Real estate investor and developer Paul M. Coury, chairman of Coury Properties, has created the Coury Collection, a professional services consultancy dedicated to the development and management of boutique hospitality properties.
The Coury Collection offers consulting services to property owners or investors considering hotel development plans. With more than 30 years combined hospitality-related experience, The Coury Collection team offers a broad range of hospitality development and operations expertise.
The Coury team is skilled in all facets of property development including feasibility studies, land acquisition, design consulting, construction, pre-opening sales, FF&E purchasing, and staff development. Clients renovating an existing hotel, considering purchasing a hotel, or exploring the viability of retrofitting a building for hospitality purposes can seek the services of Coury on all or only a portion of their needs.
“We have extensive experience as a full-service property and construction management company,” explains Coury. “And within the hospitality sector, we specialize in turnkey solutions for owners and financial institutions. Our approach is very hands-on, very creative. Our goal is to help clients make informed decisions.”
Consulting and management services provided by the new business unit include:
- Market analysis
- Planning and research
- Property/physical plant assessments
- Lender relations
- Property acquisition or disposition
- Restorations and enhancement of property value
- Design consulting
- Technology consulting
- Procurement of furniture, fixtures and equipment
- Restaurant partnership opportunities
- Branding(or re-branding) and private-label development
- Pre-opening marketing
- Customer relationship training
- Personnel selection (or current staff evaluations)
The Coury Collection’s full spectrum of consulting services also covers operations, fiscal reporting and forecasting, customer identification, marketing, e-commerce, and property management after a facility is opened. The firm can also assist from any point in a project’s lifecycle.
Coury has a proven track record of turning around distressed properties. He has overseen more than 20 redevelopment projects in Oklahoma. Additionally, the company has provided asset management services for a $200 million hotel and golf course portfolio spread across the United States and designed three gated residential communities.
Every building has a unique quality you must be true to...
“I can look at the shell of a building and see its potential, both structurally and in the competitive environment,” says Coury. “Every building has a unique quality you must be true to as you endeavor to merge original architectural integrity and neighborhood with modern luxury amenities and site planning.”
Attention to detail and value engineering are hallmarks of Coury’s projects. Coury adds that as a property owner himself, he is dedicated to assisting other visionaries in realizing their plans, while maximizing the value of their asset. “In my hotels I am satisfied with nothing less than above average revenues, market-leading room occupancy levels, and the highest standard of guest relations,” says Coury.
“In the luxury hotelier business, our core revenue is repeat business,” says Coury. We bring guests back by treating them with style, going out of our way to serve them, and building relationships. Our approach to hotel development consulting is nothing short of that same commitment.”
Coury will continue to look at unique building acquisition opportunities for his private organization and team of investors to pursue as boutique hotel development sites.