The concept of Real Estate development is often used
generically to refer to either property development or business development, even to both simultaneously. However, the two concepts should not be confused, as there is a
clear distinction between them.
This would start with strategic
site location acquisition at one end of the spectrum and would conclude at the other end with the final handing over of a newly-built Hotel or Parking Structure to the Operator.
Even though business development and property development are two separate
entities, they often function as interconnected
requirements in the full spectrum of development.