1st Edition
Developing a Successful Hospitality Business Philosophy and Practice
1. P minus 1: PREPARATION – Getting Your Head Straight
2. 3Ps: AN INTRODUCTION - The Pillars of the Hospitality Business
3. P1: PLACE (Real Estate) – The Physical Space Your Business Occupies
4. P2: PURPOSE (The Why) - People and their Motivations
5. P3: PROFIT (Think Like an Investor) – The Difference Between a Hobby and a Business
6. PROJECT CONCEPT - Defining Your Project
7. DEVELOPMENT APPRAISAL – Validating Your Project
8. PROJECT MANAGEMENT – Developing Your Project
9. ASSET MANAGEMENT – Once Your Project is Operational
10. EXIT? The Endless Project - Life's a Journey Not a Destination
Biography
Nicholas Burton-Howat is a hotel and hospitality expert with around 30 years of global experience, in three main areas – hospitality operations, hotel real estate and management consulting. This experience along with a Master of Science in Banking and Economics and a Master of Business Administration in International Commerce, ensures a data-driven perspective across all areas. Regularly working in Africa, UK, and USA, Nick has delivered for clients including multinationals, UHNWIs and Sovereign Wealth Funds, as well as raising venture finance to acquire and transform a failing corporate hotel into a boutique success. Nick has also created an innovative co-working hotel concept and established a fund to finance its roll-out across Europe. Finally, he has conducted 150+ feasibility studies and development appraisals for major hotel brands in 45 countries.
“Nick’s book on creating successful hospitality businesses is a very welcome addition to the library. It not only reminds the reader of well-known (but oft-forgotten) common sense, but also provides interesting and invaluable background material, so that that common sense is based on macro- and micro-economic theory and practice. Nick’s work is sure to become essential reading for all.”
Trevor Ward, International Society of Hospitality Consultant, Managing Director, W Hospitality Group, Nigeria
"Developing a Successful Hospitality Business is a deeply thoughtful guide for the investor seeking to make a meaningful impact in the complex world of hospitality. Nick’s many years of experience in guiding the successful delivery of hotels around the world and his ability to lead the reader along a path that is both methodical and engaging will become a ‘go to guide’ for anyone that is serious about succeeding in this sector."
Jo Upton, Member, Royal Institution of Chartered Surveyors
"Written in a manner that can and will help so many aspiring hospitality entrepreneurs who have the desire and the ideas, but not the knowledge of how to make them become a reality. Nick is sharing his incredible wealth of experience of both his corporate and personal acquisitions and there is a veritable mine of valuable information for the reader to help avoid the pitfalls that are lying in wait for both new and experienced entrepreneurs."
Charles Holmes, Fellow, Institute of Hospitality
