BEACON DEVELOPMENT PARTNERS
We are an independent specialist hospitality and real estate development and contract management company.
A team with a variety of expertise and skills offering specialist development, feasibility, project, design, brand and asset management, services.
BEACON DEVELOPMENT PARTNERS
Introduction
We work from the basis that no man or a company is an island. Our team is not about one expertise or competence but a collection of people and expertise with distinct and unique skill sets and insights that will come together for your project to provide you with the best ideas and practices to create a profitable, innovative and efficient outcome.
PRESENT SITUATION
Hospitality developments are one of the most complex investments in real estate, involving the ever-increasing complexity of return calculations and a wide variety of investment and development management approaches. Also, requirements for a fast and applicable, uncompromising, latest state of the art design and construction outcome and a need to employ, provide direction, seamlessly organise, coordinate and manage a large team of specialists and experts in various hotel development disciplines adds considerably to the complexity. The ROI always hinges on correct commercial and operational conceptualisation, definition, contracting and on-time quality execution. Thereafter, a correct operating strategy and transparent forward planning based on the overall commercial concept is imperative for a successful and profitable operation.
COMPLICATIONS
While many management companies are proficient in brand definition, associated design and articulation, it is traditionally not the hotel managers' responsibility to assign resources and prioritise holistic ROI. Hotel management companies typically concentrate on managers' operational results, not on ROI. This focus can in extreme cases be simplified as a focus on revenue without cost components. This is understandably causing friction between hotel management companies and hotel investors. Conversely, hotel management companies are struggling with hotel investors' unwillingness to prioritise optimising revenues or operational results, often at a high cost. This is often perceived as investors' breach of contract due to unwillingness to follow agreements and brand standards.
More and more investors are postponing or entirely declining to employ hotel management companies and/or their design and construction assistance as their services are seen more as an approval or disapproval function and therefore more as a hindrance than genuine assistance and valuable addition to the investor's resources.
Hotel operators' investment value proposition for real estate development services, design and construction or project services are also largely missing, thus resulting in difficulties in engaging investors effectively.
The prevailing trend of misaligned investors' and operators' development processes and resources, i.e. diminishing holistic coordination and advisory resources and the resulting lack of appropriate hotel specific expertise in hotel development projects has resulted in the majority of today’s hotel and hospitality investment projects being initiated with false, unrealistic assumptions and insufficient information, culminating in overstretched resources, budgets and programs. Thus, the majority of today’s hotel and hospitality investment projects do not result in effective and profitable hotels or businesses within the intended budget, time frame or even quality and brand standards. Disproportionate amounts of hotel developments never reach completion and the ones which reach completion continue operation with acrimonious investor–operator relationships.
PROPOSAL
Expert Guidance
BEACON DEVELOPMENT PARTNERS (BDP), with deep and wide-ranging expertise, focuses on holistic hospitality development projects. BDP is uniquely positioned to reverse the prevailing trend by organising and pulling all stakeholders together with unifying briefs, concepts and processes. In addition to creating the project fundamentals and unifying the teams towards a common goal, BDP will typically demonstrate an average of 7-10% value add and cost savings for the investor during project development by applying its' specialist expertise combined with commercially viable flexible development, contracting, and management methods to engage high levels of skill and expertise. For each development project, BDP will present tailored engagement strategies with clear value propositions to the investor. When working for an independent brand or hotel management company, this value proposition is a direct value add to the brand proposition. BDP’s guiding principle and focus on hotel development is to effectively align investors' interests and benefits with management business by holistically considering the entire investment case and efficiency for both real estate and hotel business as one.
BDP fully understands and recognises the need for flexible cost structures and will assign resources and scope from hourly advisory to turnkey contracting according to the investment case and available resources and financing.
INTRODUCTORY CONSULTATION
Expert Guidance
Let's exchange ideas and have a discussion about your development.
If you are considering a hotel or resort investment or other hospitality related development we would be delighted to hear from you or to come and introduce ourselves.
We take assignments globally but have a strong presence and coverage in the Asia Pacific, Middle East and Europe.
Our first consultation and directional advice on the overall approach and strategy is always on us. Let's have a conversation.
OUR SERVICES
We will always customize our scope and engagement according to the need, actual development process and resources. We are flexible and happy to take on small and large assignments.
The scope of our services may include some or all but is not limited to, the following:
INVESTOR RELATIONS AND REPRESENTATION
INITIAL DISCUSSION AND ADVICE
VISION CREATION
DEVELOPMENT CONCEPT
FEASIBILITY STUDIES
MASTER PLANNING
BUSINESS MODELLING / BUSINESS CONCEPT
PROJECT CONCEPTS AND BRIEFS
FINANCIAL / COMMERCIAL CONCEPTS AND MODEL
CONTRACTING / CONTRACT NEGOTIATIONS
DESIGN CONCEPTS
DESIGN MANAGEMENT
DESIGN
PROJECT MANAGEMENT
OPERATING CONCEPT
OPERATOR SELECTION
MANAGEMENT AGREEMENTS AND CONTRACTING
TESTING AND COMMISSIONING
TURNKEY CONTRACT
DEVELOPMENT INVESTMENT IDENTIFICATION
AND MORE, LET'S TALK
CONTACT US
Jonathan Watt
Development Director
BEACON DP LIMITED
12/F, Henley Building, Suite No. 9083
5 Queen's Road
Central
Hong Kong
HONG KONG, SINGAPORE, INDIA, AUSTRALIA, INDONESIA, MALAYSIA, VIETNAM, THAILAND, CAMBODIA, MYANMAR, CHINA, PHILIPPINES, JAPAN, SOUTH KOREA, MONGOLIA, EUROPE, AFRICA
