Paragon Hotel Corporation

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Development Services

Project Development

Our development staff has the capability and expertise to carry out all functions required to develop a quality hotel project on time and within an approved budget.  Paragon's development capabilities include a network of individuals with vast experience in the fields of conceptual design, project feasibility, construction management and project accounting.  Hotel development experience and expertise is conveyed to project architects and designers and reflected in their work.  Paragon remains excited and committed to developing quality hotel projects.

For properties under development, Paragon is able to offer a variety of pre-construction, construction and post construction services to its clients and partners.  Typically Paragon will enter into a "Technical Assistance Agreement" which will contractually outline the services requested by the ownership group, and the associated cost of those services.  The outline on the following page highlights the general services which Paragon is able to provide during the development process.

Consulting, Receiver and Trustee Services

In recent years Paragon has performed several consulting assignments for lenders and operators for troubled properties. These often included recommendations for continued operations to enhanced equity, closing, immediate sale or franchise acquisition.
Paragon and its officers have served numerous times as court appointed monitors, receivers and trustees.

Completed Development Projects

LOCATION BRAND SIZE VALUE
Spokane, Washington Ramada Inn 170 Rooms $8,000,000
Bozeman, Montana Ramada Inn 104 Rooms 5,000,000
Sun City, Arizona Ramada Inn 104 Rooms 5,000,000
Scottsdale, Arizona Office Complex 13,000 Sq. Ft. 1,000,000
Scottsdale, Arizona Condominiums 30 Units 4,000,000
Tucson, Arizona Embassy Suites 207 Suites 21,000,000
Phoenix, Arizona Paragon Plaza Office Complex 65,000 Sq. Ft. 12,000,000
Tucson, Arizona Hotel Park Tucson 217 Suites 22,000,000
Baton Rouge, Louisiana Embassy Suites 224 Suites 24,000,000
Sedona, Arizona Los Abrigados Resort 186 Suites 36,000,000
El Paso, Texas Hilton Hotel 272 Units 28,000,000
Sierra Vista, Arizona Ramada Inn 150 Rooms 8,000,000
Milwaukee, Wisconsin Embassy Suites 203 Suites 25,000,000
Tucson, Arizona Hampton Inn 127 Rooms 8,000,000
Rancho Mirage, California Viscount Hotel 250 Rooms 30,000,000
Casa Grande, Arizona Holiday Inn 180 Rooms 12,000,000
Maui, Hawaii Independent Suite Hotel 324 Suites 59,000,000

ESTIMATED VALUE OF DEVELOPED PROPERTIES:            $308,000,000

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