In order to determine if a hotel development project would likely succeed,we would perform a

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Quizplus · Accepted Answer

A feasibility study is the best option because it analyzes the potential market demand, financial viability, and risks associated with a hotel development project. It provides an assessment of the project's feasibility and helps determine if it is worth pursuing. A property appraisal focuses on determining the value of a property and does not provide a thorough analysis of the project's feasibility. An operating assessment may be necessary after the project is completed to evaluate its performance and identify areas for improvement, but it does not provide enough information to determine if the project will succeed. A trust initiative is a vague term and does not provide a specific method for evaluating the project's feasibility.

In Order to Determine If a Hotel Development Project Would