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Finance & Accounting
Pages 3 (753 words)
University | Word Limit: 750 Date: 7 May 2012 Budget Student name Candidate Statement I hereby declare that this assignment is my own work and any use of materials from other sources has been referenced accordingly. Candidate Signature: Date: Tutor Statement I hereby confirm that this assignment, to the best of my knowledge, is the candidates own work and they have not collaborated in the production of this assignment with any other person…
The hotel will be located in the mid of the city with high class interior and high class amenities to cater services to international tourists. The hotel will be one of its kinds in the city and will be the centre of attraction due to the facilities it provides to the local and international guests. The hotel will also include the cultural touch of he city and provides ethnic services. The size of the hotel is moderate and has 50 rooms to accommodate the guests (O'Fallon and Rutherford, 2010). The hotel has a large area and garden place for providing the guests with an excellent view of the city. The ownership of the hotel is in single hands and the owner holds the hundred percent shares of the hotel. The funding for opening the hotel will be done by the way of bank long term loans and with an initial investment by the owner. There is a capital investment of 2.5 lakh dollars in all combining the bank loan of 1.5 lakh and 1 lakh dollars of capital investment by the owner (Bardi, 2010). ...
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