Project Scope

Our team was engaged by the management company of an existing convention center hotel to conduct an Impact Study and Incentive Review for a newly proposed additional convention center hotel. The project aimed to evaluate the potential economic benefits and the strategic role of the new development in enhancing the region’s hospitality and event landscape.

The study began with a detailed analysis of the proposed hotel’s potential impact on the local economy, including job creation, visitor spending, and tax revenue generation. Using industry benchmarks and advanced modelling techniques, we quantified the direct, indirect, and induced economic contributions expected from the development. This included assessing its capacity to attract larger conventions and events, thereby increasing overall visitor numbers and boosting local businesses.

Simultaneously, we conducted a comprehensive review of available incentives to support the project. This involved evaluating public-private partnership opportunities, grants, tax abatements, and other financing mechanisms that could enhance the financial feasibility of the development. Our analysis ensured that the incentives were aligned with both public interest and the client’s business objectives.

Stakeholder engagement was a critical component of our process. We collaborated with local government officials, tourism boards, and community representatives to understand regional priorities and secure buy-in for the project. This helped position the proposed hotel as a catalyst for economic growth and a valuable addition to the convention center district.

Our final report provided the client with a clear roadmap for navigating the incentive landscape and demonstrated the long-term economic benefits of the project. The findings helped the management company advocate effectively for the proposed hotel, ensuring it would contribute to the area’s growth while complementing the existing convention center hotel. This engagement highlighted our expertise in aligning economic impact with strategic development goals.

Localização do projeto

Memphis, USA