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 Hotel Corporation’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 are conveyed to project architects and designers and reflected in their work. Paragon Hotel Corporation remains excited and committed to developing quality hotel projects.
For properties under development, Paragon Hotel Corporation is able to offer a variety of pre-construction, construction, and post-construction services to its clients and partners. Typically, Paragon Hotel Corporation 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 Hotel Corporation 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 Hotel Corporation and its officers have served numerous times as court-appointed monitors, receivers, and trustees.
Completed Development Projects
LOCATION: Spokane, Washington
BRAND: Ramada Inn
SIZE: 170 Rooms
VALUE: $8,000,000
LOCATION: Bozeman, Montana
BRAND: Ramada Inn
SIZE: 104 Rooms
VALUE: $5,000,00
LOCATION: Sun City, Arizona
BRAND: Ramada Inn
SIZE: 104 Rooms
VALUE: $5,000,000
LOCATION: Scottsdale, Arizona
BRAND: Office Complex
SIZE: 13,000 Sq. Ft.
VALUE: $1,000,000
LOCATION: Scottsdale, Arizona
BRAND: Condominiums
SIZE: 30 Units
VALUE: $4,000,000
LOCATION: Tucson, Arizona
BRAND: Embassy Suites
SIZE: 207 Suites
VALUE: $21,000,000
LOCATION: Phoenix, Arizona
BRAND: Paragon Plaza Office Complex
SIZE: 65,000 Sq. Ft.
VALUE: $12,000,000
LOCATION: Tucson, Arizona
BRAND: Hotel Park Tucson
SIZE: 217 Suites
VALUE: $22,000,000
LOCATION: Baton Rouge, Louisiana
BRAND: Embassy Suites
SIZE: 224 Suites
VALUE: $24,000,000
LOCATION: Sedona, Arizona
BRAND: Los Abrigados Resort
SIZE: 186 Suites
VALUE: $36,000,000
LOCATION: El Paso, Texas
BRAND: Hilton Hotel
SIZE: 272 Units
VALUE: $28,000,000
LOCATION: Sierra Vista, Arizona
BRAND: Ramada Inn
SIZE: 150 Rooms
VALUE: $8,000,000
LOCATION: Milwaukee, Wisconsin
BRAND: Embassy Suites
SIZE: 203 Suites
VALUE: $25,000,000
LOCATION: Tucson, Arizona
BRAND: Hampton Inn
SIZE: 127 Rooms
VALUE: $8,000,000
LOCATION: Rancho Mirage, California
BRAND: Viscount Hotel
SIZE: 250 Rooms
VALUE: $30,000,000
LOCATION: Casa Grande, Arizona
BRAND: Holiday Inn
SIZE: 180 Rooms
VALUE: $12,000,000
LOCATION: Maui, Hawaii
BRAND: Independent Suite Hotel
SIZE: 324 Suites
VALUE: $59,000,000
Estimated Value of Developed Properties: $308,000,000
Paragon Hotel Corporation
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