Knight Consult

 

Private Sector

For private sector clients Manuel Knight serves property developers and hotel companies on due diligence assignments and property valuations and also advises financial institutions backing such commercial investment through project finance. He has prepared feasibility studies for hotel projects as large as 2,000 rooms [Marriott Marquis at NY Times Square, John Portman architect] and jungle lodges and country inns as small as 15 rooms. He has lead teams of experts for master plans and action plans for entire destinations with fully serviced, dedicated hotel zones. He has prepared expert testimony for litigation involving hotels, resorts and casino operations. Regarding airport infrastructure, he has evaluated projects as major as Osaka's unique Kansai International Airport the world's most costly such facility per square meter. 

Given his intimate familiarity with major world hubs like New York, Paris, Cairo and Tokyo, with commercial real estate trends in many world markets and with global travel patterns, he can critique feasibility studies and property appraisals with perception and complete objectivity. He can quickly assess 20-year hotel cash flow statements and the multi-segment market analyses that underpin the essential financial parameters for hotel projects.

      Primary products

  • Feasibility studies & due diligence for proposed hotels/resorts
  • Feasibility advisory for hotel developers
  • Projections for hotel, retail space for new towns/economic zones
  • Hotel & land valuations plus highest & best use
  • Expert testimony for litigation on hotel cases

     Additional expertise

  • Investment advisory
  • Market research on consumers, travel trade
  • Adaptive reuse of heritage buildings and historic districts

      Selected clients

  • International Finance Corporation, WB Group
  • Asian Develop. Bank
  • Nippon Koei Co Ltd
  • Aecom International
  • PKF Consulting
  • Marriott Corporation
  • Hilton Hotels USA
  • CDC International

      Selected Assignments

  • Willard Inter-Continental Hotel, Washington DC: Prepared a market & financial feasibility study with multiple demand forecasts and 20-year cash flow statement for a major developer. Project rebuilt & expanded the abandoned, historic 350-room Willard Hotel as a designated landmark and flagship for Washington DC's CBD revitalization. Major retail and office additions were evaluated.
  • Highest & Best Use studies for properties in Jeddah, Saudi Arabia: Coordinated teams of US and local market researchers, real estate and financial experts to prepare development schemes and valuations for 4 tracts of up to 24 hectares for mixed-use commercial development.
  • Morgans Rock Pacific Coast Resort, Nicaragua: Assessed the design and management arrangements for a proposed jungle lodge, villas, golf, village and airstrip in a regenerated mahogany forest for a French developer.
  • Holiday Inns Europe, Madrid & Paris: Undertook market and financial feasibility assessments for business hotels proposed at central city locations. Completed overviews of the citywide lodging markets, and formulated 5-year income projections.
  • Livelihoods & Income from the Environment: Designed market research in Egypt and EU nations for 500 tourists, and for 100 tour operators serving the EU-Middle East travel marketplace to gauge Red Sea Riviera market position.
  • Hyatt Corporation and minority shareholder, valuation of Hyatt Cerromar Beach and Hyatt Dorado Beach hotels in Puerto Rico, conference centers, golf clubs, plus related beachfront properties and miscellaneous assets.
  • Egyptian Government Organization for Tourism & Hotels: Prepared pre-feasibility studies for proposed Nile-side international hotel-retail complex in central Cairo.
  • Samuel Montagu Bank, UK: Performed an appraisal of Venezuela’s Carenero yacht club and related membership portfolio for valuing of underlying hard currency debt, for a syndicate of European banks.
  • Subic Bay Leisure & Casino Development: Assessed future tourist industry and casino prospects for this former US military base for Middle Eastern interest with respect to its competitiveness and need for international airline service.
  • Hilton Hotels USA, Marriott International: Prepared strategic expansion plans for South America for short & medium term. Evaluated key business and tourism centers, regulatory environment and socio-economic trends in formulating scenarios of hotel development.

 

 
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