The Westin Tampa Bay is located just 5 miles from Raymond James Stadium, conveniently situated for all fans to enjoy the upcoming football season and famous Outback Bowl. We're so close to the action, some guests can see the stadium from our rooms! Raymond James Stadium is home to the Tampa Bay Buccaneers and the University of South Florida Bulls. It has emerged as one of Tampa's most recognizable landmarks, and it affords Buccaneer fans the most exciting game atmosphere in the National Football League. The stadium is also host to other concerts and things to do in Tampa Bay throughout the…
Dan Cohrs is preparing the annual hurdle rates for the three divisions of Marriot Corporation (Lodging, Contracts, and Restaurants) which will have a significant impact on the firm’s financial and operating strategies. Marriott’s has been truthful to its operating strategy to remain a premier growth company, Marriott’s sales and earnings per share have doubled over the last four years. In 1987 Marriot’s sales rose 24%, the return on equity was 22% and profits were $223 million. Lodging consisted of 51% of Marriott’s profits, while contracts services and restaurants amounted to 33% and 16% respectively. However, the sales mix is not proportionate to relative profits, where 41% of sales are generated from lodging, 46% from contract services and 13% from restaurants. One of the main factors in Marriot’s lodging success has been their strategy to syndicate hotels to limited partners with a three percent management fee and 20% of profits before depreciation and debt service. One of Marriot’s key strategic elements is to optimize the use of debt in the capital structure for which it uses an interest coverage target instead of debt to equity ratio to determine the ideal amount of debt to hold.…
This paper will discuss the pros and cons of the Rosewood Hotels moving from individual brands to a corporate brand. It will look at the history of Rosewood hotels, how they got to where they are, their customer base, and where they want to go. It will look at the concept of customer lifetime value as it relates to the Rosewood Hotel customer, then make a recommendation for or against tying its corporate Rosewood brand to all of its present and future hotels.…
Receivables: Meriwether has a fair amount of receivables. It will be up to the Board of officially write off unrecoverable receivables.…
Courtyard Healthcare Center is one of the nursing homes in Davis City, California. The facility offers 24-hour nursing services, physical therapy, speech and occupational therapy in order to help individuals regain their independence or maintain their current abilities. Examples of these services are: pain management, stroke recovery program, continence improvement program, and Neuromuscular rehabilitation and neurological deficit management. Courtyard Healthcare Center can accept up to 112 residents. It is also considered to be a moderate facility and is not a part of the continuing care retirement community. The average age of admissions for elderly residents is 65 years of age and older.…
What is the weighted average cost of capital (WACC) for Marriott Corporation? WACC = (1 - τ)rD(D/V) + rE(E/V) D = market value of debt E = market value of equity V = value of the firm…
Today, nearly 95 percent of the Juma rainforest remains intact. As Marriott International expands our global portfolio, we are creating a world of opportunity for our associates, customers, owners and franchisees, business alliances and communities. At the same time, our business model remains grounded in a set of core values: put people first, pursue excellence, embrace change, act with integrity and serve our world. We’ve seen some big changes at Marriott® recently, including our new appointments — with Arne being named president and CEO and Bill becoming executive chairman; the reorganization of our lodging group into a continental structure that drives better operating results and growth; and the spin-off of our timeshare business resulting in two strong companies with solid core businesses. Throughout these changes, we have remained steadfast in our focus on sustainability innovation and action that fuel the way we conduct business and how we approach our responsibility to the planet and society. This report discloses the progress we’ve made toward our sustainability goals over the past two years. And it highlights how we are teaming up with diverse stakeholders — suppliers, governments, nongovernmental organizations, universities and even our competitors — to find long-term solutions to some of society’s most critical challenges.…
You would value investments that have similar characteristics as the divisions of Marriot because we used these divisions to create the WACC. Investments in Lodging, Contract services, or Restaurants would all use their own WACC measures and not the measures used for the whole corporation.…
Thank you for the opportunity to work for (Hampton Inn). I appreciate the time you spent with me. I excited to be apart of the (company name family). Looking forward to working with everyone and the experiences that you will have to offer. I will put my best foot forward in upholding the reputation of the Hampton Inn.…
