Knowing How To Do It
The hotel industry is in a cut-throat competition in which properties that can no longer be managed with up-to-date means are being replaced by more efficient concepts. This is why it is particularly important for new projects to remain competitive in the market until the investment has been paid off and they generate adequate returns. For a successful implementation, we support the investor, the client, the project developers, and the operators with the following consulting services:
Investor and Operator Search
When searching for operators for planned and existing hotels, you have access to our networks in the hotel industry.
In addition to the selection of the operator, we are also happy to support you in the drafting of basic contracts, such as lease agreements, franchise agreements, or other contractual models. Beyond the industry-specific knowledge available from DICON, we also work with renowned law firms to provide legal advice.
We can also help you develop agreed-upon targets with your manager. Whether we are dealing with a private or a chain hotel, we can create a tailor-made solution for you from our comprehensive database of contracts – also, if necessary, in cooperation with a law firm.
New construction, purchase, renovation, or succession acquisition – there are always occasions in the development of a hotel that require a larger financial volume.
Only in very few cases can the owners finance such projects entirely from their own resources. However, loan financing is usually not easy to obtain. DICON supports you through careful preparatory work: the first step is to determine the exact financial requirements. On this basis, we design an optimal financing structure which will include capital resources, subsidies, grants, and loans.
Time and again, there are occasions when a hotel needs to restructure or refinance its debt: in the classic case, the fixed interest period expires on an existing loan. This offers the operator the opportunity to obtain better conditions for the continuation of the loan.
Potential financing partners are addressed and the plan is presented with professionally prepared documents and a clear financing targets. DICON accompanies you with far-reaching contacts and extensive experience in hotel and real estate financing.
Other reasons for restructuring are often the replacement of a short-term supplier or bank loan with a long-term bank loan. DICON helps you approach competent financing partners, prepares you professionally for the bank meeting, and, if desired, accompanies you to subsequent appointments.
Whether as a founder of a new business or as part of a succession consultation, you have the possibility of state funding in many financial situations. The application procedure often begins before the actual project.
DICON offers you a tailor-made screening to determine which funding is suitable for your individual project. In further steps, we are happy to advise and support you during the application process and discussions with the funding institutions.
The investment calculation or the estimate of the amount of the required investment is important for the successful implementation of a planned project, as the amount of the investment decides the return. Both the asset value determination and the investment cost estimate are often carried out by architects and building experts. DICON supports and/or supplements the services of the architects and building experts with hotel-specific performance indicators, which can be derived from indicators of company comparisons, similar projects in the past, and/or databases with corresponding information.
Room and Function Planning
In the context of spatial and functional planning, the space requirement profile represents the intersection between architectural planning and hotel-specific approaches and equipment models. Here we deliver essential know-how, which often determines the success or failure of a hotel or catering operation. The organisation of work processes, which are often related to the spatial conditions, can become expensive in day-to-day operations if planning does not take into account the potential for optimisation.
In addition to the planning of the kitchen and the design of the corresponding workplaces, delivery and access are important planning issues which, besides the question of capacity, are essential for sustainable success. Here we offer support in hotel planning and construction during the implementation phase.
Planning and Construction Supervision
Since the interests of the investor, operator, and project developer often do not coincide, the successful implementation of a construction strategy necessitates the involvement of a neutral, technically experienced person in planning and construction supervision. It is often the investors who decide to take this step in order to identify risks at an early stage and improve the prospects of success. DICON’s consultants have decades of experience and have helped to shape extensive projects in planning and construction meetings. Key to these were the review and optimisation of detailed planning and building inspection. Our experience can play an essential role in the success of the project in order to avoid possible declaratory actions in the scope of project planning.
Whether for hotel projects, hostels, serviced apartment projects, or youth facilities, we have coordinated challenging projects furnishing newly-built or existing businesses – from selection to ordering and furnishing. For the procurement FF&E, we work with specialised hotel outfitters, with some of whom we have many years of experience.