Opportunities, implicationsand challenges for the realestate sector
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Real Estate, Hospitality & Construction | Capital Confidence Barometer | May 2016
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Real Estate, Hospitality & Construction
Building your business future
Today’s real estate, hospitality and construction companies must adopt new approaches to address regulatory requirements and financial risks – while meeting the challenges of expanding globally and achieving sustainable growth.
Our Real Estate, Hospitality & Construction practice has the ability to mobilize a team of seasoned professionals to address complex and demanding challenges and provide seamless service on a global basis. We can help move you forward. Are you ready to break ground? In working with you, we draw on our industry knowledge and insight to help you strategically position yourself – wherever you are in the world. Let us help you better understand some of our core services:
- Strategic business planning
Knowing where to play is as important as knowing how to play. The primary goal of our Strategic Business Planning services is to serve as the main advisor to individuals and corporations.
Our approach consists of understanding your goals and objectives, identifying market alternatives, evaluating and analyzing different scenarios, and assisting you in developing an actionable business plan.
- Valuation Advisory
The need for accurate and reliable real estate valuation is a key to the success of any property investment. Real estate valuation is necessary for a variety of reasons such as acquisition, investment, development, financial reporting, mortgage, litigation etc . Our services help you assess the market value of your real estate and hospitality assets based on different market valuation methods in accordance with the latest IVSC and RICS valuation standards.
Our extensive experience include valuing different type of properties to include residential, commercial, retail, hospitality & leisure, industrial, lands, plant & equipment, healthcare and public facilities.
- Financial and commercial due diligence
Performing financial and commercial due diligence on any target acquisitions in the real estate and hospitality sector that you intend to make.
- Development advisory services
Our services include site evaluations and strategic market research, which consist of an international benchmark of relocation incentives and a general market overview of a selected group of real estate uses.
We also conduct alternative industry cluster analysis, including potential industry cluster requirements and market positioning of the proposed Development and provide international/regional benchmarks of master planned cities and real estate development strategy.
- Market and financial feasibility studies
We perform market and financial feasibility studies for your project, which involve a site inspection and evaluation, economic and demographic environment of the market, and independent analysis of the real estate market, which would include both existing and proposed supply. In addition, we review the facilities program and comment on the number of units, size, unit mix and appropriate mix of facilities.
The end result is an evaluation of each project component in terms of demand and revenue generation potential and provides details of estimated operating costs and potential earnings estimates.
- Highest and best use analysis
We assist you in preparing a highest and best use study for your Project, which identifies physically possible and market driven uses for the available land. The study involves a high level market review in regards to the market background, current and future supply, trends in demand and pricing levels.
We present to you a short list of potential real estate uses based upon a weighted analysis and co-develop the major assumptions forming the basis for estimated operating costs culminating in indicative cash flow statements for each potential use.
- Operator Search and selection management contract reviews
Selecting the 'right' management company is key. Our services are designed to select a management company/operator on a timely basis to meet our client’s needs as well as to provide professional advise during the contract negotiation process.
We create value by aligning the vision of the asset with return expectations, providing an equitable and analytical selection process, providing indispensable knowledge of the industry and players, benchmarking commercial contract terms and assisting the client in the implementation of the management company relationship.
- Repositioning analysis
Staying ahead of your competitive set is your challenge? Wondering where to invest your money to improve your bottom line?
We can benchmark your property and help you identify your key opportunities for improvement: renovation, re-branding, cost containment, enhancing product/services quality, increasing product/service differentiation, improving the sales/marketing strategy in rooms, food and beverage, meeting/banquet and all other revenue generating departments.
- Project management services
Development Management Services
Our development advisory specialists provide expert services to all phases of the development process, from project advisory and budget planning to project closeout. We provide our clients with efficient solutions for organization and coordination of design works, project development cost estimation & development schedules.
We also identify & manage project teams, develop procurement strategies, contract forms for design & construction work, organize tenders for selection of designers/master planners & assist in contract negotiations.
Pre Contract Services
Our Project Management team oversees all types of building projects from project preparation through to Contractor Award. We manage on behalf of the client, the day to day management of all the project team consultants including selection of architects & other design professionals, scheduling & budgeting, cost & quality control, administration of the project & preparation of tender documentation to engagement.
Post Contract Services
Our Project Management team oversees all types of building projects during the Post Contract stages of a project during Construction. We act as the Clients' representative during the Construction phase of the project overseeing the Construction Manager and/or Supervision Consultant/s scope. This includes project monitoring, client reporting, programme management, contracts management & budget/cost Management.
Operational Phase Services
Our operational phase services related to real estate organization strategies, facility management & relocation to new premises can ensure that your assets are maintained properly, and can meet, and often exceed, expected useful life. By calibrating, servicing and utilizing in a manner that maintains its efficiency, our expert specialists can make sure that your facility assets remain a productive part of the business rather than a burden.
Transaction Real Estate, Hospitality and Leisure,
Middle East and North Africa
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EY is the largest and most integrated professional organization operating in the Middle East, with 21 offices in 16 markets throughout the region. Learn more.
Hotel Benchmark Survey
EY’s Hotel Benchmark Survey reports cover occupancy and rate performance in key hotel markets across selected countries and cities in the Middle East on a monthly and year-to-date basis in local currencies and US dollars.
The monthly Middle East hotel benchmark surveys are part of our services to the hospitality sector. Please see our Real Estate library archive for previous editions.