Development

The outstanding performance of P&P Hotel's existing properties along with our hotel development experience provide the foundation for our current development efforts. P&P’s business plan leverages our ability to identify and develop properties based on the following fundamental investment criteria:

Strong, established markets
Opportunity for establishing a brand
Potential to implement innovative design
Ability to create a premium product with long-term value

P&P Hotel's award-winning design and construction team has over 30 years of experience in the construction and redevelopment of hotels of all sizes—from 40-room independent hotels to full-service hotels and from ground-up construction to back-to-bare-walls total renovation. With a vision for identifying profitable redevelopment opportunities in key markets, our in-house technical expertise includes pre-construction, construction. interior design, purchasing and project management services.

The expertise of our principals and P&P team combined with planning and attention to detail ensure superior service to our patrons, value to our lenders and outstanding financial returns for our investors.

New Construction

When P&P 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 P&P’s principals making significant cash investments in each of our projects. P&P 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

Case Studies

P&P Hotel’s development portfolio contains a range of notable ground-up developments and existing structure renovations. These examples demonstrate how P&P consistently adds value to our acquired assets, as we pride ourselves on making our properties the best in the areas they serve.