EMG Due Diligence for the Life Cycle of Real Estate
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EMG

HOSPITALITY CASE STUDY

World Trade Center & Hilton Hotel

CLIENT NAME:
Ensemble Real Estate Services, LLC.
Long Beach, CA


World Trade Center & Hilton HotelEMG performed a Phase I Environmental Site Assessment and a Property Condition Assessment that included on-site observations of the World Trade Center and Hilton Hotel. Current facility operations at the World Trade Center include commercial offices (attorneys, law enforcement, shipping, financial, and other commercial offices), restaurants, child day care, and other small businesses. Current facility operations at the Hilton Hotel include residential rooms, conference and banquet facilities, and administrative functions. Historically, the Project was occupied by numerous residential structures and small commercial businesses, including three former service stations, prior to construction of the current improvements. Properties in the general vicinity of the Project include undeveloped land, residential and commercial land uses. The Project land consists of approximately 12 acres.






The site evaluation consisted of:
  • HVAC
  • Hazardous materials
  • Waste generation
  • Tanks/pipelines
  • Surface areas
  • Regulatory database review
  • Adjacent properties
  • Building codes
  • Flood zone
  • Seismic zone
  • Drain off systems
  • Erosion control
  • ADA accessibility studies
  • Building architectural systems
  • Structural systems
  • Capital reserve studies
  • Immediate repairs and short term costs



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