Hotel Mixed-Use Development Projects
By Irvin W. Sandman, Stephen H. Goodman, Craig L. Jones, John Melicharek, Jr., Clifford J. Risman, Albert J. Pucciarelli
January 22 - 23, 2004
Hotel Mixed-Use Development Projects
I. SCOPE
What is a mixed-use project? Although the phrase may have different meanings in different industries, for purposes of this article it is assumed that a mixed-use development is comprised of at least one traditional hotel component coupled with one or many of for-sale condominiums, single family lots, villas, fractional ownership products, spa, golf, ski and/or other amenities and/or a retail component.
Hotel projects by themselves are complex. The complexity results from the fact that a hotel is not just a building, but is more like a “business in a box.” The usual real estate and construction issues arising from building the “box” combine with the specialized issues arising from the needs of the hotel business that must be run at a profit inside the box.
Mixed use projects add even more layers of complexity. This article addresses both general and unique issues, structures, and considerations involved in these projects.
To continue reading the entire article, please view the attached document; Hotel Mixed-Use Development Projects as presented at the 2004 Hospitality Law Conference.
