Hotel Development Product

Hotel Development Product

In deciding whether to develop or buy a hotel, developers and owners are concerned with the same types of market and feasibility issues, such as the right location for the property, that concern the developers of other commercial real estate products. The brand name (flag) of the operator is of special concern, because that name can affect how the hotel is perceived by the market, its ability to attract guests, and the room rates that it can charge.

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Residential developers develop land for housing construction. They buy the land; obtain government approvals to build housing; construct roads; install water and sewer lines, streetlights, and other necessary infrastructure; grade and otherwise prepare the land for construction; subdivide the land into individual lots; and sell the land to homebuilders. In some cases, residential developers partner […]
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