CONFERENCE AND CONVENTION CENTER SERVICES Special Focus on the Meetings Industry Pinnacle Advisory Group's professional staff specializing in these services has been actively involved in the meetings industry since the mid-1970's and has participated in the development of many of today's cutting edge conference and meeting venues. Pinnacle's services in this special arena consist of virtually all the services we offer to the hospitality industry in general including market and financial feasibility, valuation counseling, appraisal and asset management services. Convention Center Studies - Breaking Away from the Pack Pinnacle has garnered a well-earned reputation in this industry, standing out from the crowd as the firm that doesn't always say "yes". Recent years have seen an explosion of convention and meeting venues in cities from coast to coast. Seemingly every small to mid-sized city believes that such a facility is the cure-all and the catalyst that will bring desired visitation and rejuvenation. While this is sometimes the case, at Pinnacle we hold firm in our belief that each development requires detailed analysis and due diligence, lest such a project become a burden on the developers and, in frequent cases, the taxpayers. Headquarters Hotel Analysis The development of meeting venues across the country is increasingly being accompanied by concurrent development of adjacent headquarters hotels. As with the convention centers they accompany, such hotels are often deliberated by their hosting city - especially when that city is asked for funding. With our broad base of experience in both the meetings and hotel industries, our ability to provide services with regard to these types of developments is unrivaled in the industry. We can help municipalities see through the excitement and glamor attached to these developments so that the sometimes difficult realities of financial feasibility can be addressed properly. Conference Center Services Since its inception in the 1970's the conference center industry hasevolved dramatically. It has taken on many different personalities in order to thrive through business cycles and changing tastes. In recent years, with increasing pressure to cater to divergent markets, the ability of conference centers to maintain their traditional "learning and living" environment has been under fire. The impact of economic downturns on "The AIG Effect" on the meetings industy has further altered the dynamics of the industry - making it more competitive than ever. No firm offers more depth of expertise and experience in terms of evaluating feasibility of a new development or working to restore and maintain market position with its clients than does Pinnacle Advisory Group. |
