2013 estimate excluding the ITDA. This growth would put the firm above its peer Marriott International and Starwood Hotels & Resorts Worldwide‚ who trade their share at 14.4 and 12 times‚ respectively. Hilton can earn much more by steering its trade into lower risks‚ higher-margin management‚ and franchise area. In 2012‚ the firm made an 18%‚ excluding the reimbursements and 53% of the adjusted EBITDA. While Marriott got a 59% of revenue of adjusted EBITDA and 82% of EBITDA from management and franchise
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value of debt/ D+E))+ After tax rate of cost of equity(market value of equity/D+E)) Cost of Debt Floating rate debt is considered short-term debt‚ so the 1 year government interest rate is used to calculate the cost of debt for all divisions and Marriott as a whole. (6.90%). For fixed debt the long term rate would be a better estimate. We could consider the returns on 30 year Government Bonds in April 1988‚ (8.95%). Floating Debt (40%) - 6‚9% Fixed Debt (60%) - 8‚95% Total debt = 40%*6‚9% + 60%*8
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architecture. With their highly decorative and geometric style‚ the Moors were responsible for the architecture of most edifices in NW Africa. One of the more prominent features of Moorish architecture is the arrangement of structures around one central courtyard‚ into which all other aspects of the building would open (The Columbia Encyclopedia). Great examples of Moorish style can be noticed in their mosques. For example‚ The Great Mosque at Al Qayrwan in Tunisia‚ featured a large court surrounded by galleries
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Hilton Hotels Corp - Travel and Tourism - World Euromonitor International : Global Company Profile January 2009 Hilton Hotels Corp - Travel and Tourism World List of Contents and Tables Strategic Evaluation................................................................................................................................................ 1 SWOT analysis........................................................................................................................
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Team Steam Level Theme Dakota Cruz-Andrews‚ Brandon Drolet‚ Kyle Oliver‚ Eric Hitchcock Level Theme The theme of the level will revolve around a Mexican old west prison‚ and you are an ex federally who is being held prisoner for a murder you didn’t commit. You will start in a jail yard and be moved to your cellblock inside where you have to do some collection work for the cellblock boss. The prison will also have access to the sewers underneath to make your escape you are allowed to use this
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the balconies and windows (2). Across the courtyard is a big rectangular Hall which has been used as an assembly or meeting hall at the time of Baba Khem Bedi Singh. According to the locals‚ this hall used to be a piece of artistic decoration (2). While looking at the hall from the courtyard we can see there a big wooden Jharokha with a half dome ornamented with lotus petals (2). Adjacent to the rooms was the well of the haveli and opposite to the courtyard at the extreme western side was a big stable
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© 2006 CORNELL UNIVERSITY DOI: 10.1177/0010880406289070 Volume 47‚ Issue 3 1-14 The Role of Brand Affiliation in Hotel Market Value by JOHN W. O’NEILL and QU XIAO The notion that a hotel’s brand contributes significantly to the property’s market value is supported by an analysis of nearly eleven hundred hotel transactions over the past fifteen years. The analysis found that brands added value beyond the usual contributors to a property’s value‚ such as net operating income and revenue per available
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training‚ and the elimination of laboratory manipulation after sampling (Marriott and Gravani 2006). On the other hand‚ the disadvantages of this method are the spreading of the colonies and applicable to only limited to low levels of surface contaminants. 2.1.2 Swab Method The Swab method is among the most Reproducible Methods used to determine the population of microorganisms present on equipment or food products (Marriott and Gravani 2006). It may be used to assess the amount of contamination
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Developing New Design Strategies in the light of Vernacular Building Heritage Ozgur Dincyurek Assoc. Professor Dr. Ibrahim Numan Eastern Mediterranean University Introduction The ignorance of environmental values/impacts that are ranged from local to regional scales in the design and construction processes‚ burdens the inconveniences of the “contemporary” living milieus. Locality bears particular values in terms of natural‚ built and cultural context that constantly shape the local identity
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Throughout the history of civilization man has often made monuments in many varied forms symbolic of the cultures they live in. These monuments are usually represented through arts of architecture‚ landscaping‚ painting‚ and sculpture. These diverse forms of art have their own unique qualities‚ all of which can be accented with sculpture in some way. As sculpture usually relates closely to the other arts in expression and style‚ it still relies on all of the social aspects of the society in which
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