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
Hotel feasibility is penetration analysis against a named competitive set: the demand mix by segment — transient, corporate, group, leisure — the proposed property's fair share given brand, product, and location, and the ADR position the market will actually pay. The study tests RevPAR build-up against the set's performance, models the ramp to stabilization against the loan's interest carry, and addresses brand and franchise economics, PIP obligations on acquisitions, and the labor model behind the service level.
How we do it
Methodology uses competitive-set occupancy and rate evidence, tourism and demand-generator data, highway counts for transient product, and operator benchmarks from RMA and industry sources. The model carries segmented demand, seasonal curves, and full operating statements tested against program coverage minimums under rate and occupancy stress.
How we can help you
Hotel engagements arrive under SBA 504 and 7(a) for owner-operators — where SOP 50 10 8 treats hospitality as special-purpose property — USDA B&I for rural markets, and conventional lending for flagged product. The firm's lodging record spans boutique and limited-service product, including hotel components within larger hospitality engagements such as the Temecula estate and a hospitality analysis in the Catskills.
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.