Who we are
Wert-Berater, Inc. has prepared independent feasibility studies for lenders, certified development companies, and federal agencies since 1998 — more than four thousand engagements representing $40.2 billion in evaluated project value across all fifty states and international assignments. Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism: fees are fixed, quoted up front, never contingent on findings, and a determination is never changed under pressure.
What we do
Hospitality feasibility is the discipline of converting visitation into occupied room-nights at a defensible rate. The study builds the demand base from tourism volumes, corporate and group generators, and highway or destination traffic, then tests penetration against the competitive set's occupancy and ADR performance. For RV resorts, campgrounds, and outdoor hospitality, the analysis adapts to site-count economics: seasonal occupancy curves, ADR by site class, length-of-stay mix, and the long-stay segment that carries shoulder seasons. Event-driven and wedding-venue hospitality is modeled on bookable-date capacity and catering capture rather than room-night arithmetic.
How we do it
Methodology draws on STR-class competitive set data where available, state tourism office visitation series, AADT counts for highway-dependent product, and operator benchmarks from RMA and IBISWorld. Site-class ADR and occupancy assumptions are built from named competitive properties, and every revenue conclusion feeds a fully linked model tested against program coverage minimums under rate stress.
How we can help you
Hospitality reaches us through SBA 504 and 7(a) for owner-operated hotels and outdoor hospitality, USDA B&I for rural destinations, and conventional lending for flagged product; SOP 50 10 8 special-purpose property treatment and its collateral implications are addressed squarely where they apply. The firm's outdoor hospitality record includes a $4,839,570 SBA 504 100-site RV resort in Van Zandt County, Texas and an $8,050,000 waterfront RV resort on Santa Rosa Sound determined conditionally favorable on the single SBA-compliant site plan.
How to engage us
Standard delivery is 10 to 15 business days from complete project data. Rush delivery for deals already in underwriting is accepted case by case for an additional fixed fee, quoted up front and committed in writing. Engagements are typically initiated by the borrower, with lender or CDC confirmation obtained before work begins — institutions differ, so confirm the procedure with your lending contact.