Integrated Resort

UNLV Theses/Dissertations/Professional Papers/Capstones

5-1-2009

Maximizing cash flows in integrated resorts: An exploratory study of the highest and best use of available space

Denise Négrel

University of Nevada, Las Vegas

Repository Citation

Négrel, Denise, "Maximizing cash flows in integrated resorts: An exploratory study of the highest and best use of available space" (2009). UNLV Theses/Dissertations/Professional Papers/Capstones. Paper 557. http://digitalcommons.library.unlv.edu/thesesdissertations/557

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MAXIMIZING CASH FLOWS IN INTEGRATED RESORTS: AN EXPLORATORY STUDY OF THE HIGHEST AND BEST USE OF AVAILABLE SPACE

By Denise Négrel

Bachelor of Arts in Political Science LUISS Guido Carli University 2002

A professional paper submitted in partial fulfillment of the requirements for the

Master of Science in Hotel Administration William F. Harrah College of Hotel Administration

Graduate College University of Nevada, Las Vegas May 2009

ABSTRACT Maximizing Cash Flows in Integrated Resorts: An Exploratory Study of the Highest and Best Use of Available Space

by Denise Négrel Dr. Anthony F. Lucas, Committee Chair Associate Professor of Hotel Management University of Nevada, Las Vegas

Through the analysis of the available literature, this exploratory study focuses on the concepts of direct and indirect contribution of amenities to the financial results of Integrated Resorts. In addition, the paper reviews the retail definition of highest and best use and evaluates its possible applications to the hospitality industry. Even if limited in number, studies in the field show that, with the appropriate statistical models, it is...