How does a hotel property manager respond to the challenge of
revenue management?
In: Accounting
explain customer perspective as one of dimensions of the balanced scorecard in Hotel context
In: Operations Management
Explain the Financial perspective as one of dimension of the balanced scorecard for hotel business
In: Operations Management
What is the future Customer Relationship Management (CRM) that Hilton's Hotel will use ?
In: Economics
In: Operations Management
What processes would be involved in the initial set-up of the new hotel?
In: Operations Management
What are similarities. and differences. between running a club versus running a hotel?
In: Operations Management
October 1993 Marriott Corporation announced
plans to divide its operations into two separate
businesses (spin off of hotel mgt’ business)
– Marriott International: manage Marriott’s hotel chain and receive
most of the revenue
– Host Marriott: own all the company’s real estate and be
responsible for servicing essentially all of the old company’s $3
billion of debt
What will happen to Marriott’s stock price and
bond price after this announcement?
In: Finance
You are considering a hotel purchase. The current purchase price is $ 3,000,000. The bank is willing to finance 70% of the purchase price for 20 years in quarterly installments at 8% per annum mortgage nominal rate. What is the balloon payment you will have to pay, if you want to resell the hotel after 10 years? Consider a fully amortizing fixed rate mortgage.
a) $ 0
b) $ 1,445,395
c) $ 1,669,270
d) $ 1,981,333
In: Finance
At year-end (December 31), Chan Company estimates its bad debts as 0.40% of its annual credit sales of $879,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $440 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions.
In: Accounting