Developing and designing a mixed-use hotel property represents a certain legal and business challenge for the developers, owners and the operators since it combines several different venues into the same property. Likewise requires great sum of attention toward the operation and the management of the project. Several governmental and legal characteristics need to be considered, particularly if the mixed-use hotel is located in Vietnam; on the beach of Da Nang.
“Galactica”, an international hotel management company is about to develop a mixed-use hotel project on the Beach of Da Nang, Vietnam, by forming a joint venture with Da Nang Development Company, a corporation owned by the Vietnamese Government.
The mixed-use hotel developed in Vietnam will include a 500-room hotel, including 200-room hotel condominium units with amenities of a destination spa, three swimming pools, tennis courts, a golf course and access to the beach and marina; furthermore 200 whole ownership residential condominium units and finally 100 club units. The entire project, including the amenities, the residential units and the club units, would be branded Galactica.
(1) The first step of designing the mixed-property is the situation of the lobby. The safety and security of the guests is extremely important, thus all the common places should be equipped with security cameras as well as a 24-hour security service should be available on site. A common lobby would be placed on the entrance level that would provide the 24/7 security control, however separate elevator would go to the residential and club units and another one to the hotel rooms and hotel condo units. Each component would have its own lobby (hotel and residential lobby) on a different floor. Fire st...
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...good relations with the government is vital and crucial. (PerkinsCoie.com)
One of the government’s main objectives is to improve Vietnam, raise more money and to attract more investors that will not just attract more tourists and improve the infrastructure, but will also bring foreign currency to the country. And since Galactica has formed a Joint Venture with Da Nang Development Company that is a real estate corporation owned by the Vietnamese Government, it can be assumed that Galactica will maintain a good relationship with the Government.
The thinking in Asia is based on short-term; no one think 50 years ahead, but assuming that the mixed-use hotel project will be a success for Galactica, likewise will it be advantageous to Vietnam, especially to the Vietnamese Government, it can be supposed that Galactica can renew the lease term for another 20 years minimum.
Planning and designing of the Hyatt Regency Kansas City had started in early 1976. When the initial concept for the hotel had emerged later that year, the construction was designed to consist of a 35-story guest room tower and a four-story function block, separated by the atrium (Chronology Article). The hotel tower and function block were meant...
Vietnam had no prosperous period before its independence in 1945. Since then Vietnam’s development path can be divided into three periods. The first period runs from 1945 to 1975 and was a period in which Vietnam was a major battleground of the Cold War with two Indochina wars. The First Indochina War (1946-1954) was between France, supported by the USA and its allies, and the communist force known as Viet Minh supported by China and the Soviet Union. The Second Indochina War was from 1954-1975. The USA and other members of the Southeast Asia Treaty Organization (SEATO) combined with the forces of the Republic of Vietnam (the South) to fight against the army of the Democratic Republic of Vietnam (the North), which was de facto supported by the Soviet Union and China. During this period, both market economy and central planning economic models were imported and mechanically applied in Vietnam. Neither model generated the expected results however, partly due to the two wars, a lack of necessary conditions for growth, and the general failure of the economic models adopted. As a result, real GDP per capita increased just 2.9 times (or 4.8% per year) over the period 1955-1973 (the peak year before the war’s end), with real GDP per capita increasing by just 64 percent (or 2.8 percent per year) (Tran et al. 2000).
In 1997, the group opened The Oberoi Rajvilas, their first premier leisure hotel that targeted the upper income international and domestic leisure traveller. Consequently, they opened three more of such hotels, The Oberoi Vanyavilas and The Oberoi Amarvilas in 2001 and The Oberoi Udayvilas in 2002. In 2001, they also started operations at the W...
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Hilton Worldwide carries out business through three segments: (1) management and franchise; (2) ownership; and (3) time-share. These business segments enable management to capitalize on strengths like brand recognition and economies of scale. The company focuses primarily on the management and franchise segment which consist of 3,918 hotels with 610,413 rooms. Managing the properties, rather than owning them, allows the company t...
Advocates of the trade agreement also argue that trade with Vietnam will increase regional stability. With China's increasing influence in the region, U.S presence is as important as ever. Now a member of the Association of Southeast Asian Nations (ASEAN), Defense Secretary William Cohen states that "it's important to have a relationship with Vietnam, just as with other members of ASEAN" (DefenseLink). Cohen also advocates extensive military-to-military relations. Not only would such relations allow US presence in Vietnam to conduct searches for missing POW/MIAs, but as a long term national security interest:
This company provides accommodation facilities with hospitality for people who come from other areas but this is not a hotel service. This is called first unhotel hospitality product which enable guest to live like locally by experiencing luxury facilities. This concept has gone beyond the hotel service and it is called as vacation home. This great business concept was created in 2009 on the mind of Grey Marsh who is the CEO of this company. They are keeping their relationships with two parties to be success in their business and to make high profit in the market place. In here, they provide their service to typical high market home owners by giving the opportunity to let them out their home for people while the home is
The Portman hotel is one of the luxury hotels in the hotel industry. The size of the hotel is relatively small; it has only 348 rooms and 21 floors. The objective of this hotel is to bring Asian hospitality to the US. This hotel is different from other hotel because it offers the services of personal valet and also it had “ no rules for the guests”.
Hotel and catering business (Hotel management): Chain hotel "Hotasa", whose hotels had name of animals and plants(floors): " The ", greyhounds " The hound ones "...
even if it is the customer’s first use of a new hotel. When this is in
The target market will be the intra-Philippines and international budget business travellers and value-minded tourists. Microtel will fill a growing (and as yet unmet) demand for cost efficient business travel. Currently, there is a large gap and significant fall-off in the quality of accommodation and amenities between four and five star properties with that of a consistent standard economy hotel. To some extent, the independently managed/family owned local hotels and service apartment/condotel market are largely localized and the standard of construction, finish, guest services and amenities are inconsistent.
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However the cash surplus generated during peak period that is July to November is typically enough to meet the short fall. But this year the hotel requires major renovations in order to be continually be able to attract guests. They estimated that the renovations will cost $250000 but now it appears that $300000 of work is necessary. Also their long term group also manager has also left unexpectedly and her replacement is not as effective in obtaining business from the regional business and organization. Furthermore their revenues have also declined by 15% for January and February and advance booking are also down. Thus a cash flow forecast is made to estimate the