Empowering Place: Unlocking Value for Investors by Integrating
Indigenous Values in Luxury Hospitality
Name
Peragallo-apera1-msred-cre-2025-thesis.pdf
Description
Thesis PDF
Size
11.94 MB
Format
Adobe PDF
Checksum (MD5)
d058f79b57bc63aa21dc4c3684067be7
Author(s)
Peragallo, Nadra Alia
Advisor(s)
Ng, Tinchuck
Date Issued
February 2025
Publisher
Massachusetts Institute of Technology
Abstract
The luxury hospitality industry has long been attuned to shifting consumer preferences, particularly as travelers increasingly seek unique, meaningful experiences. In today’s global market, trends centered on personalization, wellness, authenticity, and regeneration—further accelerated in the post-pandemic travel era—present both challenges and opportunities for real estate investors. This shift raises a critical question: How and where can value be unlocked in this evolving landscape?
This thesis explores how real estate investors can maximize value creation in the luxury hospitality sector by leveraging traditional performance metrics alongside a complementary
framework designed to uncover underexplored opportunities and enhance collaboration among stakeholder groups. Through the analysis of two case studies—Salterra Resort & Spa in South
Caicos, Turks & Caicos Islands, British West Indies, and Puntacana Resort and Club in the Dominican Republic—the study demonstrates the practical application of this framework in
tropical, coastal, and island regions, where the interaction between tourism, local communities, and fragile ecosystems is particularly pronounced. By showcasing its success, this research provides adaptable stakeholder rubrics and qualitative system dynamics causal loop diagrams as templates, while broadening the scope for innovation and inspiring further exploration of sustainable, value-driven approaches in luxury hospitality.
MIT Department
Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.
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