After presenting the client with multiple development options for a property, and clearly defining the financial risk / rewards of each of those options, the client may then elect to move forward with Phase 1 – Development Planning & Coordination.
During this phase Orange will work with the client to contract and manage all 3rd party consultants necessary to realize the vision of a project. Clients may elect to be as active, or passive in this process as they wish. Architects, government officials, engineers, and in some cases urban planners and hospitality consultants are all integral components of this process.
Upon completion of this stage the client will possess in-hand all materials necessary to successfully begin construction. From completed architectural drawings, to permits, financing term-sheets, and in select cases, pre-leases or hotel management agreements. Should the client elect to finance a portion of construction through banks or other financing sources, materials provided by Orange are sufficient enough to receive construction company bids (budgets) and financing terms.