I need to research on how to measure or what would be the economic impact of a 5 Star Condo Hotel development in a city like Fort Lauderdale in Florida, or any other city... I need any kind of study that demonstrates the positive of such a development.... How does it benefit the city and the community? Is there something out there?
2007-03-06 02:56:40 · 1 answers · asked by TheMorbidMe 2 in Social Science ➔ Economics
Condo Hotels are built so that the developer can fund the construction of the hotel with the deposits of the condo purchases.
Hotels give tax revenue of about 10% to a city, so that can be good. Condos provide residents inside the city limits who will buy goods and services, and pay taxes.
Look at: Las Vegas, Dallas (the Ritz, and the W) for direct material.
2007-03-06 04:49:37 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