A Solid Gold Hotel Construction Partnership Built on Trust
Attorney Larry Gates of GSF Legal has plenty of experience with owning and managing winning hotel properties. What he doesn’t know is construction, but he knows how to choose the right construction partner.
Through the years, Larry and his partners have run properties under many flags from New York to Canada, Iowa to Kansas, and Missouri to North Carolina. For the last seven years, they’ve used BBL Construction for everything from guiding a $2.5 million Residence Inn renovation to building new hotels like the Springhill Suites in Albany and three new properties now in the works across upstate New York.
“You just can’t teach a construction company to build hospitality assets,” explained Larry. “I’ve tried and it doesn’t work. So we turned to BBL Construction seven years ago because we needed a partner with a lot of hospitality experience and the necessary financial resources to put behind our projects. We’ve been working with them ever since.”
The current GSF Legal portfolio contains 8 properties, with a new one under development in Clifton Park, NY, to be followed by properties in Schenectady and Buffalo. Larry pointed to several keys to choosing the right construction partner.
- Financial Depth: Having the financial resources to avoid bonding can means millions in savings.
- Open Book: BBL Construction has been making the bid process open for many years, and has always been willing to share savings with Larry and his partners.
- Cost Management: Only a highly competent construction company keeps projects on time and on budget, which means they get the best, most reliable contractors.
- Integrity: This is the bedrock of the relationship. You have to be able to trust your construction partner completely.
“Integrity is a fundamental requirement,” concluded Larry. “BBL Construction’s word is as good as gold. There are so many times they could have taken advantage of us, but they didn’t. It’s extraordinarily important in this business to have a construction partner you can trust.”