Process is what leads to results.

A detailed assessment of the property through the analysis of technical documentation and verification of its structural and MEP (mechanical, electrical, and plumbing) conditions. This phase helps identify potential issues and estimate future costs for any necessary interventions.

Market analysis consists of evaluating hospitality market conditions, including trends, demand, supply, pricing, and local economic prospects. The objective is to define the product positioning strategy, assess profitability, and mitigate risks associated with the market environment.

This phase focuses on the detailed definition of the hospitality product, including type, dimensions, layout, and design. The goal is to adapt the product to market needs, ensuring it is competitive and aligned with the expectations of buyers or end users.

Once the product has been defined and the existing property drawings have been acquired, a zoning study is developed, defining the general distribution of spaces and functions they will host. This step is essential for the development of the functional layout, which further defines the floor plan and includes an initial furniture arrangement proposal.

Based on the functional layout, the budget is established. This includes all FF&E, fit-out works, construction and MEP works, design fees, and related charges, together with estimated costs. Initially, a general CapEx estimate is prepared; later, as the layout is developed in detail, a comprehensive budget cost analysis is produced.

Financial evaluation of the project, including cost estimation, cash flow projections, and return assessments. The objective is to ensure the project’s financial sustainability and support informed investment decisions.

Review and confirmation of construction standards and budget to ensure compliance and financial suitability for the project.

A crucial step involves organizing the project team, appointing technical consultants for permits and an architect for interior design, in agreement with the client. At the same time, the contractors required for the execution of the works begin to be identified. Coordination is essential for effectively managing all parties involved.

In collaboration with the appointed consultants, we further develop the architectural and MEP projects, including mechanical, plumbing, electrical, and special systems, as well as structural details. Through our coordination, we ensure effective management and optimal synergy among all professionals and project disciplines involved.

The architect or interior designer responsible for the stylistic concept presents a mood board, including materials and color palettes to be used in the project. Our role is to ensure that it aligns with the product analysis and market positioning strategy.

The preparation of the bill of quantities — the document that quantifies works and defines costs — is carried out by an appointed consultant and must strictly follow the guidelines established in the previously approved budget cost analysis.

Once the layout, budget cost, and bills of quantities have been defined, the tendering process for construction and MEP contractors can begin. It is essential to carefully analyze the received quotations to ensure that all contractors have priced the same scope of work and that the proposals are therefore comparable.

After selecting the contractors, the construction contracts are finalized. Thanks to our experience, we are able to anticipate potential issues and include protective clauses in the agreements — aspects that clients may often find difficult to address independently.

Before construction begins, a detailed project schedule is prepared, outlining the timelines for permit applications, delivery of design and executive documents, commencement of works, and all construction phases through to project completion.

Once furniture, finishes, and materials have been defined, quotations from suppliers are requested. At this stage, preparing benchmarking comparisons is often essential to evaluate the various offers. It is also crucial to ensure that all proposals remain aligned with the approved budget.

Coordination is an ongoing activity that extends from the design phase through to project completion. At this stage, as the project team expands, careful coordination becomes fundamental.

During the construction process, careful cost monitoring is essential. Based on completed activities and received invoices, we ensure continuous control to verify that all expenses remain aligned with the initial budget.

Effective coordination of construction companies, MEP contractors, and material and equipment suppliers is essential to ensure compliance with timelines and the final quality of the product.

Regular site visits are carried out to monitor construction progress. This ensures compliance with timelines and consistency between the quality of the works performed and the costs initially established.

Following site inspections and coordination activities, periodic or ad hoc project reports are prepared whenever necessary. These reports describe completed and upcoming work phases, highlight any issues encountered, and propose suitable solutions.

Once the works are completed, a final report is prepared. After collecting all invoices, a final cost reconciliation is carried out and compared against the initial budget to ensure that all expenses remained within the original estimates.