Hunden Summer Portfolio PDF

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    Project Data

    Key Scope Items:

    Market and Financial Feasibility of Navy Pier Renovation and Expansion Financing Plan and Tax Projections Economic Impact Analysis RFQ/P Hotel Developer process

    Development Budget: $377,025,000

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Shaun Hunt, Eric Hunden, Elisa Martinez, Kord Golliher

    Time of Service: 2013, 2014

    Chicago Navy Pier Renovation and Expansion Project Chicago, Illinois

    Navy Pier, Inc. is currently embarking on a renovation and expansion. The revitalization is planned to improve existing features while adding new revenue generating components to the largest tourist attraction in the Midwest (nearly 10 million visitors annually). Once completed, the project will expand the demographics served and extend the commerce on Navy Pier later into the night and beyond the warm months to create a year-round destination.

    HSP analyzed the plan and projected the future results of all revenue streams, which include: Tour Boats Restaurants, Retail, Kiosks and Carts Attractions & Pier Park Rides Advertising & Sponsorships Festival Hall Events, Ballroom Food & Beverage Special Events & Entertainment New Boutique Hotel New Nightlife District

    In addition to the market feasibility and financial projections, HSP projected the new tax impacts of the project on city, county and state.

    HSP is also conducting the hotel developer selection process.

  • Project Data

    Key Scope Items:

    Potential Grand Wayne Center Expansion Feasibility Convention Hotel Package Expansion Feasibility Marketing Effectiveness Analysis Visit Fort Wayne

    Development Budget: TBD

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Shaun Hunt, Kord Golliher

    Time of Service: 2005 and 2014

    Grand Wayne Center & Hotel Master Expansion Plan Fort Wayne, Indiana

    Mr. Hunden has managed multiple studies related to the Grand Wayne Center (GWC) and its hotels, as well as analysis of the related marketing arm, the convention and visitors bureau. HSP has also completed a separate set of studies for a downtown entertainment district. The first analysis was a complete study of the downtown hotel market to recommend a hotel to meet the needs of the then-expanding convention center. This comprehensive report was completed in early 2004, recommending a mostly-full service connected convention hotel. Ultimately the City was able to induce the development of a 250-room Marriott Courtyard convention hotel connected to the Grand Wayne Center and overlooking Parkview Field ballpark. The hotel, complete with a full-service restaurant and room service, opened in the summer of 2010. In the current study, HSP is conducting a master plan for the next generation of convention and hotel needs and opportunities in Fort Wayne. This may include an expansion of the Grand Wayne Center, new or expanded hotels, as well as other key components that would maximize the citys attractiveness for conventions. In addition, HSP is analyzing the current marketing strategies used by the GWC and the CVB to recommend improved ways of marketing and selling the GWC and downtown.

  • Project Data

    Key Scope Items:

    Convention Center Competitiveness Analysis Convention Hotel Market Analysis Demand & Financial Projections

    Development Budget: $40 - $50 million

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Eric Hunden, Shaun Hunt, Kord Golliher

    Time of Service: 2014

    Hampton Convention Hotel Study Hampton, Virginia

    Hunden Strategic Partners (HSP) performed two separate but interwoven studies in Hampton, Virginia for Urban Design Associates and the City of Hampton, Virginia.

    For the convention hotel Study, HSP analyzed the market and financial feasibility as well as the economic impact for one or potentially two hotels to compliment the existing Hampton Roads Convention Center and 300-room Embassy Suites. This is part of a larger effort to update the plans for the area related to convention, events and hotels. HSP assessed the convention center and headquarter hotel industry trends, conducted a hotel market analysis and competitive set review, executed a site analysis, made recommendations and performed an economic, fiscal and employment impact analysis. HSP recommended a second headquarters hotel within three scenarios that Hampton can choose, which would make it more competitive for meetings and events and balance the convention space with the quality hotel inventory.

    In addition, HSP was contracted to perform residential, retail and restaurant, office space, hotel and attractions market analysis and inventory for specified areas around the convention center district as well as a downtown site.

  • Project Data

    Key Scope Items:

    Real estate market analyses for office, residential, retail, restaurant, hotel Planning recommendations Viability analysis and incentive advisory

    Development Budget: TBD

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Eric Hunden, Shaun Hunt, Kord Golliher

    Time of Service: 2014

    Hampton Real Estate Planning Studies Hampton, Virginia

    Hunden Strategic Partners (HSP) performed two separate but interwoven studies in Hampton, Virginia for Urban Design Associates and the City of Hampton, Virginia.

    HSP was contracted to perform residential, retail and restaurant, office space, hotel and attractions market analysis and inventory for specified areas around the convention center district as well as a downtown site call Harbor Square and the larger Brights Creek area.

    The city is interested to know what types of developments should be pursued on these varied sites so that they may induce developers to undertake successful developments in a mixed-use environment. HSP is conducting full market analyses of each potential use.

    The study areas that HSP is analyzing are quite different from each other. For the Crossroads site, which includes the existing Coliseum and Hampton Roads Convention Center, the layout include large suburban style parking lots and sites, upscale retail and restaurants, as well as upscale office and residential uses. In the downtown site areas, the situation includes a mix of lower, middle and upper income housing, struggling retail, a hodge podge of restuarants and many sites that are brownfields or in need of redevelopment.

