This Hotel Development Books page brings together a selection of widely referenced publications used by hotel owners, investors, developers and hospitality professionals. Hotel development sits at the intersection of real estate investment, hospitality operations, finance, design and long-term asset management, and no single publication fully explains the entire process. Instead, professionals typically rely on a range of specialist texts covering different stages of the hotel investment lifecycle.
The books listed here provide a foundation for understanding how hotels are planned, financed, designed, and operated within the broader commercial real estate environment. Together they form a useful reference library for anyone involved in hotel investment, hotel asset management, feasibility analysis, or the development of new hospitality projects.
Developing a Successful Hospitality Business: Philosophy and Practice
ISBN 978-1040425800 1st Edition, Kindle Edition, Amazon.com, Amazon.co.uk, by Nicholas Burton-Howat (September 2055).
Whether dreaming of your very own guest house or remodelling a well-established business, success in hotels and hospitality requires a plan, and this book is packed full of practical advice to help you on your journey. This book offers philosophical perspectives, as well as a real-world approach to developing a hospitality business around the 3Ps (Place, Purpose, and Profit), utilising experience and expertise gained globally and offering useful, practical insights into successes.
It looks at the methods and psychology of decision-making, communications, branding and marketing, as well as providing instruction on building a Profit & Loss account, appraising real estate opportunities, developing your project, and asset managing your investment. These multidisciplinary approaches and often complex concepts are decoded into easily digestible segments. Written by a hotel and hospitality expert with around 30 years of global experience, this book offers hospitality entrepreneurs and practitioners an important guide on getting into and surviving in the hospitality business.
Hotel Asset Management: Principles & Practices
ISBN 978-0866125079 Third Edition Amazon.com Amazon.co.uk Richard E. Musgrove, Lori E. Raleigh, A.J. Singh (March 2016).
The third edition of this book takes a look at the challenges and opportunities faced by hotel owners, lodging industry real estate professionals, and hotel company executives, with articles written by industry leaders in asset management. The articles are divided into four sections: foundations and processes of asset management, real estate and the physical asset, contracts and legal aspects of asset management, planning and executing the hotel investment.
This edition is the most comprehensive to date and includes twenty-one chapters by 36 authors, covering topics of keen interest to hotel owners, investors and asset managers, including: Channel Management – OTA’s and the Rising Cost of Customer Acquisition, Evaluating Franchise and Chain, Affiliation Programs, Managing Technology from the Hotel Owners Perspective, Key Legal Issues: the Battle for Control, Risk vs Reward: A Lender’s View of Hotel Investment Trends, The Art of the Capital Structure, Everything You Wanted to Know about Hospitality Valuation and Techniques, But Were Afraid to Ask, Buy Hold Sell Analysis.
Hotels and Resorts: Planning and Design
ISBN 978-0750618618 1st Edition Amazon.com Amazon.co.uk Fred Lawson, Butterworth Architecture Design and Development Guides (June 1995).
This book provides a complete guide to the development of hotels and resorts, covering all aspects of planning, market analysis, interior design and the installation of technical services. Fred Lawson’s text is concise, and the information is easy to access. He examines the distinctive characteristics of different hotel types, identified by market and location, and specifies the special requirements of each type. Recognising the need for continuous maintenance and life-cycle refurbishment, a full chapter is devoted to these subjects, and the business aspects of hotel operations are considered.
Throughout the book are numerous illustrations of projects showing outstanding examples of hotels and village resorts, as well as current trends in design and development. Fred Lawson is well known as a hotel consultant and is now a Visiting Professor at the University of Bournemouth. He has a number of successful books to his credit. Covers all aspects of planning and design, including marketing and investment appraisal. A logical framework and comprehensive coverage promote use as a handy reference. Numerous examples provide practical guidance for applying the principles.
The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice
ISBN 978-0470554999 1st Edition Amazon.com Amazon.co.uk Michael C. Sturman, Jack B. Corgel, Rohit Verma (April 2011).
This cutting edge and comprehensive book with contributions from the star faculty of Cornell University’s School of Hotel Administration offers the latest thinking on the best practices and strategies for hospitality management.
A must for students and professionals seeking to enter or expand their reach in the hospitality industry, The Cornell School of Hotel Administration on Hospitality delivers the authoritative advice you need to: Develop and manage a multinational career and become a leader in the hospitality industry. Maximise profits from franchise agreements, management contracts, and leases. Understand and predict customer choices, and motivate your staff to provide outstanding service. Manage hospitality businesses and the real estate underlying the businesses. Control costs, coordinate branding strategy, and manage operations across multiple locations.
Uniform System of Accounts for the Lodging Industry
ISBN 978-0133767490 11th Revised Edition Amazon.com Amazon.co.uk American Hotel & Lodging Association (June 1995).
The Uniform System of Accounts for the Lodging Industry establishes standardised formats and account classifications to guide individuals in the preparation and presentation of financial statements for lodging operations. The publication is a joint effort of the Hotel Association of New York City and the Financial Management Committee of the American Hotel & Lodging Association (AH&LA), with funding from Hospitality Financial & Technology Professionals (HFTP).
Purchasers of both the print and digital versions will receive a keycode that provides access to downloadable Excel templates of all financial statements and supporting schedules, as well as a searchable Revenue and Expense Guide. Readers will also be able to receive updates on the book and ask questions about its content.
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