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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.

About The Author

Arthur I Segel

Finance
→More Publications

More from the Author

    • August 2023
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    Raya Partners: Profitability and Purpose

    By: Arthur Segel and Ephraim Mernick
    • August 2023
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    Italy at a Crossroads

    By: Sophus A. Reinert, Dante Roscini and Arthur I. Segel
    • December 2022 (Revised April 2023)
    • Faculty Research

    Technical Note on ESG and Impact Investing in Real Estate

    By: Arthur I Segel, Dwight Angelini, Matt Kelly, Elisha Baker and Miguel Goncalves
More from the Author
  • Raya Partners: Profitability and Purpose By: Arthur Segel and Ephraim Mernick
  • Italy at a Crossroads By: Sophus A. Reinert, Dante Roscini and Arthur I. Segel
  • Technical Note on ESG and Impact Investing in Real Estate By: Arthur I Segel, Dwight Angelini, Matt Kelly, Elisha Baker and Miguel Goncalves
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