Start a Resort - What is The First Step?
The feasibility study is the first step in starting a new resort. Leisure Business Advisors LLC (LBA) specializes in conducting this study, which is typically required by financing institutions and investors.
The study provides market and financial analysis and projections. It also provides critical physical planning recommendations to assist the resort designer during the design stage of development. It is critical that the designs are in line with market needs and expected cash flow. These physical planning guidelines need to be in place before construction and building can start. Designers, builders, and managers can all benefit from the guidance provided in the study.
As part of the feasibility study, LBA can work closely with you in preparing the initial image package that would assist designers in the design stage of development that follows the feasibility stage. We could provide a walk-through description and color artist conceptual images of your new resort seen through the eyes of a typical visitor. These would preliminarily suggest its general "look and feel" in financing and marketing presentations.
John Gerner, our managing director, has conducted many feasibility studies for resorts over the past 20+ years. We pride ourselves on prompt service and are also sensitive to time constraints often involved in starting new development projects. If needed, assignments can be accelerated for an extra fee.
Click here to learn more about feasibility studies, the first step one takes to start a resort.