extensive pre-opening and procurement experience. We have successfully opened over 30 hotels across North America, including internationally-recognized brands within the Marriott, Hilton, Starwood, Hyatt, Wyndham Worldwide, and InterContinental brand families. From design and architecture reviews to brand evaluations and debt sourcing, our hands-on approach and pre-opening expertise ensures your property has everything in order for the success of your launch.

CRESCENT’S PRE-OPENING SERVICES INCLUDE:

  • Brand Evaluation and Selection
  • Franchise Agreement Negotiation
  • Debt Sourcing
  • Product Positioning
  • Design/Architecture Review
  • Procurement

ADDITIONAL PRE-OPENING SERVICES INCLUDE:

  • Establishing a Pre-Opening Budget
  • Engaging with Brand to Work Critical Path (6-8 Months Prior to Opening)
  • Recruiting and Hiring General Manager and Director of Sales (6 Months Prior to Opening)
  • Preparing and Presenting Year-One Marketing Plan & Operating Budget (60 Days Prior to Opening)
  • Consultations with Project Management & Corporate Engineer on the Development, Construction and Purchasing of FF&E

 

Under Development

At Crescent Hotels & Resorts we are always expanding our diverse portfolio. With a number of new properties under development in various destinations across the country, the future looks bright—and this is just the beginning.

  • Element Huntsville - Opening 2017
  • Renaissance West Palm Beach - Under Development
  • Hyatt Place Philadelphia Airport - Under Development
  • Dallas Arts Hotel - Under Development
  • Hard Rock Hotel Daytona Beach - Under Development


Hotel Project Management

Under the expert guidance of Crescent’s seasoned team, Project Management at Crescent Hotels & Resorts is a fully turnkey operation which includes oversight of the entire Capital Improvement Project process. With more than 50 years of combined experience, Crescent’s Project Management team has a solid background in preventative maintenance, extensive capital projects and PIP completion and life safety management. It is this extensive experience in all aspects of the hospitality industry that provides proven results, and enables us to stand by the fact that we know project management.

Crescent Project Management acts as an owner’s representative in order to reduce and modify the Brand Property Improvement Plan (PIP). The PIP is then priced to provide ownership with an estimated budget to work from. Pending owner’s approval, Crescent Project Management interviews, and ultimately hires the architect and designer, and works with the brand to finalize the design concept. Once bids are sent out, Crescent oversees the contractor selection process. All procurement is handled by Crescent Project Management: everything related to the PIP, all Purchase Orders tracked, and the entire budget monitored from start to finish.

Crescent Project Management Group services include:

  • Brand Property Improvement Plan (PIP) Negotiations and Pricing
  • Bids, Vendor and Contractor selection
  • PIP Item Purchasing and Procurement
  • Hotel Capital Item Purchasing (Miscellaneous)
  • Capital Projects (PIP) Critical Path Development
  • Architectural and Design Selection and Management
  • Capital Draw Requests, Reconciliation and Accounting
  • Property Construction PIP Oversight
  • Brand PIP Approvals

 

Consistently ranked as one of the top third-party, independent hotel management companies in North America, Crescent is committed to delivering excellence in hotel operations, profitability, and guest service.

Discover how Crescent Hotels & Resorts — one of the premier hotel management companies in the U.S. and Canada — can give you the competitive edge for superior profitability and service by calling us at (703) 279-7820 or by contacting us today.

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