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. / Dissertation (MSc(Real Estate))--University of Pretoria, 2006. / Construction Economics / unrestricted

Thesis (Ph. D.)--University of Alabama at Birmingham, 2009. / Additional advisors: Robert Angus, Paul D. Blanchard, Sarah Culver, Alan Shih. Description based on contents viewed June 3, 2009; title from PDF t.p. Includes bibliographical references (p. 48-51).

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Real Estate and Construction / Master / Master of Philosophy

Since the Great Depression in 1929-1939, four major far-reaching financial crises took place: the collapse of Japanese asset price bubble in the 1990s, 1997 Asia Financial Crisis, 2007 US sub-prime mortgage crisis and the subsequent global economic recession, and the on-going European sovereign debt crisis, together with other minor crises in specific regions (for example, Icelandic Financial Crisis from 2008), played havoc with not only economy but towards every aspect of the society, and became a focus in academia as well. Many efforts have been paid to find out the primary reasons so that specific measures can be taken to avoid the recurrence of similar crises. This dissertation attempts to reveal the relationship between financial crises and land / real estate sector, which discusses the process that a real estate crisis turns into a financial crisis, and analyses a common phenomenon that almost all recent financial crises usually began from the crises in real estate sector. It concludes the common features in these crises with a flow from a real estate bubble towards a financial crisis, that the misconduct of government in real estate sector as well as the over-blown market confidence would usually be the original sin of an economic failure. This study takes both qualitative and quantitative approaches to research this topic by studying common features in recent financial crises. Review of historical crisis shall focus on real estate aspect, and among the several most influential and recent crises it will place emphasis on the bubble in 1990s’ Japan. In addition, this dissertation also takes a look at China’s current situation and suggest possible problems by comparing with historical experiences, particularly with the period of Japanese asset bubble. / published_or_final_version / China Development Studies / Master / Master of Arts in China Development Studies

Thesis (M.S.) -- University of Texas at Arlington, 2009.

Thesis (M.C.R.P.) -- University of Texas at Arlington, 2008.

Thesis (M. Sc.)--University of Hong Kong, 1996. / Includes bibliographical references.

Thesis (M.A.)--University of Delaware, 2008. / Principal faculty advisor: Rebecca J. Sheppard, School of Urban Affairs & Public Policy. Includes bibliographical references.

Thesis (Ph. D.)--West Virginia University, 2005. / Title from document title page. Document formatted into pages; contains vi, 91 p. : col. map. Includes abstract. Includes bibliographical references (p. 86-91).