  • Project Data

    Key Scope Items:

    Feasibility Study Sports Market & Facilities Analysis Comparable Facility Analysis Supporting Amenities Profile Demand & Financial Projections

    Project Budget: TBD

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Shaun Hunt, Eric Hunden, Kord Golliher

    Time of Service: 2013 - 2014

    Youth Sportsplex Feasibi l i ty Study Jefferson Parish, Louisiana

    Hunden Strategic Partners (HSP) was engaged by the Louisiana Stadium and Exposition District (LESD) to study the need and opportunity for the development of a multi-purpose indoor and outdoor athletic development.

    HSP is performing a market assessment, revenue projections and operation costs for the project. The analysis also included a comprehensive market analysis for the various sports and facilities to determine the local need as well as any potential opportunity for tournaments. A review of competitive and comparable sports facilities in the area as well as across the country is being conducted to determine if there is enough excess demand that a new facility in Jefferson Parish could attract. HSP is also performing demand and financial projections for the proposed complex.

    HSP is involved in a three Phase analysis for this project, including a youth sports tournaments and opportunity analysis, site analysis, conceptual design and budget, and an economic, fiscal and employment impact analysis.

  • Project Data

    Key Scope Items:

    Market and Financial Analysis; KTDA Application Review Comparable Bourbon Distillery Visitor Center Case Studies Economic, Fiscal and Employment Impact Analysis

    Development Budget: $2,025,000

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Shaun Hunt, Eric Hunden, Lynn Marcello, Kord Golliher

    Time of Service: 2014

    Makers Mark Visitor Center Expansion Study Loretto, Kentucky

    Hunden Strategic Partners (HSP) is evaluating Makers Marks application to the Kentucky Tourism Development Act (KTDA) to expand their visitor experience to include a new welcome center, more parking, a new cave and culinary experience and expanded event offerings. The current experience is currently overwhelmed with visitors and cannot accommodate the traffic that comes for the experience.

    In its analysis, HSP is completing a full market and revenue projection study for the facility and will determinee the economic, fiscal and employment impact for the project. This includes a comparable analysis of existing visitor centers located at distilleries along the Kentucky Bourbon Trail. Bourbon related tourism is also being analyzed, including attendance, demand and the size of comparable facilities.

  • Project Data

    Key Scope Items:

    Entertainment, Retail & Restaurant Market & Financial Analysis Tourism Analysis: Gaming, Retail & Recreation/Lakefront Hotel Analysis Economic, Fiscal & Employment Impact Analysis

    HSP Professionals Involved in Project: Rob Hunden, Ethan Olson, Shaun Hunt, Kord Golliher

    Time of Service: 2014

    North End & Downtown Entertainment Distr ict Study Michigan City, Indiana

    Mr. Hunden, along with Hitchcock Design, served as the consultant team evaluating the hospitality, entertainment, dining and retail market in Michigan Citys North End district. Currently the city is undertaking a gateway implementation project for the North End and lakefront areas. New directional signage has been erected around the City to direct residents and visitors to the key demand generators, such as the Blue Chip Casino complex, the Lighthouse Place outlet mall, downtown and the beach/lakefront area. Hotel, entertainment, dining and related developments/uses are the focus of the study, as these are a natural extension of the visitor/tourism infrastructure already in place. The scope included developer interviews, market analysis, comparison to similar projects, financial modeling, and impact modeling, as well as the final report and presentation. The HSP team proposed to show how smart development of catalytic projects have, in fact, led to more investment, more residents, more visitors and improved economies.

  • Project Data

    Key Scope Items:

    Tourism Asset Profile: Attractions, Gaming, Retail, Events, Restaurants and Recreation; Trends

    Hotel, Arena, Arts & Entertainment Facilities Analysis Convention, Meeting & Event Package Profiles Economic, Fiscal & Employment Impact Analysis

    Development Budget: TBD

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Kord Golliher

    Time of Service: 2014

    Milwaukee Downtown Hospital i ty & Entertainment Market Research & Capacity Study Milwaukee, Wisconsin

    Hunden Strategic Partners was hired by the Business Improvement District No. 21 to assess Downtown Milwaukees competitive edge as an entertainment and hospitality destination. HSP assessed the markets for opportunities and gaps in hospitality, nightlife and entertainment. The approach to the study involved profiling the major building blocks of the Milwaukee destination experience. The first phase was an overview and profile of what exists without considerable depth in terms of performance profiles with a focus on the peer city comparisons which show how Milwaukee stacks up against similar sized markets in terms of the various assets the city offers. The scope included developer interviews, market analysis, comparison to similar projects, financial modeling, and impact modeling, as well as the final report and presentation. Phase II of the Study will involve in-depth market and financial analysis for the recommended projects discussed during Phase I. It will also analyze the economic, fiscal & employment impact for each of the recommended projects.

