FacC1Role%2c%20Cost%20%26%20ManagementST10

FacC1Role%2c%20Cost%20%26%20ManagementST10 - R & M...

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Click to edit Master subtitle style 3/7/11 Role, Cost & Management of Hospitality Facilities Chapter 1
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3/7/11 COSTS ASSOCIATED WITH HOSPITALITY FACILITIES D evelopment C onstruction O peration R enovation M odernization
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3/7/11 Development Costs Construction 60-65% 15% Development 10% Financing 8% Pre-Opening 3% Working Capital 2% Reserve for Operating Shortfall 3-5%
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3/7/11 Furniture, Fixtures Equipment
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3/7/11 Operating Costs Utility Costs What is included? POM account What is included?
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3/7/11 Operating Costs Utility Costs Water, Electricity. Steam, Fuel Waste Management POM Account (Property Operation & Maintenance) Labor Fringe Benefits Supplies and expenditures
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3/7/11 R & M
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3/7/11 Development Costs Construction 60-65% 15% Development 10% Financing 8% Pre-Opening 3% Working Capital 2% Reserve for Operating Shortfall 3-5%
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3/7/11 Operating Costs Utility Costs What is included? POM account What is included?
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3/7/11
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Unformatted text preview: R & M 3/7/11 R&M • Repair and Maintenance • Restaurants do not include labor – Restaurants more energy intensive Restaurants generate more revenue per square foot …. WHY? 3/7/11 Operating Costs • Can controlling costs increase profit margins? • Does occupancy determine operating costs? Which costs? POM … Utilities • Projected future of utility costs? – word on the street…. 3/7/11 Facility Systems • HVAC • ISDN • Energy Management System • Technologies 3/7/11 Management vs. Franchise • Can they be both? • Management Responsibilities • Franchise Responsibilities 3/7/11 Facilities Management Responsibilities • Protect the Average Room Rate – HOW? • Product Quality = Facilitates Condition • Poor Facility Condition = Lower REVPAR 3/7/11 ADA 3/7/11 CAPEX 3/7/11 FF&E 3/7/11 HVAC 3/7/11 POM 3/7/11 R&M 3/7/11 RR 3/7/11 TAB...
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This note was uploaded on 03/06/2011 for the course HFT 4000 taught by Professor Brown during the Spring '11 term at FIU.

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FacC1Role%2c%20Cost%20%26%20ManagementST10 - R & M...

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