Developers are a remarkably fantastic breed of dream weavers and fantasy-makers, take for instance Walt Disney, a man with a grand desire to develop a place where children of all ages could immerse themselves in the glory of the their imagination.
Today hospitality real estate developers are no different in their desire to build a better, more dynamic, and enjoyable environment for those of us that appreciate a slight departure from the normalcy of our day-to-day lives.
As a developer, real estate is, by its nature, an expensive non-liquid asset. This means that it costs a lot of money to own it, and it can be difficult to sell. In development activity, there are also the added costs of improvements themselves (typically called “hard costs”) and included are the fees of various consultants necessary to get the development work done (typically called “soft costs”).
Since there are significant initial investment requirements, a majority of hotel real estate development projects are financed with a large amount of debt leverage. Projects will generally be profitable if the upfront commitment of cash is kept to a minimum and the project can quickly generating a positive cash flow sufficient to cover debt.
With more than three trillion dollars annually feeding the global hospitality industry there remains considerable motivation for developers to continue to build.
As a designer I am challenged daily with a multitude of new global projects, and though each project varies significantly in it’s scope – the five tenants listed below continue serve as guides in my design execution.
Integrity (actions based on internally consistent principles)
Designers tend to be mysterious individuals as I always say, we are often comparable to the Cobbler who’s children had no shoes… what I mean by this is that though we are always able to pull together designs for someone else, in no time, within budget, and always on schedule (said tongue in cheek) we are often reprehensible when it comes to not designing for ourselves. I’m often quite enigmatic when explaining to guests how I just can’t seem to pull together and complete personal design projects. I believe one of the factors for this madness may be that my plans are often too costly an investment, the furniture I want to buy is often far too expensive, and possibly the stacks of design publications from this year alone that provide far too much design inspiration for this hard to please designer. Evidenced by the abodes of other designer pals, I’m not alone in this dilemma of mal-design – the problem we face is not so much design indecision as much as it is what I prefer to call “high design integrity,” I am far too appreciative of phenomenal design and will not settle for second best.
When designing for a client integrity should not be jeopardized. The Reputation of the company for which I am employed as well as my reputation are non negotiable. Design is paramount and will always remain at the forefront of our minds. Developers hire us not because we can be bamboozled into designing exactly what they the developer wants rather we are hired for our knowledge, experience and unequivocal design savvy.
We serve our clients best by always striving to design with integrity whether facing tight budgetary constraints or limited time it is imperative that we consider that every piece aspect of our design will be on constant display to the most discriminating critics.
Sustainability (caring for our fragile life system)
Here in my small corner of the world I am surrounded by the impacts of global deterioration, be it cultural, ethical or physical. It is evidenced that we are so deeply wedged in the mire of our ways that as it stands we few design do-gooders that attempt as we may to design with as much emphasis on sustainability unfortunately have to face constant pushback inspite of the numerous attempts to undo the global paradox we are facing. Understandably our clients may not see the value of incorporating sustainable practices, what we as designers are responsible for is educating our clients on the value of these practices both environmentally as well as economically.
Longevity (lasting longer than expected)
Endangered design is any design executed – the day a hospitality project is completed and the first guests begin to revel in its glorious execution that is the day that its design is placed on the most endangered list. With the myriad of existent design talent and an unforgiving foray of jaw dropping projects that are daily being ushered on to the market any and all projects no matter of how well designed and how it in that moment it will soon fade. This year alone the design world mourned the loss of one of the great Mammoths of hotel design. The Royalton Hotel in New York. When Originally designed in 1988 by (at that time) a fairly unknown individual by the name of Philippe Starck the hotel became one of the most recognizable feats of boutique design – this hotel became a pilgrimage for many designers myself included. The new design is no less fantastic in my opinion and will last numerous years before itself falling to extinction as a new product is re-imagined by a new wave of developer money. What is important is that each time it is re-imagined is that the design integrity of the original envelope is no less
Innovation (A change for improvement that creates a new expectation)
Innovate or die! This rather harsh quote printed on a poster I recently spied is now burned into my memory and serves as a daily reminder as to the importance of staying on the top of my game when it comes to doing what I do as a designer.
Constantly I am bombarded with the rapidly changing design environment, whether it be from a lecture, a visiting product representative or a new ad in one of the many design magazines that tend to be stacked high on my desk. There is just no end to the ever-changing design environment.
I recently completed an in-depth study for a very high profile client who despite being the owner of one of California’s most recognized hotels is still seeking to offer that which no one else has – just to make sure that they stay at the top of game. It is this type of thinking that developers are seeking form the fastest and most spectacularly growing hospitality design firms today this is the edge that places the hotel development project at the forefront of the industry and therefore places the developer in a very good position.
Travelers have come to expect that their guestrooms contain the same luxuries they have at home if not better. From constantly changing lifestyle trends, to out of date and quickly replaced technology, it is imperative that we continue to provide if we as designers are not willing to do everything in our power to remain on top of this information and provide we will die. DIE!
Value (An aesthetic perception that supercedes the actual cost)
Developers are not in the business of saving lives, nor are they often mistaken for being big philanthropist, this said I in no way mean to leave you with the impression that developers are heartless individuals, there aren’t numerous developers out there who are motivated to be extremely generous in their own right – What developers arein the business of doing is making astronomical amounts of money. Developers work very long and very hard at making sure that every dollar invested is returned and then some. One of the most important ongoing considerations is to where money should be spent that will yield the greatest return or value? Is it in the tactile elements like the guestroom amenities, or is it going to be in the public areas where the great first impression is the overwhelming impact that outweighs all the other inadequacies – however the great dollar ends up getting spent it is most often at the cost of some other area. It is the responsibility of the designer to constantly be on the lookout for the most economical way to trick the eye into believing that what it is seeing is greater than its intrinsic parts.
In neoclassical economics, the value of an object or service is often seen as nothing but the price it would bring in an open and competitive market, this textbook definition is not quite emphatic enough to describe the type of value we as designers are expected to bring to the table when designing for a client. Wholistic not intrinsic value is that which we are expected to bring – we as designers are expected to take a multitude of intrinsic items and weave them together to create something of greater value.











