Literally "hacer una fiesta"=to make/do a party. But we would not say that in English. Instead we "have" parties.

Hacer is to do/to make. To have is a different word entirely, which is tener. Tener typically refers to physically having something (e.g. I have this pen), with the exception of age because we "have years" in Spanish. Hacer una fiesta is not a literal translation; it's more like a phrase for have a party, as we know it in English.

I belive it is only used as "to do/make" and to "have" in a non literal sense, such as in "What have I done?" or "" ¿Qué he hecho?". Tener is used for possesion.

In case if it helps.... Hacer can mean any of these- accomplish, form, put, take, constitute, construct, keep, cause, pose, give, render, lay, perform, raise, inure, fabricate, carry out, hold, behave, be, fashion, work out, do, transact, run, make up, use, have, generate, get, act, create, imagine, make, effect, work, build, observe, prosecute

The rule of thumb is to say that generally adjectives go after nouns, but that is not the case here. Some adjectives go before nouns simply because they are not as descriptive as they are defining. For instance, one would say "El gran hombre" rather than "El hombre gran" because it's more of who he is rather than what traits he has.

A good example in English would be the difference between a wise man and a man that is wise. Dumbledore (yes, from Harry Potter) was a wise man, but your grandfather may just be a man who is wise. Or the difference between hot chocolate and chocolate that's hot. (That's actually a dilemma in English when it comes to comma usage separating coordinating and noncoordinating adjectives)

Sadly, this is one of those things where you have to memorize what adjectives commonly go before nouns.