Hotels and Resorts

Description

Hotels and Resorts: An investor's guide presents a comprehensive analysis of how hotels, golf courses, spas serviced apartments, gyms and health clubs and resorts are developed, operate and are valued. Drawing on over 18 years’ experience in the leisure property industry, David Harper provides invaluable advice on how to buy, develop and sell such properties. Working through the required due diligence process for purchases, including how to identify a "good buy", through the "route map" for a successful development and ending with how to ensure you maximise your returns when selling the asset, this book covers the whole life-cycle of leisure property ownership. Examples of valuations, development issues and sales processes are taken from the USA, UK, France, Nigeria, Kenya, Australia, Hong Kong, Singapore and Brazil provide in depth analysis on the similarities and differences in approach to hotels and resorts in various parts of the world. This book provides invaluable guidance to international investors, developers, asset managers and students in related subject areas. Review: Filler and more filler lots of repetition - Every chapter repeated the same thing, inspect the facility, talk to the manager. Duh. This could have been presented once, since it applies universally. There was a modicum of useful information interspersed, but the whole experience became so mind numbing that it was hard to appreciate it when it was presented. Then the author used terms he invented, like sharper and softer returns. What is that? There are industry standard terms that have well understood meanings. What was needed was not endless repetition and meaningless descriptions but practical information about expected ratios of various items that convert income and expense into value. A few example appraisals torn apart and analyzed would do the trick.