  • Project Data

    Key Scope Items:

    Convention & Conference Center, Hotel Analysis and Feasibility Study Restaurant, Retail and Entertainment Development Advisory Demand and Financial Analysis Economic, Fiscal and Employment Impact

    Project Budget:

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Eric Hunden, Shaun Hunt, Kord Golliher

    Time of Service: 2014

    Convention, Civic Arena and Conference Hotel Study Muskogee, Oklahoma

    Hunden Strategic Partners (HSP) was retained by the City of Muskogee, Oklahoma to conduct a feasibility and market study for a new hotel and conference center as part of an expansion of the offerings of their current Civic Center, located downtown.

    HSP conducted a full market and financial feasibility study for the conference center hotel and made recommendations for their aging and faltering Civic Center, which includes a small arena and meeting rooms. The lack of ballroom, multiple breakout meeting rooms, a hotel and restaurants inhibits the citys ability to attract events.

    The analysis included a hotel market analysis, review of the current downtown Civic Center, recommendations for new conference and meeting facilities, recommendations for improvements to the Civic Centers facility and operations, and projections for proposed facilities. A private developer has been tapped to move forward with the recommended conference center hotel adjacent to the Civic Center.

  • Project Data

    Key Scope Items:

    Convention Center & Hotel Market & Feasibility Analysis KTDA Application Review Economic, Fiscal and Employment Impact Analysis

    Development Budget: $18,550,000

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Shaun Hunt, Lynn Marcello, Eric Hunden, Kord Golliher

    Time of Service: 2014

    Paducah Convention Hotel Impact Analysis Paducah, Kentucky

    HSP is evaluating the application to the Kentucky Tourism Development Act of a convention hotel in downtown Paducah. The 83,000-square foot convention hotel is proposed to be located on 3.3 acres at a cost of $18,550,000. The six-story 121-room Hilton Garden Inn convention hotel will be directly connected to the Paducah Convention Center, which has not had a hotel since the Executive Inn was demolished. HSPs analysis of the project includes:

    Convention Center history & future demand projections with the hotel

    Comparable Facility Profiles

    Local Competitive Hotel Analysis

    Hotel Demand and Financial Projections

    Projection of Net New Demand from hotel

    Economic, Fiscal & Employment Impact As a result, the net or incremental tax, employment and economic impact from the renovation will be established.

  • Project Data

    Key Scope Items:

    Convention, Exposition Competitive Assessment Operations and Market Opportunity Analysis Expansion/Renovation Study

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Kord Golliher

    Time of Service: 2014

    The Port land Expo Center Analysis Portland, Oregon

    The Metropolitan Exposition Recreation Commission (MERC), engaged Hunden Strategic Partners to perform a competitive analysis of the consumer show market. The focus for expansion/renovation of such facilities was to provide facility and business approach recommendations. Although profitable in recent years, the Portland Expo Center has experienced a recent decline in revenue and faces greater competition among comparable venues.

    HSP is completing a full operational, financial and physical analysis of the existing center to determine its optimal strategy. This analysis included a look at competitive event facilities around the region to determine how best to position the Portland Expo Center to compete long term. HSP will analyze and project operating expenses and revenues from any proposed expansion, renovation and/or marketing/operational changes.

  • Project Data

    Key Scope Items:

    Observation Deck Market Analysis Tourism Market Analysis Comparable Facility & Site Analysis

    HSP Professionals Involved in Project : Rob Hunden, Ethan Olson, Shaun Hunt, Lynn Marcello, Eric Hunden, Kord Golliher

    Time of Service: 2014 - Present

    Tower & Observation Deck Tourism & Market Studies

    HSP has been retained by private developers and operators of skyscrapers and observation decks to perform market and tourism studies for their proposed observation decks and towers in major US cities. For these studies, HSP analyzed the local tourism market, potential competition for the observation deck, the iconic nature of the structure, the experience, thrill features, tourist patterns, ticket price sensitivity, origin of users and other factors that lead to determination of potential performing. The observatory business is often on of the most compelling real estate portions of a skyscraper, as it can generate large amounts of revenue per square foot. HSP compiles and analyzes the projected revenue of the observation deck including restaurant, gift shop, thrill features and ticket sales. HSP completes market penetration and utilization rate analyses utilizing metrics gleaned from comparable and competitive environments in addition to other methods to arrive at its conclusions.

    Cover PageHSP Client Map 5-15-14Chicago, IL - Navy Pier Renovation & Expansion 7-10-14 rhFort Wayne, IN - Grand Wayne Center & CC Hotel 3-18-14Hampton, VA - Hotel Analsysis 7-10-14 rhHampton, VA - Master plan Analsysis 7-10-14 rhJefferson Parish, LA - Youth Sportsplex 7-10-14 rhLoretto, KY - Makers Mark - 5-14-14 rhMichigan City, IN - Downtown Entertainment District 7-31-14nvMilwaukee, WI - Downtown Entertainment & Hotel Analysis 7-31-14nvMuskogee, OK - Convention Center and Hotel 7-10-14 rhPaducah, KY - Convention Hotel - 5-14-14 rhPortland, OR - Portland Expo Center 7-9-14 rhUSA - Observation Decks 7-10-14 rh