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Hotel Development Services

With a solid foundation in historic urban renewal projects, Stout Street Hospitality has earned a reputation for delivering one-of-a-kind boutique hotels with high levels of customer service and superior operating margins. Our long experience in hotel development services as owner-operators has fostered a unique expertise, simultaneously achieving service and financial goals. Stout Street Hospitality seeks to apply this expertise in the development, redevelopment, and management of independent, boutique and branded hotels. Our hotel management company's track record of successfully financing, developing and operating a portfolio of independent hotels allows us to approach every project with a unique perspective and offer a wide range of possible solutions. Among the services we bring to a project include:

  • Feasibility and financial analysis
    • Prepare a five and ten year pro-forma for
    • Operating revenues and expenses with supporting detail
  • Develop and execute on long range strategic marketing plan
  • Manage development incentive programs offered on the local, State and Federal levels
  • Pre-opening budget highlighting milestone events and integrating them with the marketing plan
  • Contract administration and project accounting
  • Project management maintaining communication between ownership, the general contractor, key subcontractors, and designers
  • Specification, installation oversight, testing, and certification of all operating equipment and systems
  • Recruiting, training, and supervision of all staff on and off site
  • Establish training programs and compliance monitoring of best practices for operational staff
  • Assist in or take the lead on negotiation of service contracts and vendor relationships using the purchasing leverage of the entire portfolio of hotels managed by Stout Street
  • Procure and maintain necessary permits and licenses

Toll-Free Reservation 888.915.1110

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