AECOM develops hotel investment viability web tool
Tool lets investors test whether developments are economically viable
AECOM will launch a new online hotel investment viability tool that will allow users to test whether a potential hotel development is likely to be economically viable at a very early stage.
The company intends to launch the new site at the 2013 International Hotel Investment Forum in Berlin which runs from the March 4-6, 2013.
“What makes this tool unique is the way that it brings together intelligence from two disciplines (cost consultancy and economic feasibility) that traditionally have been commissioned separately. We are excited to share HINT with our clients and hotel operator contacts who have expressed a keen interest in using a tool such as this that provides an early indication of a hotel project’s economic viability,” said AECOM’s global head of leisure and culture Kevin Underwood.
The tool has been designed to allow users to see the potential value, cost and return on their investment by entering a number of variables such as location, hotel typology and revenue assumptions.
It works by combining AECOM’s operational knowledge with cost data from Davis Langdon, an AECOM company, and will provide clients with an early check on their idea without having to pay for large studies too early in the process.