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Hilton Hotel Annex Sold

Downtown Redevelopment

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#251 Nitixope

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Posted 23 October 2023 - 10:09 AM

I happened to find a presentation given by an accounting firm that deals a lot in the construction industry and thought I'd share a few of their insights into why some construction companies fail:

 

Ten Most Common Reasons for Construction Company Failures:

  • Growing too fast
  • Obtaining work in new geographic region(s)
  • Dramatic increase in job size
  • Obtaining new types of work
  • High employee turnover
  • Inadequate capitalization
  • Buying dumb stuff (cars, boats, ranches, etc.)
  • Poor estimating and job costing
  • Poor cash flow
  • Poor accounting system


#252 arch-image

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Posted 11 November 2023 - 05:13 PM

 

I happened to find a presentation given by an accounting firm that deals a lot in the construction industry and thought I'd share a few of their insights into why some construction companies fail:

 

Ten Most Common Reasons for Construction Company Failures:

  • Growing too fast
  • Obtaining work in new geographic region(s)
  • Dramatic increase in job size
  • Obtaining new types of work
  • High employee turnover
  • Inadequate capitalization
  • Buying dumb stuff (cars, boats, ranches, etc.)
  • Poor estimating and job costing
  • Poor cash flow
  • Poor accounting system

 

That is a very good and true list! It has most of all my favorites. I used to do consulting on helping smallish companies looking to take that next step from small company to midsize. The #1 thing I always stressed, Hypergrowth will kill a company faster than anything. Growth has to stay limited to what staffing, cash flow and focus allows. The second biggest cause of failure is having an owner who has been doing it all and refuses to let go. You can't double or triple the size of your company and still totally micromanage everything like you have been. Figure out what you like the lease and hire the best person you can find to take that one and let them do it. 



#253 JBB

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Posted 25 November 2023 - 12:39 PM

 

Muckleroy and Falls has a good reputation.  It is quite possible that building held more surprises than anticipated.


Theyve been around 40+ years, I fear a lot of contractors might have struggled on this one or maybe the project budget should have been double to accommodate these unknowns. Sometimes the best projects are the ones you dont win.

 

 

Not exactly related to this project, but the CEO of Muckleroy and Falls was killed in a tragic car accident on Wednesday:

 

https://www.fox4news...or-thanksgiving



#254 Nitixope

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Posted 25 November 2023 - 12:44 PM

 

 

Muckleroy and Falls has a good reputation.  It is quite possible that building held more surprises than anticipated.


Theyve been around 40+ years, I fear a lot of contractors might have struggled on this one or maybe the project budget should have been double to accommodate these unknowns. Sometimes the best projects are the ones you dont win.

 

 

Not exactly related to this project, but the CEO of Muckleroy and Falls was killed in a tragic car accident on Wednesday:

 

https://www.fox4news...or-thanksgiving

 

 

https://www.star-tel...e282272123.html

 

https://www.wfaa.com...24-849d8baf00ff



#255 rriojas71

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Posted 25 November 2023 - 07:55 PM

 

 Not exactly related to this project, but the CEO of Muckleroy and Falls was killed in a tragic car accident on Wednesday:

 

 

https://www.fox4news...or-thanksgiving

 

Wow.  That is a very tragic story.  Didn't know him personally but I am close to people who knew him.  Keep his widowed wife in our prayers.



#256 Austin55

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Posted 13 December 2023 - 01:30 PM

Le Meridien getting some press. Opening in the spring. 

https://fortworth.cu...el-texas-annex/

 

https://www.dallasne...pens-next-year/



#257 Nitixope

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Posted 13 December 2023 - 06:25 PM

Le Meridien getting some press. Opening in the spring. 

https://fortworth.cu...el-texas-annex/
 
https://www.dallasne...pens-next-year/


This 14-story downtown Fort Worth hotel opens in 2024. Renderings give a look inside. BY JENNY RUDOLPH

Read more at: https://www.star-tel...l#storylink=cpy

#258 Nitixope

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Posted 16 December 2023 - 11:10 PM

Record AD23-00238: 
Alcohol Distance Check
Record Status: Pending
 
Project Description:
LE MERIDIEN FORT WORTH DOWNTOWN
BQ- WINE AND MALT BEVERAGE RETAIL DEALER'S OFF-PREMISE PERMIT FB- FOOD AND BEVERAGE CERTIFICATE MB- MIXED BEVERAGE
 


#259 ramjet

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Posted 21 March 2024 - 07:00 PM

Looks like the opening has been pushed to June.  From the website:

 

LE MÉRIDIEN FORT WORTH DOWNTOWN - 
OPENING JUNE 27, 2024

#260 John T Roberts

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Posted 21 March 2024 - 08:19 PM

They have been moving slow, so it doesn't surprise me.



#261 Nitixope

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Posted 22 March 2024 - 07:59 AM

Frequently Asked Questions

 

What are the parking options at Le Méridien Fort Worth Downtown?
The parking options at Le Méridien Fort Worth Downtown are:
 
Valet: Per Stay: $45


#262 rriojas71

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Posted 22 March 2024 - 12:12 PM

I'm glad that 8th St between Le Meridien and Deco is finally open.  Gives a good look into the lobby of the hotel which I've been waiting to see.



#263 Austin55

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Posted Today, 06:17 PM

Most construction fencing is down. You can kinda see through the windows into the room, more so in person than in the photos. 

 

BI2qHmZ.jpeg

 

Putting phone against lobby glass,

 

8AyuPSC.jpeg



#264 John T Roberts

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Posted Today, 08:08 PM

The lobby looks like it is going to be nice.



#265 rriojas71

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Posted Today, 09:08 PM

The lobby looks like it is going to be nice.

I agree.  Is there still plans for a restaurant or retail space?







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