DP2015139 Art. Real estate asset management applied to luxury hotels and palaces

Author : DELATTRE Karl
€9.48
Type d'édition : Papier
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Abstract

 

In France, tourist accommodations are very numerous and are subject to important hotel investments made by sovereign wealth funds, private wealth funds, etc. Investing in luxury hotel permits to hold and manage an exceptional property and control its knowhow. The 'Asset Management Immobilier' also creates value by using all the levers, such as real estate management lever which requires strong reglementary constraints or as the partnership lever. However, as the case of the « 251 rue Saint-Honoré » shows, the « Asset Management Immobilier » is an art of management which is difficult to practice. The property must be submit to greater expertise before implementing any strategy.


Keywords: Real Estate Asset Management, levers, value creation, accommodation capacity, investors, investment funds, sovereign wealth funds, 'trophy asset', private wealth, art, management, real estate, investment property, partnership, knowhow, expertise.

9782747223683
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Past ten years, literature is an increasing number of works trying to identify the different levers to operate to encourage innovation within companies. In continuation of this work focused on the emergence of a "culture of innovation," the state of the art made ​​in this article allows us to bring about a feeling of "psychological safety" is the only means that:
- Members of the organization are not paralyzed by fear of failure and continue to offer bold initiatives,
- These players learn from the mistakes that will inevitably be committed during the innovation process and are able to no longer reproduce. We suggest, as such, some lines of thought to create a culture of "room for error" in organizations, starting with the consolidation of the reward and sanction systems by the inclination of the direction to "Legends" failures. We stress however that this may be possible in the context of American culture is not necessarily in that of French culture.

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