Fact Finding in a Local Hotel: Loews Regency New York
Through search and personal contact please report in written form on the following information related to the hotel:
Who is the owner of the asset? Does the owner also employ an asset manager for the property? Who is that individual, what is their company affiliation?
Identify the name of the management company that oversees the asset for the owner
Is there a franchise brand affiliation, if so, what is the brand and who is the parent of that brand?
Identify the Comp Set for this hotel from the STR report
What are the key features and benefits which you learned about and which you believe are part of the hotels attributes?
When was, the last major renovation completed on this hotel, what were the highlights?
What, in your opinion, is the current physical condition of this asset?
Is there a plan for capital improvements to this hotel in 2018 or 2019?
Finally, what is your opinion of the state of this asset? You may wish to comment on the physical condition and on the financial condition as you have surmised from your conversation with the manager you did interview