NORADOS CONSULTING
FINLAND
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NORADOS MANAGEMENT CONSULTING
FROM IDEA TO THE PROJECT
DEFINING THE HOTEL OR RESORT CONCEPT
WHICH CONCEPT WILL BE SUCCESSFUL?
Since a boutique hotel is not the same as a large hotel, and a family friendly resort is different from an adults-only establishment, the first step is to define the type of hotel or resort project that will render the best results in the corresponding scenario. This requires studying a number of aspects, such as the competitors, the investment budget, the market trends and the applicable legislation. Once this has been analysed, we can accurately define which hotel concept will offer the highest yield, now and in the future.
ANALYSING THE PROJECT’S VIABILITY
WILL THE PROJECT BE VIABILITY
Once the hotel concept has been defined, the next step is to analyse the project’s viability in the current scenario. This begins with the general aspects and moves towards the specific details to be identified, including the risks the project may face, the actions to be taken to overcome those risks, the benefits and the potential costs. This analysis enables us to ascertain whether a project is viable and can face the future scenarios that may arise.
ESTIMATED YIELD
WILL THE PROJECT BE PROFITABLE
No one undertakes a hotel or resort project to lose money, so another fundamental step is to first estimate the project’s rate of return. By analysing a number of economic, financial and technical variables, we can define whether a project is profitable or if it will lose money. If the yield is not estimated, we risk losing time, effort and a lot of money on a project that could be disastrous.
FINDING INVESTORS
WHO IS INVESTING IN THE PROJECT?
Once we have a hotel with a defined concept and have analysed the project’s viability and profitability, it is time to find the investors needed to make the project a reality. When referring to investors, these can be public or private, financial institutions, banks or any other type of person or entity willing to invest in our project in exchange for a return on their investment. This last part is the most important because ensuring this yield to the greatest extent possible will make it easier to obtain the necessary funding.
MANAGEMENT COMPANY
WHO IS THE OPERATOR?
To make the most of any hotel or resort project, it is important to have a company with expertise in hotel management and consultancy. Choosing a company that adapts to you and to your needs and those of your hotel or resort is fundamental in ensuring your project optimally reaches the objectives that were set out at the beginning of the process. Norados Management Consulting has the perfect service for your project and we invite you to contact us to learn more.
PROJECT EXECUTION
WHO IS IMPLEMENTING THE PROJECT?
This is the last step. Once everything has been analysed and locked down, it is time to make the hotel or resort project a reality. In this stage, each step must be taken accordingly and progress must be tracked so any necessary adjustments can be made. This enables us to ensure that we ultimately create the hotel or resort that was planned at the start of the project.
And if you are taking the first steps in your project and are searching for a company that can carry it out, Norados Management Consulting has a comprehensive project development service that will help you make your idea a reality. Contact us today!
Background
Founded in 2001, Norados Management Consulting is a consulting company specialising in development of luxury spa hotel, resort and service sector projects in Finland.
For many years, the company has been successfully developing concepts, financial models, business plans, presentations, brands and handmade websites of luxury hotel and resort projects.
One of the company’s specialisations is the search and selection of investors for projects under development. We also have contacts with VIP travel agencies who can recommend your hotel or resort to your future guests.
In addition, Norados Management Consulting offers interim management and organisation of operational management services for small luxury hotels and resorts.
Development
Each development project is a unique opportunity identified by an owner or investor. To achieve success and deliver the required return on investment, strong foundations with a clear vision and concept are essential.
We can collaborate with you at any stage during the project, and drive a focus on the key elements and luxury standards required to achieve the best possible outcome.
If you are developing a luxury hotel, resort or service sector project, we will support and provide advice not only through the concept stage but also during the construction phase. Our detailed concept plans ensure that architects and all other third party companies involved in the development are focused on the quality standards necessary for the luxury hotel to meet the financial objectives.
As a niche business, we are able to offer an exclusive range of contacts and suppliers covering every aspect of the luxury or boutique hotel or resort sector. These range from professionals such as architects and interior designers, through to specialist functions such as valuations and commercial kitchen designers.
As a business-to-business service, our solution means that the Norados Management Consulting name remains firmly in the background. Our focus is to drive equity of your individual hotel brand.
Corporate Social Responsibility
Caring Luxury, our corporate and social responsibility programme demonstrates how luxury can be both enriching and rewarding, without the need to compromise the comforts and service of a luxury hotel experience.
By adopting a balanced approach to the development of hotels and resorts, we are able to ensure that all aspects of the local environment and economy are considered and supported.
With each new development, the implementation of Caring Luxury helps to maximise the positive effects of tourism, by creating jobs in local communities and benefiting small businesses. The programme also identifies ways to conserve and protect local areas and makes guests aware of local cultures and traditions.
“Long-range planning does not deal with future decisions, but with the future of present decisions.”
Vadim Kasarnovski
CEO of Norados Management Consulting, Project Director
As a consulting and management company, our objective is to create a profitable hotel or resort by offering the best luxury experience to our customers. We achieve this through a very “hands on” management style. We can also offer interim management. Contact us, to hear more about it.
Our values, standards and procedures ensure meticulous attention to detail across all business areas. If we do something, we do it in the best way.
