Sheraton Hotel Redding At Sundial Bridge - Redding Record ...

Guestrooms
Back-of-the-House
ADA and
Environmental
Capital Expenditures
Construction Budget
The hotel is expected to feature standard and suite-style guestroom
configurations, and guestrooms will be present on all three floors of the property
within the single building. The guestrooms will average 370 square feet in size
(standard king rooms will measure 309 square feet, standard queen/queen rooms
347 square feet, suites 694 square feet, and the presidential suite will measure 896
square feet) and will offer standard amenities for this upscale product type. ADAcompliant
rooms are approximately 80 to 100 square feet larger. In addition to the
standard furnishings, rooms are expected to feature an iron and ironing board, a
coffeemaker, and high-speed Internet access. Suites, which will be available for a
premium rate, will provide a larger living area with additional furnishings and
other upgraded amenities. Overall, the guestrooms should offer a high-quality
product for this Redding market.
The hotel will be served by the necessary back-of-the-house space, including an inhouse
laundry facility, administrative offices, and a full-service kitchen to serve the
needs of the restaurant and the function space. These spaces should be adequate
for a hotel of this type and should allow for the efficient operation of the property
under competent management.
We assume that the property will be built according to all pertinent codes and
brand standards. Moreover, we assume its construction will not create any
environmental hazards (such as mold) and that the property will fully comply with
the Americans with Disabilities Act.
Our analysis assumes that, after its opening, the hotel will require ongoing
upgrades and periodic refurbishments in order to maintain its competitive level in
this market. These costs should be adequately funded by the forecasted reserve
for replacement, as long as a successful, ongoing preventive-maintenance program
is employed by hotel staff.
The construction budget for the 130-room subject hotel, as provided by the project
developer, is illustrated in the following table. According to the developer, predevelopment
costs spent, as of February 16, 2010, equate to $723,297. The costs
comprise mainly of architectural and engineering fees, franchise fees, project
management fees, civil engineering fees, and interior design fees.
February-2011 Description of the Proposed Project
Sheraton Hotel Redding At Sundial Bridge – Redding, California 31