How much would you charge for this freelance UW project?

How much would you charge someone who asked you to do a full UW of a mid-level NYC prospective hotel development project strictly from the in-place operator's perspective (i.e., fewer moving pieces than with the acquisition, disposition, debt, equity, jv, etc. pieces)? Possibly ~20 hours of work.

 

My engineer (20-30 year experience) charges $250/hour to oversee construction work (yes, expensive). I'd imagine somewhere in the 175-200 range assuming 10 years experience and work up/down from there.

 

With all due respect, as a hotel guy, I am not sure why anyone would ask and pay you to do this. If this is not a normal investment case UW and more so operator point of view UW, then why would I not just lean in on the in place operator who lives this day to day and is going to be way more in tuned with actual staffing levels, expense control, and revenue management strategies and do this for free?

 
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