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dc.contributor.authorKrivosheev, Antonia
dc.description.abstractHotel properties constitute a relatively small percentage out of the commercial property investment sector in New Zealand due to two main factors. One is the significant amount of capital required for the development of such properties while the second factor is the direct relationship between the developer and the specialized tourism industry. The ownership and management structures of such property investment activities are crucial as they determine the risk and financial performance associated with such investments in the long term. The purpose of the research is to assess the hotel development process in terms of ownership and management structures by identifying the common ownership and management structures and factors influencing on the decision making of such structures. The research reports on the findings of a multi-method methodology approach. Firstly, a survey participated in by major hotel developers within New Zealand has been conducted to assess the common ownership and management structures and the factors influencing the decision making of such structures. Mainly multi-criteria and some open questions have been used to assess the weight attached to each structure. Secondly, in-depth open-ended interviews have been conducted in order to fully clarify and support the data obtained from the survey results. The research develops the contention that the most commonly used ownership structure in the New Zealand hotel investment market is the Strata Title, while the contractual relationship with the hotel operator is the most commonly used management structure. Furthermore, the study argues that financial factors have a significantly higher influence on the decision making of the ownership and management structures compared with non-financial factors that cannot directly be measured in dollar terms.en_NZ
dc.rightsAll rights reserveden_NZ
dc.subjectcommercial propertyen_NZ
dc.subjectmanagement structuresen_NZ
dc.subjectownership structuresen_NZ
dc.titleFactors influencing the ownership and management structure decision making in hotel investmentsen_NZ
dc.typeUndergraduate Research Reporten_NZ of Constructionen_NZ Institute of Technologyen_NZ
dc.subject.marsden120299 Building not elsewhere classifieden_NZ
dc.identifier.bibliographicCitationKrivosheev, A. (2010). Factors influencing the ownership and management structure decision making in hotel investments. (Unpublished document submitted in partial fulfilment of the requirements for the degree of Bachelor of Construction). Unitec Institute of Technology. Retrieved from
dc.contributor.affiliationUnitec Institute of Technologyen_NZ
unitec.advisor.principalHalvitigala, Dulani
unitec.institution.studyareaConstruction + Engineering

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