complete a need analysis for type of hospitality business you think is most suitable

  • Area, demographic, and neighborhood analysis
  • Site review – what is available, think location, location, location; what is already in the area; what is the draw to the area
  • Proposed development costs – will you build or renovate; what is the going cost per foot for each; cost for facility design, decorating.
  • Market analysis – who are the stakeholders; who will you market to; is it seasonal
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