Eres : Digital Library : Works

Paper eres2015_106:
The effect of strategy alliance on property values: A case study of hotels in Taiwan

id eres2015_106
authors Chu, Nan-Yu
year 2015
title The effect of strategy alliance on property values: A case study of hotels in Taiwan
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary It has been improved that brand could make the price premium and have multiple benefits. Thus, development of brand is one of most important strategies for real estate developers or owners. However, it takes time and cost to create. Alternatively, the strategy alliance seems to be the other approach to build brand. This paper argues that “Does strategy alliance make the price premium for real estate?” “What is the effect of cooperation on property values?” Therefore, based on the theory of brand premium and strategy alliance, this paper is centered on hotel properties in Taiwan, and uses the case study method to analyze how the value of hotel is changing after alliance. The empirical result showed that trust and manager support could maintain the long relationship of cooperation in the beginning of strategy alliance. Besides, the degree of price premium was determined by types of alliance. We suggest that the property owners or developers could use the concept of strategy alliance to create real estate benefits.____
keywords Strategy Alliance, Brand Premium, Property Value
series ERES:conference
type paper session
email nychu@fcu.edu.tw
discussion No discussions. Post discussion ...
ratings
session Real Estate Valuation
last changed 2015/07/08 18:06
HOMELOGIN (you are user _anon_320944 from group guest) Powered by SciX Open Publishing Services 1.002