Frequently asked questions about Comprehensive Hotel Market

Unfortunately, due to travel costs and time needs, we would not be able to say on your website how much you would be charged for a study. We can tell you that if you contact us today with a few specifics, we can give you a price over the phone. For all our projects, you are charge a 50% retainer. This retainer covers our travel costs and other reporting costs. The second payment of 50% is do prior to you receiving your draft of the report. We also do not charge you after you receive the final payment for discussions with community leaders, lenders, investors, brands, landowners, and so on. Our pricing is all-inclusive.

Core Distinction Group will work to have your first draft, in your hands for review with-in 30 days of visiting the market If there is any delay on the part of interview phase of the project, your Core Distinction Group representative will be in constant communication of any delays. In some cases the study can take 45 days but we like to under promise and over deliver. 

Easy one! YES! Our Comprehensive Hotel Market Feasibility Studies are accompanied with a brand specific, month by month, year by year financial proforma. If in the future (12 months from the completion of the study) there is a change in  brand, we will edit this to be brand specific. Our other studies (meeting space, retail, restaurant and so on) come with expected revenue  or recommendations. Take minute to request more information if you  would like to see a sample of our work.  

The main purpose for a study is to secure financing and investment for a hotel developer. Our study accomplishes that while offering a piece that also helps community leaders attract new hotel development to their community.

One thing we pride ourselves in is how easy to understand, highly detailed and advanced our reports are. In fact, over 10% of our annual business is clients of our competitors coming to us to redo their work. Our studies can be used in every aspect of the development process. They are used to attract brands to your market, attract banks and investors to your project and bring corporate interest to your community.

Core Distinction Group may be able to help get your community in-front of a developer if the study is less then a year old and done by a reputable firm. Give us a call and we discuss the best options for you. Keep in mind that if your study is 2 or more years old, you will need a new one! 

There is a small percentage of communities we work with that end up not having enough need to justify a new hotel. When this happens, Core Distinction takes two steps:

1.  We contact you ASAP, explain the reasoning behind our determination and check for errors on our part. If both parties agree that we have come to the correct conclusion, we do not move forward and the community is  not responsible for the remaining 50% of our total fee ( the first 50%  is paid at the time of contracting ).

2.  Core Distinction will reach out to the said community in 9 to 12 months  to see if there has been any additional change or growth. If there has been enough growth to determine additional need, Core Distinction will  move forward with the complete study for only the remaining 50% of our  fee.

If at this time there is still not enough need, there are always other options for a community to consider.