The business case provides the reasoning and justification for a hotel project. It includes the business context, project description, possible alternative solutions, the budget and timetable.
Project sustainability starts with the concept and is reflected along the entire project value chain. Sustainable development principles are adopted for project implementation and operation to produce sustainable and high-performance properties throughout the whole-life cycle.
Developers, owners, lenders, investors, operators and staff as well as the community all benefit from sustainable property development projects. To achieve project sustainability for all stakeholders, participants must understand and apply sustainability principles in property development and operation.