Northern Portugal Real Estate Investments

The feasibility study analysis should enable owners to decide whether to manage, lease or franchise the food outlets. While location remains the single most important factor affecting investment and lending decisions, intangible assets like brand and human capital are gaining ground on tangible assets as an important key to hotel property valuations in the new economy.

The hotel industry has always been a house divided, because companies act in the dual capacities of real estate owners and managers of enterprises, seeking capital to support both the property and the operational sides of the business. At the same time, management has to allocate capital between physical assets (the hotels they own and operate) and intangible assets (customers, the brands they own, the people they employ, the technology they use and the alliances they form). A hotel is an establishment that provides transient lodging for the public and often meals and entertainment. Factors affecting the success or failures of a hotel development vary according to its primary function.

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