Database Terms

Construction Phases

1. Vision 

The vision phase describes a project as a project idea and the implementation can not be guaranteed at this time. From our experience, about 60-70% of the project ideas are being realized. 

The following participants can be identified in this construction phase:  Investor (Owner), Developer and/or the Architect.

2. Pre-Planning

In the pre-planning phase, we verify the project. If a project is in this phase it usually is being realized. This phase is mostly about planning the design and the cost estimation. The parties involved here are the investors, owners and hotel project developers, as well as the architecture office, which is responsible for the planning and in most cases also for the implementation of the hotel project. 

3. Planning

The planning phase is the concrete implementation of the pre-planning and cost estimation with all the requirements and service phases of the HOAI. 

In this phase, the interior designer is being requested, commissioned and integrated into the project realization. The planning phase includes the performance phases of property and technical planning, site planning and landscape planning.

In addition, companies from the FF&E area should be starting to get in touch with the contacts of a project in this phase. 

4. Under Construction

The construction phase starts with the groundbreaking of the property. Now it’s a direct structural implementation of the planning on the construction site. The phase ends in our database with the pre-opening phase, although the construction is not fully completed. Besides the architectural office and the interior designer, this is the phase where we look for other important contacts, such as general contractors and/or consultants for specific products and services.

5. Pre-Opening

This phase describes the final path of the project until the opening. Our research team names the address and the hotel’s contact approximately 6 months before the planned opening. The timing of the pre-opening phase can vary because it depends on the project size and category.

The Pre-Opening-Office is a good contact for all information and other contacts that could be important for the supplier industry in the last construction phase, especially for equipment products and services from the OS&E sector.


TBI stands for TOPHOTELPROJECTS Benchmark Investment.
This is an automatic calculation of the investment in million US Dollar that includes: region, country, stars category, size of the construction and, of course, the number of rooms.
Property prizes etc. are not taken into account. The TBI is calculated automatically as soon as the above mentioned factors are entered into the database.

TBI is not for reliability as it is not the actual value, but rather to give you a sense of how the project value might be.

Star Rating

Tophotelprojects is adapting the European system in categorizing the hotels into 1-5 stars. We evaluate hotels worldwide according to this system.
Most of the hotels are branded by a specific Hotel Brand, which sets its own standards and therefore is settled within a definite “Star-Rating” (e.g. Fairmont Hotels > always 5*).

Independent hotels are rated according to the facilities they will have.