Chapter 1 INTRODUCTION / BACKGROUND OF THE STUDY As the world of academe and business evolve into a kaleidoscope of changes‚ the need for a fast-paced epitome of development must arise. One key that will open the access to the said progress is the formation of youth in one’s nation. And since the academe takes part in the configuration of these individuals in our nation‚ then it must impart resources to these people. The role of business is as profound as of that of the academe. It must not only
Premium Supply and demand House Cebu City
Industry • Scope of the Industry • Hospitality Industry Food & Beverage Industry (A DIVERSE INDUSTRY) Commercial Operations Non-Commercial Operations o Free-Standing Eating & Drinking Places. Business/Industry o Lodging Food Service Facilities. Healthcare o Other Commercial Facilities. Educational Institute Transportation companies Leisure operations Non Commercial Operations And Contarct Management Companies Industry: A classification
Premium Restaurant Fast casual restaurant Types of restaurants
1. Key factors of debt a) Tax rate Tax rate is based on state policy and net income of the company. Since tax rate of 1988 is not expected to change‚ tax rate of 1987 is the best estimation of rate of 1988‚ will be 44.10%. b) Bench mark bond Lodging division uses long term debt for debt‚ and based on going concern‚ 30-year bond rate is selected as bench mark‚ which is 8.95%。 Contract services division and restaurant division uses short-term debt rate‚ that is 1-year U.S. Government rate equals
Premium Debt Weighted average cost of capital Leverage
along the coast in South Mumbai. Spotted in the city’s prime business and shopping locale of Nariman Point‚ the totally updated lodging is perceived as a definitive end of the line for contemporary style and extravagance in the city. Neglecting the Middle Eastern Ocean‚ the inn epitomizes the outline rationality of tallness‚ light and space that is supplemented by Oberoi Lodgings’ incredible administration conveyed via minding and productive group. The Oberoi‚ New Delhi The Oberoi‚ New Delhi is conceivably
Premium Taj Mahal Taj Mahal Delhi
HISTORY OF LODGING INDUSTRY IN THE PHILIPPINES FROM 1800’S UP TO PRESENT TIMES Being a student from Manila‚ I came from different schools in University Belt‚ I’m a little bit curious and interested about how the lodging industry in the Philippines were full grown up to now. Even if I seldom experienced entering hotels‚ inns‚ and motels‚ it sounds interesting to me as it was been one of my course now. As I’m studying in Manila‚ I started making WH-questions related to this so-called “lodging industry”
Premium Manila Hotel Philippines
Yingying‚ Irika | 1155020931 | TIAN Tian‚ Sarah | 1155019114 | WU Jiajie‚ Jesse | 1155019061 | 17 September 2012 Executive Summary By 1987‚ Marriott Corporation had grown into a large multi-dimensional company with over $5 billion assets in lodging‚ contract services and restaurants. The company enjoyed fast growth in both sales and assets at around 16% per year from 1984 to 1987 and aimed to continue this trend into the near future. The management was determined to develop the company into
Premium Weighted average cost of capital Debt
Marriott Corporation: The Cost of Capital (Abridged) General Approach The company is split into 3 divisions Lodging‚ Contract Services and Restaurants. The WACC for each of the 3 divisions and then subsequently the entire corporation’s WACC need to be calculated. This will be done through calculating the WACC for each of the 3 divisions and then taking a weighted average of these 3 divisional WACC numbers to get the overall Marriott Corporation WACC. 1. Calculating the Beta a
Premium Marriott International Weighted mean Mathematics
investment and construction‚ Robin’s desire became a reality after converting their property to a bed and breakfast place. “The Tamera Plaza Inn” became not only a place to stay‚ but a memorial and tribute to the Tamera Family. The Inn offers overnight lodging and meals. It includes 1 Superior room‚ 8 De Luxe rooms ‚ 6 standard double rooms‚ 5 standard single rooms‚ a function room‚ all air-conditioned with cable TV services. The Tamera Plaza Inn has 30 full time employees to date. Meanwhile‚ the inn
Premium Cost accounting Costs
government rate. We used the 30-year maturity for the cost of debt on Marriott Corp and the Lodging division. We did this because both the Lodging division’s assets and the company have long useful lives. We used a 10-year maturity for the cost of debt on the Restaurant division. We did this because the useful life of the assets in a restaurant are not as long-term as those in Lodging‚ but are also not extremely short-term. We used a 1-year maturity for the cost of debt
Premium Finance Marriott International Interest
the team is expected to suggest the proposed market risk premium. ➢ WACC should be estimated for the overall firm ▪ CAPM – equity beta vs. asset beta - see Section F • Compute a separate cost of capital (WACC) for the lodging business‚ contract services business and restaurant business. ➢ How was cost of debt measured of each division? Should the cost of debt differ across three divisions? Why? ➢ What is/are suitable comparables? Why? ➢ What
Premium Interest Investment