LAS VEGAS— Those projects with a high income yield will attract “the money.” That was the take of the current lending climate by Luis Acosta, Regent Hotels International at the recent HD 2002 here. Factors that would help projects yield a high income include “location, a correct facility program; a management company that would help deliver the bottom line; solid deal structure; and high quality of construction and design,” said Acosta. Great design can certainly enhance the look of a hotel and the bottom line, he added. To achieve great design on a project, Acosta said it is key for architects and designers be schooled in both areas of expertise, just in case a tight budget dictates the cutting of one of them. Plus, sometimes, he said, the more consultants on a project, the more it is perceived the owner/developer has “lost control” on a project. Designers and architects, Acosta noted, must bring their knowledge and expertise to the table, and should always be up on the latest trends and why they could bring value to certain projects. “Design must be teamed with research. Designers/architects must travel overseas and stay there. They must know about market innovations, and be up on whats cutting edge,” said Acosta. Armed with knowledge, designers/architects can truly influence the look of a hotel, and even the look of an entire brand, as long as they can prove the value for the hotels bottom line, Acosta added.
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