What Is The Economic Impact Of A 5 Star Condo Hotel In A Major City?
Jan.25, 2010 in
chalet
I need to research on how to measure or what would be the economic impact of a 5 Star condo Hotel development in a city like Fort Lauderdale in Florida, or any other city… I need any kind of study that demonstrates the positive of such a development…. How does it benefit the city and the community? Is there something out there?
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January 25th, 2010 at 10:31 am
condo Hotels are built so that the developer can fund the construction of the hotel with the deposits of the condo purchases.
Hotels give tax revenue of about 10% to a city, so that can be good. Condos provide residents inside the city limits who will buy goods and services, and pay taxes.
Look at: Las Vegas, Dallas (the Ritz, and the W) for direct material.