Laserfiche WebLink
2 , <br /> 111 <br /> • <br /> 1. Chapter 1 Nature of the Assignment <br /> i <br /> IMr. Daniel Hall engaged Marketing & Development Associates, an independent <br /> hospitality consulting firm, to review the hotel Market Analysis & Economic Feasibility <br /> I Study that was prepared in December 1995. We were asked to review the original <br /> report, the lodging supply and the lodging demand in the market area. <br /> I Since the completion of the original report Mr. Hall has indicated that numerous steps <br /> have been taken regarding the planning of their project. The development has been <br /> analyzed in detail, franchises have been reviewed and it has been confirmed that the <br /> Dhotel would be professionally managed by an experienced management company. <br /> In short, Mr. Hall has asked that we discover any significant changes to the market <br /> Isituation --- changes that would influence the viability of a new hotel in Mounds View <br /> To make our final determinations we have revisited the hotels that were included in <br /> . the original report, conducted interviews with area townships, city offices, hotel <br /> franchise development representatives and numerous hotel developers. We have <br /> also contacted representatives from various demand generators that are reviewed in <br /> I . the December 1995 report. <br /> I <br /> We have addressed each section of the report in the following pages. <br /> I . <br /> I <br /> I <br /> t <br /> I <br /> 1 <br /> . x <br />