- Hotel Management
- Restaurant Management
- Health & Safety
- A La Carte Services
Through a hands-on and collaborative client experience, Prospera provides hotel development expertise in real estate acquisition, ground-up development and hotel repositioning for a variety of limited and full-service independent and branded hotels and resorts. Our services include:
Through the operational expertise of our management team, we prudently recognize opportunities for new hotel development and complete redevelopment in underdeveloped markets for a variety of full-service and upscale hotels around the world, including full-service, extended stay and limited service.
Real estate value creation begins from the ground up. Tapping into extensive market research and development experience, we can help define the new hotel development concept, acquire land, and manage the project through to completion.
In addition to financial stability, the ingredients to a successful ground-up development project include strong, diplomatic communication and negotiation skills, and detail orientation with an eye on governing the overall project vision.
If you’re seeking a hotel development company that recognizes market opportunities before others do, contact us regarding your project. We’ll arrange a consultation with our leadership team.
Identifying the right partner, in the right market, applying due diligence, employing fitting positioning strategies and managing financial and legal processes all go into our recipe for foundations of a great property.
Proactive and proficient due diligence
Through the operational expertise of our management team, we prudently recognize opportunities for new hotel development in underdeveloped markets for a variety of full-service and limited services hotels around the world.
Recognizing opportunity for new markets
In alignment with the current market, our strong brand relationships and experience enable us to accurately position our clients’ properties for today and tomorrow. Methods include analysis of trends, day-to-day performance, and competitive market performance.
Relevant and progressive hotel alignment
"Our emphasis is put on creating a work environment that fosters growth and appreciation of the person and their family. We endeavor to shine the brightest light on our people's strength."
We are experts in operating some of the most recognized brands worldwide, particularly Marriott, Hilton, Hyatt, and IHG products. Our background in these brands allows us to choose the right hotel brand for the market and the property. Both branded and independent hotel options have a place in a strong hotel investment portfolio.
When we work on a hotel development project for our clients, we offer an end-to-end service. We're experienced in every aspect of operating, developing, and acquiring hotel real estate. Prospera calls on relevant data and analytics to make an informed decision, all of the experts required to make these decisions, and all of the major brands in the US hospitality market. We provide feasibility analysis, including pro forma and investment analysis, that drives the choice of brand for the location. Our goal is to maximize the real estate value for the building and create a long-term plan for developers.
Once the brand is selected, we do the work to negotiate the franchise agreement. Our existing relationships with major hotel brands streamlines this process and provides our clients with access to favorable terms. Once the hotel development project starts, we're in close contact with the brand and the hotel developer to deliver functional and programming input from the ground up. In many cases, the projects we work on involve acquiring and re-positioning full-service hotels.
Prospera has a reputation for developing high-profile projects in high-value markets over the past several decades, with transactions of more than $2 billion. We work with limited and full-service hotels and resorts, choosing the best fit for the market. Our acquisition services include:
Our experienced management team recognizes valuable opportunities for development and redevelopment in markets that are primed for more hotels. We've worked with full-service and upscale hotels, resorts, extended stay, and limited-service hotels. Realizing the greatest value for real estate investment starts before the ground is broken or renovations begin. It requires a comprehensive plan that looks at market research, the potential for financial stability over the long-term, and how best to bring a hotel brand to that particular market. Our ground-up development services include:
It's a common misconception that hotel repositioning only involves physical renovation. The truth is, it requires a complete plan that looks at the potential of the business, the current market needs, direct feedback from previous guests and the frontline employees who serve them, and ongoing analysis of the effectiveness of the plan. Here are the hotel repositioning services that we offer:
Contact Prospera today to discuss your hotel development needs with our leadership team.