Lancaster Campaign, Lancaster, Pennsylvania
Hotel-Convention Center — Lancaster, PA
RESGroup completed a market analysis, cash flow, and public/private financing strategy for a proposed hotel and convention/conference center in downtown Lancaster. The developer renovated a historic landmark department store into a 281-room full-service Marriott adjacent to a new convention center and garage in Lancaster. After completing a market and financial analysis, RESGroup assisted in structuring the public/private financing, preparing an RFP for hotel operators, reviewed the proposals, helped negotiate agreements to support the development, and participated in presentations to the public for project approval.