Why might a profitable hotel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

In general, and not necessarily considering the above hotel example, what types of costs (fixed and/or variable)are involved in making a business decision to shut down?

I.e., define and explain the formal shut-down criterion/rule that a business should use.

Give specific examples of the types of costs that you chose above.