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  • December 2012
  • Teaching Note
  • HBS Case Collection

The Paris Opera Hotel (TN)

By: Arthur I Segel
  • Format:Print
  • | Language:English
  • | Pages:9
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Abstract

This case provides an introduction to hotel investment, development and management from the perspective of a short term oriented investor group. Students learn that hotels are a unique real estate property type, with performance often tied to the broader economy, and returns dependent upon sound marketing and an efficient operating strategy, usually executed by a third-party manager. As such, hotels can reasonably be viewed as operating companies—not simply real estate—and therefore carefully structured operating agreements, which align incentives for owners and third-party managers, while maximizing returns, are vital. Class discussion of the selection of an operating company, and potential ways to structure the agreement, allows students to hone their negotiation instincts in a real estate context.

Keywords

Real Estate; Hotel; Paris; Business or Company Management; Negotiation; Finance; Accommodations Industry; Real Estate Industry

Citation

Segel, Arthur I. "The Paris Opera Hotel (TN)." Harvard Business School Teaching Note 213-066, December 2012.
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About The Author

Arthur I Segel

Finance
→More Publications

More from the Author

    • December 2024 (Revised January 2025)
    • Faculty Research

    Balancing Returns and Responsibilities at Raya Partners

    By: Arthur Segel, Ephraim Mernick, Derek C. M. van Bever and Olivia Barba
    • October 2024
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    Southern California Industrial: Freezer Drive

    By: Arthur I Segel, Dwight Angelini and Matt Kelly
    • March 2024
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    Expanding the Bicester Collection to New York

    By: Boris Vallee, Kirby Brand, Kristina Brown, Julie McCrimlisk, Chloe Sztabnik and Arthur Segel
More from the Author
  • Balancing Returns and Responsibilities at Raya Partners By: Arthur Segel, Ephraim Mernick, Derek C. M. van Bever and Olivia Barba
  • Southern California Industrial: Freezer Drive By: Arthur I Segel, Dwight Angelini and Matt Kelly
  • Expanding the Bicester Collection to New York By: Boris Vallee, Kirby Brand, Kristina Brown, Julie McCrimlisk, Chloe Sztabnik and Arthur Segel
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