Lord Jeffery Inn
Amherst College retained U3 Advisors in 2009 to analyze the potential of a developer partnership for the renovation and expansion of the College-owned Lord Jeffery Inn. U3A worked with a College-organized committee and a hotel consultant to draft a Request for Qualifications and a Request for Proposals and to evaluate the responses received from hotel developers and operators. In addition, U3A developed an analytic framework for determining the best financing and transaction structure for the rehabilitation of this historic inn; we analyzed numerous renovation and financing options involving a developer partner and compared these to a wholly College-financed and developed project. Based on U3A’s financial and qualitative analysis, the Board of Trustees elected to proceed with an optimized College-financed renovation of the Lord Jeffery Inn, which successfully reopened in late 2011.
Faculty Housing Study
U3A was reengaged by Amherst College in 2012 to evaluate the College’s rental housing, home ownership support, and purchase plan programs for faculty. To address the College's plans to hire more junior faculty, U3A analyzed rental housing supply and demand, and developed options to expand supply via the creation of new units and market subsidies. U3A also evaluated how the College could better support first-time faculty home-buyers by updating and improving the College’s mortgage assistance programs. Finally, U3A helped Amherst to improve its purchase plan program for strategically located, College-owned homes for senior faculty.