Renovations: Difference between revisions
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[[investments]] made (the costs will be the depreciation and -sometimes the interest) and to the operational costs (staff etc.) per year. | [[investments]] made (the costs will be the depreciation and -sometimes the interest) and to the operational costs (staff etc.) per year. | ||
Check the page [[Investments]] and the very handy pdf which give detailed overviews of most logical costs to be made: <br>The page [http://www.emeraldforesthotel.com/dox/Hotel_Cost_Estimating_Guide.pdf Hotel_Cost_Estimating_Guide] gives you information on the cost on upgrading thing in the hotel. Do not get lost in too much details and be sure to look and the [[costs]] of these kind of [[investments]]. <br> | Check the page [[Investments]] and the very handy pdf which give detailed overviews of most logical costs to be made: <br>The page [http://www.emeraldforesthotel.com/dox/Hotel_Cost_Estimating_Guide.pdf Hotel_Cost_Estimating_Guide] gives you information on the cost on upgrading thing in the hotel. Do not get lost in too much details and be sure to look and the [[costs]] of these kind of [[investments]]. <br> | ||
If things are not to be found here, go on the internet en search for an indication of costs related to your plans. Give your source and put the link in your explanation | If things are not to be found here, go on the internet en search for an indication of costs related to your plans. Give your source and put the link in your explanation in the [[Team file]]. <br> | ||
The same goes for new ideas and developments: be realistic in estimating the costs and the revenues. Always relate to existing number and known or proven costs. | The same goes for new ideas and developments: be realistic in estimating the costs and the revenues. Always relate to existing number and known or proven costs. | ||
In your [[explanations | In your [[explanations]] much of this can be explained at [[decisions|decision]] nine extra depreciation costs renovation maybe at decision number 11 additional maintenance. Decision number 13, other expenses might be of use. And you do have free space to inform your coach on special issues each year. | ||
== Costs of the investments == __NOEDITSECTION__ | == Costs of the investments == __NOEDITSECTION__ | ||
Revision as of 13:45, 4 March 2016
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Renovations and new ideas
There is some problems in the hotel concerning the maintenance: some additional maintenance is well advised!
If you want to renovate parts of your hotel it is of importance to get grip on the costs. The costs are related to the
investments made (the costs will be the depreciation and -sometimes the interest) and to the operational costs (staff etc.) per year.
Check the page Investments and the very handy pdf which give detailed overviews of most logical costs to be made:
The page Hotel_Cost_Estimating_Guide gives you information on the cost on upgrading thing in the hotel. Do not get lost in too much details and be sure to look and the costs of these kind of investments.
If things are not to be found here, go on the internet en search for an indication of costs related to your plans. Give your source and put the link in your explanation in the Team file.
The same goes for new ideas and developments: be realistic in estimating the costs and the revenues. Always relate to existing number and known or proven costs.
In your explanations much of this can be explained at decision nine extra depreciation costs renovation maybe at decision number 11 additional maintenance. Decision number 13, other expenses might be of use. And you do have free space to inform your coach on special issues each year.
Costs of the investments
You have no problems on liquidity, so only bother about the costs of the investment, the depreciation! The maximum depreciation per year is set at € 250.000
Delay routine
The focus of your management should, of course, be on the continuing the hotel. So see costs and revenues from new activities always in relation to the height of existing costs and revenues. So it is all about thousands not about hundreds of euro's. So do not specify small expenses and keep the overview. Exactly understanding this shows entrepreneurship. So do not act penny wise and pound foolish.
Please keep everything in perspective: so do NOT go to much into details: so for renovating the bathroom for instance use
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