Kalis Property, a division of the Kalis Group, was building an international hotel as part of Hobart’s largest CBD mixed-use development. We were engaged to undertake a market demand study and financial projections, conduct an operator selection process and HMA negotiation, and to assist in finalising the hotel plans and designs for the proposed hotel.
We completed the market demand study and financial analysis and provided advice to maximise the hotel opportunity. Subsequently we were engaged to assist in the selection of an international hotel operator and negotiation of the Hotel Management Agreement. We reviewed the initial architectural plans and provided design advice to secure the hotel ‘s value within both the development and the Hobart marketplace. Additionally, we were engaged to join the project control group on the construction consulting team, and then to support the fit-out and hotel opening. Today we are retained as the hotel’s asset manager and owner’s representative.
Hobart, Tasmania
The 241-room Crowne Plaza Hobart opened successfully and is trading ahead of its competitive set. We were active throughout the design and build phase and post-opening and have assumed the role of hotel asset manager and owner’s representative, collaborating with the hotel management team and InterContinental Hotels Group on performance, quality and service delivery to an international standard.
What was originally intended as a discrete research assignment developed into a request to assist Kalis with numerous elements of the project including the help with the valuations process, seeking debt funding, support with various approvals and acting as the Kalis Group owner’s representative. The outcome is a celebration of the heritage value of the site and is a vision realised for the owners, who sought to connect guests and visitors to the natural environment and cultural values of Tasmania.
