PRESENTATION OF INFORMATION FOR HDA APPLICATION
PRESENTATION OF INFORMATION FOR HDA APPLICATION Upon preparing your application for consideration for Hotel Development Program Incentives, please ensure that your presentation includes the following: • Complete legal description; • Copies of all external and internal market based demand (feasibility) studies; • Marketing and/or Business Plan • Market reports (STR and internally generated competitive surveys); • Operating pro-forma accompanied by all support schedules and assumptions; • Detailed description of theme or concept for each outlet and guest amenity/service anticipated to be offered; • Staffing guide for all executive/management positions including wage and benefit schedules for all job classifications upon opening; • Relevant statistical data pertaining to central reservation system contribution, location inquiry (specific to the proposed project), and national/international accounts; • Copies of all pertinent operating agreements (executed or draft), including but not restricted to management, franchise, service, and licenses; • Copies of leases, cross access agreements, …
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PRESENTATION OF INFORMATION FOR HDA APPLICATION Upon preparing your application for consideration for Hotel Development Program Incentives, please ensure that your presentation includes the following: • Complete legal description; • Copies of all external and internal market based demand (feasibility) studies; • Marketing and/or Business Plan • Market reports (STR and internally generated competitive surveys); • Operating pro-forma accompanied by all support schedules and assumptions; • Detailed description of theme or concept for each outlet and guest amenity/service anticipated to be offered; • Staffing guide for all executive/management positions including wage and benefit schedules for all job classifications upon opening; • Relevant statistical data pertaining to central reservation system contribution, location inquiry (specific to the proposed project), and national/international accounts; • Copies of all pertinent operating agreements (executed or draft), including but not restricted to management, franchise, service, and licenses; • Copies of leases, cross access agreements, parking agreements, and master deed (if commercial condominium) encumbering the property; • A comprehensive list of all approvals sought and/or copies of approvals obtained from government agencies and, as applicable, the timeline for obtaining; • Copy of master development plan; • Copies of all pertinent correspondence regarding specific tax assessment arrangements including information pertaining to abatements, phase-in programs, PILOT’s, or TIF’s; • Survey with zoning, site plan, and title insurance information, particularly those dealing with easements, restrictions, and encroachments; • Details pertaining to the purchase of the property; • Names and contact information to the key individuals responsible for the development and management of the proposed hotel