HOTELS

Whether your hotel provides lodging, meals and other services to the business or vacationing traveler, or is an historic inn or bed and breakfast, CODA can assist in evaluating your property.  CODA has assessed numerous hotels, from high-end, high-rise luxury hotels to two and three-story walk-up suites, and all types in between, in a myriad of markets across the country.  We are familiar with major branding requirements and understand the obligations of the Property Improvement Program.  Let CODA help you evaluate your next purchase or provide your lender with the information needed to underwrite future property improvements.

Fairmont Hotel, 5-Star Luxury High-rise Hotel - Chicago, IL

Borrower secured a loan to refinance the Fairmont Hotel located at 200 North Columbus Drive in Chicago, IL.  CODA performed a Property Condition Assessment on behalf of the Lender.  The development consists of a 36-story hotel containing 687 guest rooms, with a gross building area of approximately 565,610 square feet, exclusive of the underground parking garage.  A two-level underground parking garage is located beneath the building providing a total of approximately 166 spaces.  The original improvements were completed in 1987.

    

Hilton Minneapolis
    

Minneapolis Hilton, Minneapolis, MN

A luxury hospitality and resort owner/operator purchased the Minneapolis Hilton.  CODA performed a Property Condition Assessment of the hotel and provided additional engineering services to evaluate the integrity of previous structural repairs in the adjacent parking garage.  The development consists of a 24-story hotel containing 821 guest rooms, with a gross building area of approximately 821,000 square feet.  The original improvements were completed in 1992.

CODA’s reports are customized to our client's needs and desires. Additionally, we work with you from the inception of the project or portfolio to after the submittal of our draft report.  We will work with you until you are satisfied with our end product to ensure that it addresses your needs for the property.


  
3023 S. University Dr., Suite 220, Fort Worth, Texas 76109
Toll Free: 855-849-CODA (2632) • fax: 817-500-9084
www.codaconsults.com
Powered by ProFusion Products Copyright © 2011-2017 All Rights Reserved.