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HOW TO BUY A HOTEL Handbook: Franchise Issues in Hotel Purchase and Sale Transactions Jan 27, 2016: Buying or selling a hotel operating under a brand name requires special attention. Typically, the existing franchise agreement will be assumed, terminated or modified in some way, and the new branding arrangements will usually have a significant impact on the value and profitability of the hotel. The JMBM Global Hospitality Group® has represented buyers and sellers of hotels with all the major hotel brands, and has developed practical solutions to achieve a smooth transition of the franchise from the seller to the buyer, or to change the franchise if that suits the buyer's goals. Knowing when and how to work with the franchisor as part of the transaction can save both parties a lot of money, avoid major disruptions of hotel operations upon the sale and increase the value of the property itself.

Annual Budgeting Time is Now: Rethinking planning, budgeting, and forecasting Aug 9, 2015: If planning, budgeting, and forecasting isn’t delivering the value your business expects, it may be time for a good scrubbing.

Insights from Deloitte Development LLC.

Energy Savings Are Real, Achievable and Now Available to All! Jun 2, 2015: Energy reduction technologies and strategies will reduce labor, energy, and utility expenses. The cost reduction in these areas can positively affect P&L statements in 2012 and beyond. A change in the way a hotel utilizes energy is one of many sustainability initiatives that can reduce wasteful spending and increase bottom line revenue.

10 Ways Your Small Business May Be Breaking Employment Laws Apr 26, 2015

Do you think of yourself as a flexible employer or even just a nice one?

10 Ways Your Small Business May Be Breaking Employment Laws

Hospitality Food Sanitation Chemicals - A New Business Model Mar 11, 2015: The Current Industry Business Model

Beyond dilution control equipment, not much has changed for the large sanitation chemical providers. Their business model remains based on selling more chemical volume (price competitiveness). Their sales representatives are still rewarded on sales volume (which equates to chemical volume) and in our capitalistic system - rewards drive behavior.

Consider the following: if a sales representative is financially rewarded on volume sales, what is he/she incentivized to do? Read on yo learn more

Pushing Back on Credit Card Swipe Fees Feb 1, 2015

The Entrepreneur Who Pushed Back on Swipe Fees

A few tips on successful planned maintenance at your Hotel Nov 7, 2014: A well thought out timeline for projects is critical due to the impact on guests and operations.
It is crucial to incorporate operations tasks within it.
Operations must remove operating elements from rooms before work begins and then re-organize all rooms before they are put back into service.

Approaching The Top Benefits The Bottom By Robert Mandelbaum and Gary McDade Nov 4, 2014: While the revenue recovery has been well documented, hotel owners, investors, and lenders are more interested in bottom-line performance. Based on PKF-HR'sTrends® in the Hotel Industry report, net operating income (NOI) for U.S. hotels has increased at a compound average growth rate (CAGR) of 10.7 percent from 2009 through 2013

To better understand hotel managers' ability to maximize profits during this period of increased revenues, PKF-HR studied the financial performance of thousands of hotels that voluntarily participated in its annual Trends® survey. For this analysis, NOI is defined as income before deductions for capital reserve, rent, interest, income taxes, depreciation, and amortization.

How to Figure Out the Actual Cost of Your Employees Aug 20, 2014

Knowing how much you spend for each employee will help you improve your business results in four key ways:

You will correctly cost their time.
You will price your products and services more profitably.
You’ll help your staff understand the entire value of the compensation package you provide.
You can plan for the exact costs you’ll incur whether your workforce grows, shrinks, or stays the same.

Difficulties in the pub trade Feb 10, 2014: Guest Columnist Conor Kenny shares insights on business and financial challenges in this You Tube video on one of the world's most established segments of hospitality - the local pub. While you may not have a "pub" in the traditional sense of the word, there are many similarities to other services in hospitality. We felt our global readers would appreciate this unique perspective.

SAMPLE Banquet Alcohol Requisition Form Feb 8, 2014: IT IS PREFERABLE TO ORDER ALCOHOL FROM A PERMANENT LOCATION IN THE HOTEL OR RESTAURANT FOR EASE OF SERVICE, SAFETY AND TO AVOID LOSS OF PRODUCT

New Requirements For Claiming Tip Credit in USA Jan 29, 2014

May, 7, 2011 - Under a U.S. Department of Labor rule, which went into effect May 5, 2011, employers must comply with specific procedures if they seek to claim a tip credit for wages paid to employees who receive tips in addition to a cash wage. Every employee for whom a tip credit is applied as part of his or her wages, must be notified in certain formats as noted in the full article.