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Resort
Feasibility Study

Wert-Berater, Inc. specializes in providing expert and reliable feasibility studies for Resort  projects.

Resort Feasibility Studies

Fractional Resort Feasibility Studies

Hotel Resort Feasibility Studies

Ski Resort Feasibility Studies

 

Our team of experienced professionals evaluates all aspects of the project to ensure its success – from project inception to construction and operations planning.

 

Choose us to help you make informed decisions for your Resort project.

Book a meeting to interview us, ask questions and view samples of our work.

Because of client project confidentiality, unfortunately we do not email samples to customers  - Client Confidentiality is Sacred.

Resort
Feasibility Study

At Wert-Berater, Inc., we are experts in Resort feasibility studies, providing essential information to those seeking commercial loans.

 

Our team of professionals is dedicated to delivering accurate and comprehensive evaluations of Resort  properties, including market analysis, financial projections, and site assessments.

 

With our expertise and attention to detail, we help clients make informed decisions about their investments and develop successful business plans.

Whether your project is an expansion or new build Resort, we have the experience to provide a comprehensive Resort feasibility study that assist your decision making process and potential loan underwriting in compliance with  commercial loan requirements.

See our Experience Page for recent Resort Feasibility Studies completed around the nation.

FAQs

How do we do it?

Resort Feasibility Studies are carried out by a careful evaluation as presented in the following Resort Feasibility Statement of Work which complies with  loan underwriting requirements.

We subscribe to reliable sources of data that are accepted by loan underwriters.

Will my Resort feasibility study be accepted by my lender?

We are approved by a vast network of Lenders, and Commercial Banks.  Prior to ordering your Resort feasibility study, if your lender in not on our list, we are pleased to provide our feasibility study consultant credentials including E&O Insurance, Sample Resort Feasibility Studies, references, and our resumes.

How much does a Apartment Feasibility Study cost?

Depending on the complexity of the project and the time needed to have a completed Apartment feasibility study ready, the cost varies from about $12,000 to $50,000.

How much time is needed for us to complete and deliver your Resort feasibility study?

This depends on our workload when you order your Resort feasibility study.  

RUSH orders cost extra, but can be completed in as little as 10-business days, providing you have the necessary items provided to us at engagement.

Generally, Resort feasibility studies are completed in about 15 to 20 business days.  

What items do I need to provide to have a Resort Feasibility Study completed? 

Our Resort feasibility studies are comprehensive and intended for loan underwriting purposes.  

We normally request the following items when you engage us for a Resort feasibility study:

  • Parcel number(s)

  • Land cost

  • Site plan

  • Building renderings

  • Unit Mixture including floor plans and SF sizes of units

  • If franchised, a copy of the franchise agreement

  • If there are villas or residential units, for rent or to be sold, number of units, and floor plans per unit

  • If Golf resort, golf course site plan and designer information

  • Project cost breakdown

  • Land cost and when purchased or is it under contract

  • Resumes for all owners with 20% or more interest

  • Loan terms applied for including, interest rate and amortization

  • Copy of your business plan including your projections

  • Any appraisals

  • Any environmental reports (if a purchase, continuance or reposition project, all Phase I or Phase II Environmental assessments

  • If your lender has provided a Term Sheet, we would like to have a copy

  • Other items you deem important

  • Lender contact details

Resort Feasibility Study Statement of Work

Executive Summary

Resort Feasibility Studies are designed to comply with commercial loan application requirements. 

 

The Executive Summary includes the following items:

  • Project summary concerning the planned improvements details and location

  • Loan request details

  • Project cost summary

  • Conclusions and Recomendations

2

Economic Feasibility

Resort Feasibility Study site analysis is a critical component of the project whether its of new construction, expansion or a repositioning project, a compete site analysis is completed summarized as follows:

Information regarding project site including:

  • Land area

  • Site locator maps

  • Zoning

  • Flood zone

  • Access and Road Service to the Site

  • Utilities availability

  • Availability of infrastructure

  • Visibility

  • Traffic counts

  • Neighborhood analysis

  • Radius Demographic

  • Target demographic international or regional, localized

  • Job Growth

  • Availability of Trained or Trainable Labor

  • Economic Overview

  • Demand Analysis forecast for 10-years

  • Site analysis summary 

  • Conclusions

3

Market Feasibility

The market feasibility study section for a Resort feasibility study includes the following items:

  • International resort industry overview

  • Localized Market resort industry overview

  • Competitive analysis

  • Smith Travel Research STR Report indicating competitive ADR and Occupancies for resort hotels

  • Food, Beverage, Spa, Retail, etc. revenue and demand analysis as applicable

  • For villa sell-out if part of the resort project, market analysis indicating sale prices and absorption rates 

  • For golf if included, a complete market analysis related to this specific use including rates, usage rates and demand

  • For ski if included, a complete market analysis related to this specific use including rates, usage rates and demand

  • If fractional units are included, a complete market analysis related to this specific use including rates, usage rates and demand (absorption)

  • If timeshare units are included, a complete market analysis related to this specific use including rates, usage rates and demand (absorption)

  • Villa sell-out added into renal pool analysis as applicable

  • Market Analysis for specific uses as applicable

  • Conclusions

4

Technical Feasibility

The technical feasibility study section for a Resort feasibility study includes the following items:

  • Suitability of the selected site for the intended use including an environmental impact analysis

  • Development and construction cost estimates

  • Commercial Replication risks

  • Regulation and Governmental Action

  • Conclusions

5

Financial Feasibility

Financial Feasibility

The financial feasibility study section for a Resort feasibility study includes the following items:

  • Pro Forma Assumptions

    • Market Rents

    • Vacancies

    • Absorption

  • Pro forma (10 years)

  • Lease Up Analysis

  • Discounted Cash Flow Analysis (DCF)

  • Internal Rate of Return (IRR) Analysis 3-, 5-, 7-, and 10-year hold

  • Debt Service Coverage Ratio (DSCR)

  • Sensitivity Analysis

  • Breakeven Analysis

  • Conclusions

6

Management Feasibility

The Resort feasibility management feasibility  includes:

  • Summary of your experience and education, training for all owners with a 20% interest or more

  • Ownership interest summary

  • Availability of short-term credit

  • Tax issues

  • Company organizational chart

  • Type of legal entity and information concerning its formation

  • Conclusions

Why choose Wert-Berater, Inc. for your Resort Feasibility Study and what sets Wert-Berater, Inc. from their competitors?

We are a small and focused firm that specializes in feasibility studies since 1998 having over 25-years of experience.  

We are lender underwriting report focused, thereby your lender will be provided with the appropriate third party assessment of your project. 

We understand the loan underwriting process. 

 

Over the decades, feedback from lenders has helped shape our Resort feasibility studies to comply with underwriting demands.

Moreover, we have experience in a wide array of markets and resort types.  

We also evaluate competitor operating costs and refer to information provided by Reis, Inc., CoStar Group and Moody's Analytics, Smith Travel Research, industry reports as applicable, local, regional, international as applicable.

We also subscribe to platforms such as RMA (Risk Management Association), ArcGIS Business Analyst, and Dun & Bradstreet which provides us with localized competitor financial data.  

Our Resort feasibility studies are bankable feasibility studies mostly used for to support loan applications. 

Get in Touch

Book an online Zoom Meeting to interview us concerning your Resort Feasibility Study needs

Resort Feasibility Study Consultants
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