Hotel property development : a framework for successful developments

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dc.contributor.advisor Boyd, T. en
dc.contributor.advisor Cloete, C.E. (Christiaan Ernst) en
dc.contributor.postgraduate Venter, Ivan en
dc.date.accessioned 2013-09-06T15:55:21Z
dc.date.available 2007-04-05 en
dc.date.available 2013-09-06T15:55:21Z
dc.date.created 2006-04-18 en
dc.date.issued 2006 en
dc.date.submitted 2007-04-05 en
dc.description Dissertation (MSc(Real Estate))--University of Pretoria, 2006. en
dc.description.abstract Although there are similarities between hotel and other commercial property developments in terms of land, structures and services, it is important when developing hotels to understand that they have unique characteristics. These unique characteristics are that hotels require specific management expertise, are usually a “single-use” property, whose primary revenue is generated from a service-based industry, and has a market value that is directly related to its ability to generate future net income. The essence of successful hotel property developments lies in understanding these unique characteristics, as illustrated in the dissertation literature review. In addition, the dissertation identifies various critical success factors for hotel development which in turn is incorporated into a hotel property development framework, establishing a practical ‘road map’ for successful hotel developments. The literature review incorporates a wide range of hotel topics, such as the principles of a hotel business, fundamentals of the tourism industry as a motivator for hotel development, property development in general, hotel property development, strategic hotel management, hotel property development feasibility studies, hotel market analysis, financial feasibility, risk management of hotel developments, financing of hotel property developments, the project team and consultants, the design phases, and finally the construction phase. The dissertation empirical study tests the validity of the hotel property development framework, by presenting it to and questioning hotel development professionals in intensive direct interviews. en
dc.description.availability unrestricted en
dc.description.department Construction Economics en
dc.identifier.citation Venter, I 2006, Hotel property development : a framework for successful developments, MSc(Real dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23795 > en
dc.identifier.upetdurl http://upetd.up.ac.za/thesis/available/etd-04052007-135903/ en
dc.identifier.uri http://hdl.handle.net/2263/23795
dc.language.iso en
dc.publisher University of Pretoria en_ZA
dc.rights © 2006, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. en
dc.subject Real estate development en
dc.subject Hotels en
dc.subject UCTD en_US
dc.title Hotel property development : a framework for successful developments en
dc.type Dissertation en


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