Event Space Investment Model (Hospitality + Property) (Excel XLSX)

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BENEFITS OF THIS EXCEL DOCUMENT

1. Make better buy‑vs‑build‑vs‑lease decisions by seeing how each path changes cash needs, debt/REFI timing, and exit proceeds.
2. Translate your event strategy into dollars with detailed seasonality, pricing, and margin logic that rolls up to credible NOI and monthly/annual pro formas.
3. Present investor‑ready economics with four JV waterfall options and automated IRR/Equity Multiple reporting for clear, defensible terms and distributions.

REAL ESTATE EXCEL DESCRIPTION

This product (Event Space Investment Model [Hospitality + Property]) is an Excel template (XLSX), which you can download immediately upon purchase.

Core Structure & Flexibility
Hybrid hospitality + real estate model purpose‑built for event venues (weddings, corporate, private).
Three operating paths: Acquire, Develop (ground‑up), or Lease‑only (set purchase/dev to zero; enter lease in OPEX).
Modular design: Hide tabs you don't use; four standalone JV waterfalls summarized on Global Control.

Acquisition / Development
Acquisition inputs: Purchase price, acquisition loan, optional seller financing, general loan terms, renovation budget.
Development tab: Hard/soft cost budget, monthly spend curve, LTC target, non‑financed cost support.
Construction loan: Dynamic I/O period, rate, month of conversion to permanent loan, and optional future REFI.

Refinancing & Valuation
REFI engine: User‑defined month; valuation from cap rate on T‑12 NOI at the refi date; proceeds sized to LTV.
Exit value logic tied to operating income (works even for lease‑only scenarios).

Revenue Engine (Venue Assumptions)
Up to 3 event types, each with annual counts and monthly seasonality (% of yearly events by month).
Five revenue streams: Rental fee, catering, bar/beverage packages, add‑ons, and 3rd‑party referral fees.
Catering helper with three package tiers and margin modeling.
Bar/add‑ons margins plus bartender cost logic to drive cost of service.
Direct fixed costs per event (up to 9 slots per event type).

Operating Expenses (OPEX)
Calendarized fixed costs: Start month, starting annual cost, and growth rate for items like maintenance, repairs, staffing, legal.
Revenue‑linked costs: %‑of‑revenue items (e.g., property management fees).
Lease support: Enter lease expense here when modeling a service‑only operation.

Cash Flow Management
Operating cash account tracking driven by cash invested and cash distributed over time.
Automatic separation of funding needs through stabilization vs. ongoing operations via Sources & Uses logic.

Joint Venture Waterfalls (4 Scenarios)
Monthly IRR hurdles: Define contribution rates, hurdle tiers, and distribution splits.
Simple pro‑rata split: Minimum equity requirement; automated contributions/distributions (no hurdles).
Annual IRR hurdles: Runs off DCF Analysis to align cash flows to annual periods.
Preferred return: Set investor pref; define splits during pref phase, through return of capital, and thereafter.

Automation notes:
Scenario 2 is fully automated.
Scenario 1 automates distributions once equity is set.
Scenarios 1, 3, 4: adjust equity invested (and distributions for 3 & 4) as assumptions change.

Reporting & Outputs
Sources & Uses (detail + summary): Dynamically updates with the minimum cash position month; clearly separates stabilization cash needs from operations.
Investor KPIs: IRR and Equity Multiple for each JV scenario.
Executive views: Annual Executive Summary and a live summary on the primary venue assumptions tab.
Financial statements: Monthly & Annual Pro Forma showing detailed revenues, expenses, NOI, debt service, refi/exit, and final cash flows.

If you want, I can condense this into a three‑tier feature grid (Essentials / Pro / Capital Stack) or an Amazon‑style bullet block optimized for marketplace listings.

Source: Best Practices in Real Estate, Event Industry, Integrated Financial Model Excel: Event Space Investment Model (Hospitality + Property) Excel (XLSX) Spreadsheet, Jason Varner | SmartHelping