complete a need analysis for type of hospitality business you think is most suitable
- Area, demographic, and neighborhood analysis
- Site review – what is available, think location, location, location; what is already in the area; what is the draw to the area
- Proposed development costs – will you build or renovate; what is the going cost per foot for each; cost for facility design, decorating.
- Market analysis – who are the stakeholders; who will you market to; is it seasonal