Being more hospitable | Achieving Excellence in Developing and Operating Resort Hotels
Recently Hotel Solutions Partnership gathered some of its associates for a Brains Trust on resort development and asked them some searching questions: What are the key components of a successful mixed use hotel and residential property resort? What would you say to property investors who are worried about getting involved in a development scheme from which the hotel partner later withdraws?
Recently Hotel Solutions Partnership gathered some of its associates for a Brains Trust on resort development and asked them some searching questions:
- What are the key components of a successful mixed use hotel and residential property resort?
- What would you say to property investors who are worried about getting involved in a development scheme from which the hotel partner later withdraws?
- What are the key risks from the property industry's point of view?
- What does it mean in practical terms when the hotel brand changes?
- Do you think that aligning with a globally-recognised hotel brand will bring a lot of kudos to the development?
- Does the hotel industry see the overseas property sector as a useful and productive partner for the future, or do they see it as a sort of necessary evil?
- Is there an ideal blueprint or a dream team structure for all of this?
- How should the property sector go about calculating the value that it creates in the project, and what is the best way to think about an exit strategy?
- Are the banks and funding institutions becoming more user-friendly, or is it still very hard to find backing for new hotel and resort projects?
Their answers have been put together in this recently published article by Geoff Harwick Editor of www.opp.org.uk.