Mixed-use development projects are becoming more and more popular across the globe, as more investors are understanding the potential they can unlock, both for themselves as well as for the viability of their investment. These developments often combine residential or hotel units with other uses, featuring commercial and business spaces, restaurants, rehabilitation and wellness centres, sports facilities, marinas, clinics, cutting-edge hospitals etc.
The idea behind mixed-use developments is that each part of the development reinforces the others. For example, in the case of a mixed-use development that features a hotel, hospitality can be combined with unique shopping and wellness offerings as well as live performances etc. Studies abroad have shown that a mixed-use development combining a hotel and shopping centre, generates more revenue per available room (+30-40%), than a simple hotel.
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