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HSP 201 - Managing Assets Report - Royal Pine Resort

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Monroe Community College

   

Hospitality Human Resources Management (HSP 201)

   

Added on  2020-03-02

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HSP 201 - MANAGING OF HOSPITALITY ASSETS, the following report focuses on this restoration and renovation plan of the resort’s main master bedroom beach guest accommodation and transforms it into a royal suite. The renovation requires the change of around 100 hotel rooms and the concerned hotel area that will add to the new image of the hotel.

HSP 201 - Managing Assets Report - Royal Pine Resort

   

Monroe Community College

   

Hospitality Human Resources Management (HSP 201)

   Added on 2020-03-02

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Running head: MANAGING OF HOSPITALITY ASSETSManaging of Hospitality AssetsName of the StudentName of the UniversityAuthor Note
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1MANAGING OF HOSPITALITY ASSETSExecutive SummaryThe following report deals with the study of the main renovation in the maintenance of the assetsof a hotel. The purpose of this report is the examination of the renovation project of the hotelrooms of the famous Royal Pine Resort. The resort is located on the Gold Coast that isconsidered a tourism hotspot of Australia. The report anticipates the need for renovation withinthe one guest room accommodation of the respective hotel. The financial viability, economic andthe environmental viability of this particular project are reviewed in order to examine the rate ofsuccess of this project of renovation. It is clear from this particular report that renovation is animportant part of the asset management due to frequent asset modification that develops thevalue and quality of the asset and adds extra life to the asset. Another focus of the report is on thevarious effects of the renovation on the stakeholders as the owners, customers and employees ofthis resort. There is also covering of the technologies in this report for the use of the siteselection, feasibility of the project that is based on the analysis of the finance and the role of thevarious management executives within the resort.
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2MANAGING OF HOSPITALITY ASSETSTable of Contents1Introduction..............................................................................................................................32Justification of renovation........................................................................................................32.1Space for Renovation........................................................................................................32.2Evaluations of Building Quality and design needs...........................................................42.3Feasibility of the design....................................................................................................42.4Economic Evaluations.......................................................................................................42.5Competitor benchmarking.................................................................................................52.6Renovation Management..................................................................................................52.7Stakeholder perspective....................................................................................................63Analysis of the renovation project............................................................................................73.1Site selection technology..................................................................................................73.2Environmental sustainability.............................................................................................83.3Financial analysis and risks...............................................................................................83.4Owner’s perspective........................................................................................................124Conclusion..............................................................................................................................12References......................................................................................................................................14
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3MANAGING OF HOSPITALITY ASSETS
HSP 201 - Managing Assets Report - Royal Pine Resort_4

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