Renovations

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Renovations and new ideas

There is some problems in the hotel concerning the maintenance: some additional maintenance is well advised!
If you want to renovate parts of your hotel it is of importance to get grip on the costs. The costs are related to the investments made (the costs will be the depreciation and -sometimes the interest) and to the operational costs (staff etc.) per year. Check the page Investments and the very handy pdf which give detailed overviews of most logical costs to be made: you can check this list http://www.emeraldforesthotel.com/dox/Hotel_Cost_Estimating_Guide.pdf for an indication of costs on any issue in the hotel.

This list is not the truth, but gives you an indication. Of course feel free to use other sources and adapt suggested-offered prices. And, please focus on the 'big picture' so it is not about small amounts: the turnover is several millions and also groups of posts are all more in hundreds or even thousands of euro's. Think as a company, not as a private person. You can not just buy things in the supermarket: things should keep up healthy and safely standards as well as endurance and fitting in a maintenance plan. So all items will be much more expensive then your private comparable buys.

Do not get lost in too much details on prices and be sure to look and the costs of these kind of investments.
If things are not to be found here, go on the internet en search for an indication of costs related to your plans. Give your source and put the link in your explanation in the Team file.
The same goes for new ideas and developments: be realistic in estimating the costs and the revenues. Always relate to existing number and known or proven costs. In your explanations much of this can be explained at decision nine extra depreciation costs renovation maybe at decision number 11 additional maintenance. Decision number 13, other expenses might be of use. And you do have free space to inform your coach on special issues each year.

Costs of the new investments

You have no problems on liquidity, so only bother about the costs of the investment, the depreciation! The maximum investment per year is set at € 500,000 with standard 4 years for depreciation. So the maximum new investments to be made are € 2,000,000 over four year.

Delay routine

The focus of your management should, of course, be on the continuing the hotel. So see costs and revenues from new activities always in relation to the height of existing costs and revenues. So it is all about thousands not about hundreds of euro's. So do not specify small expenses and keep the overview. Exactly understanding this shows entrepreneurship. So do not act penny wise and pound foolish.
Please keep everything in perspective: so do NOT go to much into details: so for renovating the bathroom for instance use

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