Cost of Capital Lodging Division Tax Rate 0.44 Equity Beta D/D+S Lodging Hilton Holiday La Quinta Ramada Average 0.76 1.35 0.89 1.36 1.09 14% 79% 69% 65% 0.5675 S/D+S 86% 21% 31% 35% 0.4325 D/S Unlevered Beta 0.16 3.76 2.23 1.86 2.00 0.65 0.28 0.28 0.48 0.42 Target D/D+S Target D/S Levered Beta 74% 2.85 1.62 Costs of Equity: Rf Lodging MRP 8.95% 7.43% Beta Requity 1.62 21.02% Costs of Debt: Rf Lodging 8.95% Spread Tax rate Rdebt(1-T) 1.10% 0.44 0.0563 WACCs: Lodging Target D/D+S
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Maverick Lodging Case Study Notes * 1/2000: VP of Asset Management (Cindy Baum) was reviewing the 1999 balanced scorecard results for Maverick Lodging; she had developed & implemented the balanced scorecard throughout 1998 * 1999: first full year of results using the balanced scorecard approach * Designing a balanced scorecard had been a considerable challenge because of the complicated nature of the hotel industry * Maverick Lodging: managed hotels on behalf of 3rd party
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International Lodging Merger Role of Lambert Hotel Lambert Hotel is in second rounds of negotiations with AAA HotelCo of a possible merger between the two companies. Lambert is a strong brand with a luxurious and upscale tres comfortable Michelin rating‚ and AAA is rated at mid-scale category of equivalent ranking. Culturally‚ there is a difference in the approach to business mergers. Time wise‚ Lambert is eager to close the merger with AAA or consider the alternative value that is a safe bet
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The lodging industry serves a variety of travelers‚ and each business specializes in a particular type of customer. In this Checkpoint‚ you review the American Hotel & Lodging Association’s website listed in Introduction to the Hospitality Industry and reflect on the different types of travelers the lodging industry serves. Review Exercise 1 on p. 306 of Introduction to the Hospitality Industry and answer item b. b. From the AH&LA Web site‚ describe the typical lodging customer for
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Careers in Lodging and Food and Beverage Industries Andre L. Conyers Professor Darrin Stern HTM 100 There are numerous opportunities for management careers within the lodging and food and beverages industry such as‚ the Front Office Manager‚ Hotel Manager‚ Food and Beverage Manager‚ and the General Manager. The Front Office Manager is responsible for overseeing all front office operations to insure profitability‚ control costs and quality standards ensuring total guest satisfaction. This position
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Towards the Development of a Lodging Service Recovery Strategy John W. O’Neill Anna S. Mattila ABSTRACT. This article presents findings from a survey of 613 hotel guests and indicates that guests’ overall satisfaction regarding service failure and service recovery are higher when they believe that service failure is unstable and recovery is stable. Moreover‚ guests indicate they are more likely to return to the same hotel when they believe that service failure is unstable and recovery is stable
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CHEMICAL CUM CULTURAL CONTROL OF SUGACANE LODGING Muhammad Aslam*‚ Dr.Ghulam Sarwar*‚Shafiq Ahmad**‚M.Haroon Ashraf*** *Sugarcane Research Station‚ Khanpur. **Sugarcane Research Institute‚ Faisalabad *** M.Sc Student‚ Agronomy Department‚ UAF ABSTRACT An investigation on the control of sugarcane lodging through chemical and cultural means was carried out at Sugarcane Research Station‚ Khanpur during 2010-11. The
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JHT2 Indianapolis Bed and Breakfast Lodging Analysis Task 3 Penny Miguel WGU April 19‚ 2015 A. Indianapolis lodging industry environment evaluation Indiana‚ known worldwide as the racing capital of the world also bears the nickname Crossroads of America‚ which was adopted as the state motto March 2‚ 1937 (This is Indiana‚ 2009). These nicknames suggest numerous visitors travel the globe to experience Indiana’s finest attractions for business or pleasure and need suitable accommodations during
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) ) pa 11 Fi nanci aI Analysis I. Section 9 Financial Statement Formats The formats of the Summary Statement of Income and departmental statements can of coursebe designed to provide only ODeamount column to record figures für the time period covered by the statement. While the primary purpose of any of these statements is to present the revenue and expenses für the most recent accounting period‚ the true significance of such amounts can only be fully understood when compared with budgets
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Industry Analysis Paper Hotels‚ Rooming Houses‚ Camps‚ and Other Lodging Places SIC Code 70 Table of Contents 1. Introduction (Very Important) 2. The Industry’s Dominant Economic Features Market size Answer: In terms of revenue $90 billion Scope of rivalry Answer: Rivalry is very high in this industry because there are many firms that have very similar products Growth rate and what stage of the life cycle is the industry in Answer: In terms of revenue 3.2% growth
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