Andrew Robins, Hospitality Sector Team Co-Chair, wrote an article for Hotel Management offering seven tips to conduct effective due diligence on a hotel within a mixed-use project. Among his tips, Robins proposes buyers to consider the building’s difference combination of uses; conducting a governance regime; and thoroughly examine any physical requirements of the project.
“While a mixed-use hotel theoretically benefits from the synergies between different uses within the project, its development and operation are intertwined with the larger project in many respects that may have either a positive or negative impact,” Robins said.