This hotel is based in Bangkok and was established by local investors 15 years ago and was operated by Thai general manager since that time. It had 700 employees that time and use to provide good employee benefits, above market rate salaries and job security and bonuses regardless of the hotel performance during that year. This hotel was sold to an American large chain of hotel who wanted to expand its operation in Thailand. The general manger decided to take an early retirement since the acquisition was announced..The new owners kept all old employees and few were transferred to other positions. A new general manager John Becker an American with 10 years of management experience was appointed.…
Marriott Hotels, Resorts, and Suites are known world wide for their superior hospitality company. They were founded in 1927 by J. Willard and Alice S. Marriott and currently operate around 3,000 lodging properties in the United States as well as 67 in other countries (Malhotra, 2010, p. 517). Marriott is a name that is known by most people and continues to grow and improve its services throughout time. The hospitality industry has a tough job at times because they are responsible for making people feel as if they never left home. Whether this is by providing something as simple as a bed and a shower or by having extremely luxurious rooms with lavish pools, gyms, and excellent service. Either way, Marriott has to provide a room and services that make people want to stay at their location when they are away from home and come back each and every time. This job is difficult, but to their advantage, they are able to use marketing research as a means to get quality information on problems or issues that are of importance.…
The future of tree house hotels is in the process of becoming even more and more successful. In April 2006, a team of trained individuals put together their thoughts and ideas for a more efficient tree house hotel not only to help the environment, but as well as people and their stay at the hotel. In The Telegraph Newspaper, an article titled “Eco tree houses, the homes of the future” described the uprising tree house hotels as “the timber-framed, 4-story Sigma house, designed by architects PTP and built by the Stewart Milne Group, which has been awarded 5 stars” (Eccleston, 2007). The Stewart Milne Group has been working constantly on this project to make the future of the tree house hotels very successful, and by 2012 these hotels well be making their way to a more eco-friendly environment and saving more money. According to the design team, they have already considered many ways to help enhance the facility and better the water and supply system, as well as the energy efficiency that is being used. As stated in the article from The Telegraph Newspaper, “living tree houses would eliminate wasted energy used in harvesting wood for lumber, hauling and cutting lumber, and they would be carbon neutral” (Eccleston, 2007). Their main focus to improve these hotels is to eliminate wasted energy and make them carbon-free. Also included in the article “Eco tree houses, the homes of the future” are a few of the future designs of these tree house hotels, which are described as follows: “100% renewable energy heating hot water from solar thermal panels and by generating electricity from roof mounted turbines and photovoltaic panels, a ‘grey water’ recycling system from bath, shower and basins for use in flushing toilets and rainwater collection on the roof, all timber from sustainable sources and the design and construction delivering a claimed 100% reduction in CO2 emissions over standard building regulations, a heat sensor that opens and closes even temperature flow, air…
Wynn Resorts, Ltd. is one of the leading names in casinos and resorts. It is distinguished from its competitors because only Wynn Resorts offers high class service and it offers the most luxurious experience to its customers. The man behind the success of Wynn Resorts, Ltd. is Mr. Stephen Wynn, the CEO.…
From the description of the case study, it seems that the reason lead the Portman Hotel to this terrible situation was that their HR policies were inconsistent with its strategies. The Portman Hotel's philosophy is that if they want their customers treated better, they must treat each other better. They also think the Portman Hotel is a place where they can make their employees feel satisfied with their jobs. Their jobs will be fun and they will fulfill their expectations. The employees will have the best work experiences. Besides, the Portman Hotel expects to be the best employer in San Francisco. They are willing to show their trust and pride in their employees. That's why the hotel considered their "associates" of the highest potential, and, thus, they could retrain associates rather than reprimand them. In addition, they wanted to help employees gain growth in both associates' personalities and their professionalities.…
Since Mariott Corporation’s performance has been exceptional after the improvement program initiate in 1975, the…