Hotel, motel and resort feasibility studies are used for many different purposes. Most studies assist in defining markets and justifying the demand for proposed projects.
Devolping a new hotel or motel typically requires a feasibility study verifying market demand and proving the project is economically viable.
Hotel overbuilding is a subject which has been frequently addressed by hotel and real estate professionals during the last few years.
Most hotel/motel market studies and appraisals quantify the demand for transient accommodations using a factor known as a room night.
Developing a new hotel or motel typically requires a feasibility study to verify market demand and to prove the project is economically viable.
Economic life is the period when improvements to a property contribute to property value. Hotels and motels have a definite life span of postive cash flow.
In this article the authors discuss the potential delays with ordering carpet and provide insight on how to overcome them.
A detailed analysis of historic supply and demand trends and market performance, as well as a market outlook including projections for supply and demand and occupancy and rate performance.
Although you think you have audited and reviewed every aspect of your hotel's operations, i bet you have not performed a solid waste audit.
Care and maintenance of carpet should be considered when it is being specified. Many carpet fibers are soil and stain resistant, but proper care and maintenance of carpet is essential to enhance the longevity of the carpet. The timing and type of cle