{"uid":"cap_bUxaHS5jfrF2GUVp-9hX6","slug":"hotel-development-underwriting-api-b93a2e4d","name":"Hotel Development Underwriting API","description":"Ground-up hotel development underwriting. Land + hard costs (S-curve draw) + soft costs + developer fee, funded by a construction loan (LTC) with capitalized interest, refinanced into a permanent loan sized on min(stabilized-value LTV, DSCR) at the CL term. Occupancy begins the month after construction; the hold is measured from construction end. Returns unlevered and levered project IRR and MOIC. Reconciled to a SHA-pinned Excel model — see /hotel-dev/reconciliation.","url":"https://financial-analyst.ai/hotel-dev/underwrite?utm_source=zero.xyz","method":"POST","headers":{},"bodySchema":{"type":"object"},"responseSchema":null,"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"2","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$2/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"2","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"2","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_pMQVsC1yhM7WUZ7nR3_V1","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"2","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Underwrites ground-up hotel developments end-to-end, modeling land, hard costs (S-curve draw), soft costs, developer fee, construction loan with capitalized interest, permanent loan sizing, and occupancy ramp to return unlevered and levered project IRR and MOIC.","exampleAgentPrompt":"Underwrite a ground-up hotel development for me: land cost $5M, hard construction costs $40M on an S-curve draw over 24 months, soft costs $4M, developer fee $2M, construction loan at 70% LTC, permanent loan sized on the lower of 65% LTV or 1.25x DSCR at a 5.5% cap rate, stabilized NOI of $4.2M, and a 5-year hold starting from construction end — give me unlevered and levered IRR and MOIC.","exampleUseCases":[{"title":"Boutique hotel ground-up feasibility","prompt":"Run a hotel development underwrite for me: land is $3M, hard costs are $22M drawn on an S-curve over 18 months, soft costs are $2.5M, developer fee is $1M, construction loan at 65% LTC, permanent loan sized on the lesser of 60% LTV or 1.20x DSCR, stabilized NOI of $2.8M at a 6% cap rate, and we're planning a 7-year hold — what are the unlevered and levered IRR and MOIC?"},{"title":"Urban full-service hotel pro forma","prompt":"I need a full underwrite on a ground-up full-service hotel: $8M land, $75M hard costs with a 30-month S-curve draw, $9M soft costs, $4M developer fee, 70% LTC construction loan, permanent loan sized on min of 65% LTV or 1.30x DSCR with stabilized NOI of $7.5M and a 6% cap rate, 10-year hold from construction end — show me levered and unlevered project IRR and MOIC."},{"title":"Select-service hotel development returns","prompt":"Model returns on a select-service hotel development: land $2M, hard costs $14M on an S-curve over 14 months, soft costs $1.8M, developer fee $800K, construction loan at 72% LTC, permanent loan on min of 70% LTV or 1.25x DSCR, stabilized NOI $1.6M at a 6.5% cap rate, hold for 5 years after construction — give me the IRR and equity multiple both levered and unlevered."}],"resultDescription":"Returns unlevered and levered project IRR and MOIC, along with the underlying monthly cash flow proforma covering the S-curve hard cost draw schedule, capitalized construction loan interest, permanent loan sizing (constrained by the binding LTV or DSCR test), occupancy ramp starting the month after construction completes, and hold-period cash flows through exit. Output is reconciled to a SHA-pinned Excel model.","failureModes":["Missing required cost inputs (land, hard costs, soft costs) returns validation error","Infeasible debt sizing when DSCR or LTV constraints produce a loan below a minimum threshold","Construction period or hold period specified as zero or negative","Stabilized NOI insufficient to service permanent loan under given DSCR constraint","Invalid LTC ratio outside acceptable range causing construction loan sizing failure"],"whenToPreferThis":"Choose this endpoint when you need a full ground-up hotel development underwrite that spans construction financing (with S-curve draws and capitalized interest), a construction-to-permanent loan refinance sized on the binding DSCR/LTV constraint, and a hold-period exit — all returning both levered and unlevered IRR and MOIC. Prefer this over generic DCF or multifamily endpoints when the asset is hospitality and the development timeline (not acquisition) is the key risk being modeled.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-10-10T18:41:14.905Z","isFirstParty":false,"canonicalSlug":"hotel-development-underwriting-api-b93a2e4d"}