Hotel & Leisure Advisors Announces Project Development Analysis Services

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. October 14, 2008

CLEVELAND, OH, November 27, 2007. Hotel & Leisure Advisors adds project development analysis to its list of national hospitality consulting services. David J. Sangree, MAI, ISHC, President of Hotel & Leisure Advisors, welcomes the addition of Mr. Eric B. Hansen, AIA, ISHC as the Director of Development Services.

Mr. Hansen is responsible for the firm's project development analysis services. A project development analysis (PDA) is a professional consulting service that provides necessary and specific information to aid developers in making decisions prior to the commitment phase of a proposed new construction or renovation project. For a new construction PDA, H&LA performs detailed project program preparation, zoning and jurisdictional due diligence research, conceptual site graphics and cost to build analysis. A renovation PDA analyzes an existing facility and develops a recommended scope of work to meet the project's renovation goals.

The project development analysis is a written, detailed complement to the feasibility and market studies the firm already performs for hospitality projects. The information gleaned is used to communicate the vision of the project to lenders, equity investors and design professionals prior to their engagement. The information also details the specific jurisdictional protocols necessary for development and identifies potential issues that will need to be addressed.

Mr. Hansen's expertise is in the development, design and architecture of hospitality facilities. He offers more than 13 years of experience in the hospitality industry and has been the responsible architect on more than 65 hotels and conference centers, including full-service, extended-stay, select-service and economy scale brands. In 2002, Mr. Hansen was invited to join the International Society of Hospitality Consultants (ISHC) as one of only eight architects in the ISHC membership. Mr. Hansen has worked with various major hotel company corporate offices including Marriott and Hilton and has extensive knowledge of brand criteria.

In addition to project development analyses, Mr. Hansen also performs appraisals, market analyses, feasibility analyses, impact analyses, and expert witness testimony. As a 15-year architect with a foundation in financial management, appraisal theory, and hospitality consulting, Mr. Hansen brings well rounded expertise to various H&LA assignments and assists H&LA clients with their pre-development, consulting, and valuation needs.

Hotel & Leisure Advisors is a national hospitality consulting firm specializing in appraisals, market feasibility studies, project development analyses, impact analyses, economic impact studies and litigation support for hotels, resorts, waterparks, conference and convention centers, golf courses, ski resorts, and other leisure real estate.

"These project development services are a natural extension of the core feasibility, appraisal and consulting business that Hotel & Leisure Advisors already brings to the industry," Hansen said. "These services will allow our clientele to better communicate their vision to all interested stakeholders."