Hotel Development and Redevelopment
Expert-defined terms from the Postgraduate Certificate in Hotel Real Estate and Asset Management course at London School of Planning and Management. Free to read, free to share, paired with a globally recognised certification pathway.
Hotel Development and Redevelopment #
Hotel Development and Redevelopment
Hotel development refers to the process of constructing or renovating a hotel pr… #
Both processes are essential in the hotel industry to meet changing market demands, enhance guest experiences, and maximize financial returns.
Acquisition #
Acquisition
Concept #
Concept
Due Diligence #
Due Diligence
Feasibility Study #
Feasibility Study
Franchise Agreement #
Franchise Agreement
Hotel Management Agreement #
Hotel Management Agreement
Investment Analysis #
Investment Analysis
Market Analysis #
Market Analysis
Operator #
Operator
Owner #
Owner
Rebranding #
Rebranding
Renovation #
Renovation
ROI (Return on Investment) #
ROI (Return on Investment)
Site Selection #
Site Selection
Underwriting #
Underwriting
Value Enhancement #
Value Enhancement
Zoning #
Zoning
Asset Management #
Asset Management
CapEx (Capital Expenditure) #
CapEx (Capital Expenditure)
Competitive Set #
Competitive Set
Debt Financing #
Debt Financing
Development Cost #
Development Cost
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) #
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
Exit Strategy #
Exit Strategy
Flag #
Flag
Franchise Fee #
Franchise Fee
Full #
Service Hotel
Generation of Demand #
Generation of Demand
Ground Lease #
Ground Lease
Hotel Brand #
Hotel Brand
Hotel Chain #
Hotel Chain
Hotel Market Segmentation #
Hotel Market Segmentation
Hotel Valuation #
Hotel Valuation
Independent Hotel #
Independent Hotel
Joint Venture #
Joint Venture
Leisure Market #
Leisure Market
Limited #
Service Hotel
Management Fee #
Management Fee
Net Operating Income (NOI) #
Net Operating Income (NOI)
Operating Cost #
Operating Cost
Peak Season #
Peak Season
Property Improvement Plan (PIP) #
Property Improvement Plan (PIP)
Refinance #
Refinance
RevPAR (Revenue per Available Room) #
RevPAR (Revenue per Available Room)
Risk Assessment #
Risk Assessment
Risk Management #
Risk Management
Seasonality #
Seasonality
Soft Brand #
Soft Brand
Specialty Hotel #
Specialty Hotel
Strategic Planning #
Strategic Planning
Upscale Hotel #
Upscale Hotel
Value Engineering #
Value Engineering
Variable Cost #
Variable Cost
Yield Management #
Yield Management
ADA (Americans with Disabilities Act) #
ADA (Americans with Disabilities Act)
ADR (Average Daily Rate) #
ADR (Average Daily Rate)
Brand Standards #
Brand Standards
Business Mix #
Business Mix
CMBS (Commercial Mortgage #
Backed Securities)
Condo Hotel #
Condo Hotel
Conversion #
Conversion
Destination Marketing Organization (DMO) #
Destination Marketing Organization (DMO)
Distressed Asset #
Distressed Asset
Economic Feasibility #
Economic Feasibility
Franchise Disclosure Document (FDD) #
Franchise Disclosure Document (FDD)
FF&E (Furniture, Fixtures, and Equipment) #
FF&E (Furniture, Fixtures, and Equipment)
Flagged Hotel #
Flagged Hotel
Green Building #
Green Building
Hotel Broker #
Hotel Broker
Hotel Conversion #
Hotel Conversion
Hotel Management Company #
Hotel Management Company
Hotel Real Estate Investment Trust (REIT) #
Hotel Real Estate Investment Trust (REIT)
Hotel Repositioning #
Hotel Repositioning
Hotel Valuation #
Hotel Valuation
Independent Hotelier #
Independent Hotelier
Investment Horizon #
Investment Horizon
Land Use Planning #
Land Use Planning
Leisure Traveler #
Leisure Traveler
Management Contract #
Management Contract
Market Feasibility #
Market Feasibility
Market Penetration #
Market Penetration
Market Positioning #
Market Positioning
Market Segmentation #
Market Segmentation
Market Study #
Market Study
Master Lease #
Master Lease
Net Present Value (NPV) #
Net Present Value (NPV)
Operating Agreement #
Operating Agreement
Owner's Representation #
Owner's Representation
PIP (Property Improvement Plan) #
PIP (Property Improvement Plan)
Public #
Private Partnership (PPP)
Real Estate Development #
Real Estate Development
Rebranding Strategy #
Rebranding Strategy
Renovation Cost #
Renovation Cost
RevPAR Index #
RevPAR Index
ROI Analysis #
ROI Analysis
Seasonal Demand #
Seasonal Demand
Site Feasibility #
Site Feasibility
Soft Cost #
Soft Cost
Specialty Market #
Specialty Market
Strategic Asset Management #
Strategic Asset Management
Target Market #
Target Market
Upscale Market #
Upscale Market
Value Creation #
Value Creation
Value Proposition #
Value Proposition
Yield Analysis #
Yield Analysis
In conclusion, the Postgraduate Certificate in Hotel Real Estate and Asset Manag… #
This glossary serves as a valuable resource for students to reference key terms and concepts related to hotel development and redevelopment in their academic and professional pursuits in the hospitality industry.