Arianna Leopard, founder of Leopard Advisers, specializes in market intelligence, development strategy, concept appraisal, and business planning for tourism, lodging, mixed-use, and entertainment-anchored ventures. Her clients span sectors, and her work has taken her across the United States, Latin America, Europe, and Africa. Before establishing her firm, Arianna held senior positions at HKS, Page Southerland Page, and WATG.

She is an assiduous chronicler of the forces reshaping global hospitality and place-led district development. On Leopard Advisers’ blog, she dissects subjects as varied as Scotland’s embattled private golf clubs, the boutique-hotel boom coursing through America, and the conversion of faltering malls into experience-driven “ecosystems”.

As a WELL Accredited Professional through the International WELL Building Institute (IWBI), she is committed to creating environments that align with the principles of people, planet, and profit—enhancing human well-being, reducing environmental impact, and delivering sustainable value for owners and communities alike.

Select Portfolio

  • Advisory services for a 141+acre master planned district with a proposed baseball stadium.

    *Previous experience while at WATG

  • A dynamic mixed-use destination uniting retail, dining, sports, and community life. Conceived as a multicultural, event-driven district adjacent to a major baseball stadium, it brings people together for both everyday moments and extraordinary experiences. Our scope spanned integrated master planning, demographic and psychographic profiling, and consumer behavior segmentation—culminating in a data-driven retail positioning strategy that shaped the tenant mix and experiential programming.

  • A year-round lakeside destination resort—lodging, glamping, marina, dining, and adventure amenities on roughly 50 acres. We delivered the operating strategy and a ten-year feasibility pro forma, benchmarking performance across every revenue segment to test viability and guide investment.

  • Comprehensive Market & Financial Feasibility Study  for a confidential $145M, 225-key luxury fitness + wellness hotel.

  • Comprehensive Market & Financial Feasibility Study  for a luxury, indigenous-inspired wellness resort in East Africa—covering market demand, competitor benchmarking, pricing strategy, and detailed financial modeling.

  • Comprehensive Market Study — including preliminary site planning — for a lifestyle hotel featuring a dynamic F&B program, holistic wellness facilities, and an exclusive private members’ club with 20,000 sf of ground-floor retail.

  • Advised on site evaluation and development opportunities for a luxury longevity hospitality brand, including conducting market studies, programming analyses, and comprehensive financial appraisals. Delivered insights on project scale, capital requirements, and return projections to support investment decision-making and development planning.

  • An independent feasibility review confirmed strong market support for a boutique bathhouse and spa concept in the Portland metro area. Findings indicate demand sufficient to support multimillion-dollar annual revenues, with stabilized performance projected to outperform benchmarks and significant upside potential under full utilization. The review also identified a clear market gap, with no comparable luxury spa or wellness-integrated property currently serving the suburban area.

  • An independent feasibility review confirmed strong market support for a boutique bathhouse and spa concept near Mt. Hood, Oregon. Findings indicate demand sufficient to support multimillion-dollar annual revenues, with stabilized performance projected to outperform benchmarks and significant upside potential under full utilization. The review also identified a clear market gap, with no comparable luxury spa or wellness-integrated property currently serving the suburban area.

  • This market study analyzed Houston’s Midtown District, assessing demographic trends, consumer segments, and competitive dynamics to identify opportunities in the food and beverage industry. The research highlights unmet demand in all-day café formats, late-night dining, and value-forward concepts, while quantifying spending power from affluent residents and nearby Downtown workers.

  • This market study analyzed Houston’s Montrose District, assessing demographic trends, consumer segments, and competitive dynamics to identify opportunities in the food and beverage industry. The research highlights unmet demand in all-day café formats, late-night dining, and value-forward concepts, while quantifying spending power from affluent residents and nearby Downtown workers.

Integrated Strands Make the Strongest Ropes.

We combine deep consulting expertise with a network of trusted design professionals—master planners, architects, interior designers, and landscape studios—to create imaginative and economically sound solutions. This integrated approach allows us to support clients from early visioning through execution, aligning every decision with long-term value and resilience.

  • Founder

    Arianna is the founder of Leopard Advisers, a boutique consultancy that turns market intelligence into development strategies for tourism, hospitality, mixed-use, and entertainment schemes. Before striking out on her own, she held senior design posts at SB Architects, HKS, Page Southerland Page, and WATG, in addition to serving as Vice President of Corporate Services at Cresa, where she steered occupiers and owners through portfolio planning and asset optimization. Her projects include Heartwood Preserve in Omaha, Hines’ San Diego Riverwalk in San Diego, and Pierpont Inn in Ventura.

  • Hospitality and Tourism Partner

    Jennifer Dohrmann-Alpert is an experienced consultant specializing in hospitality, real estate development, and tourism strategy. She has led market and feasibility studies for hotel, resort, and mixed-use projects across the U.S., Caribbean, Mexico, and Central America,

    and her expertise spans site analysis, master planning, development programming, and financial modeling. Before consulting, Jennifer worked with the Caribbean Alliance for Sustainable Tourism and held operational roles at top hospitality brands. She received her B.A. in Spanish and International Business from Georgetown University and earned a double Masters from Cornell University’s School of Hotel Management and their Institute for Public Administration. She is a fluent Spanish speaker who has lived and worked in Costa Rica, Mexico, England, and Puerto Rico.

  • Item descriNate Siehr is Principal and Co-Founder of The Big Key Group, a Miami-based real estate development firm, and CEO and Founder of Zurich Hospitality, a Hotel Development Advisory firm. Previously, Nate served as Vice President of Full Service Hotel Development at Marriott International from 2014 to 2023, where he led development efforts for Marriott’s luxury and premium brands across the Midwest, Western US, and Hawaii. In that role, he executed 85 development agreements representing approximately 13,000 hotel rooms and 200 branded residences.

    Earlier in his career, Nate held Global Transaction Accounting Policy roles at Marriott (2011-2014) and Duke Energy Corporation (2010-2011), and was a member of PwC’s Private Company and Global Capital Markets advisory practices, where he notably provided complex financial advisory to General Motors Europe during its bankruptcy from 2007-2010.

    Nate holds a bachelor’s degree in accounting from the University of Southern California. Originally from Wisconsin, Nate now resides in Miami Beach with his wife Stephanie.ption

  • Don Harrier is an architect, advisor, and facilitator with more than four decades of experience in the built environment. During a thirteen-year tenure

    at HKS, he served as San Francisco Office Director and Co-Director of Global Hospitality, building team cultures grounded in trust and lasting relationships. His hospitality portfolio includes some of the most celebrated resorts and hotels in the country—

    the Montage Beverly Hills, the Ritz-Carlton Dove Mountain, the Montage Deer Valley, and the renovation of the Mandarin Oriental San Francisco—work he led as a principal at Hill Glazier Architects. He holds a Master of Architecture from the University of Colorado Denver and a Bachelor of Arts in Economics from UCLA.