New Construction
When Baywood Hotels launches a new development project, our number one priority is ensuring that our facilities are designed, capitalized,and built for long-term success. This means not only achieving budget and construction milestones, but also earning patron satisfaction, meeting financial projections and maintaining a high-quality property over the investment period. Short-term development decisions are made based upon long-term impact to ownership. Our commitment to this philosophy runs deep,with Baywood’s principals making significant cash investments in each of our projects. Baywood Hotels stands side-by-side with our investment partners to manage the ultimate success of each venture.
Below are just a few ways our development team guides the development process from start to finish:
- Market analysis, site identification and selection and acquisition negotiation
- Franchise selection and license negotiation
- Obtaining all necessary government approvals—engineering, environmental, zoning, and utilities
- Qualification, selection and contract negotiations with designers, architects, and contractor(s)
- Acquisition, placement, and negotiation of debt and investment equity
- Design and engineering process oversight
- Construction management
- Pre-opening marketing
- Negotiation and purchase of all furnishings, fixtures and equipment
- Punch-list inspections and follow-up with all involved contractors to ensure a first-class final product
- Hotel staffing, training and opening
- Post-opening hotel management and marketing program implementation