HB 237 Study Guide - Quiz Guide: List Of National Quality Awards, Franchise Disclosure Document, Franchise Agreement
Document Summary
Roi(return on investment) : percentage rate of financial return achieved on the money invested in a hotel property(after tax profit / total hotel investment) = Profit : money remaining after all the expenses of operating a business has been paid. Depreciation : reduction in the value of an asset as it wears out. Noncash expense is often tamed a tax write-off because the decline in the value of the asset is tax deductible tax. Appreciation : increase, over-time, in the value of an asset. Amount of the increased value is not taxed unless the asset changes hands(is sold) real estate. Owner/operator : hotel investor who also manages(operates) the hotel. Gm : the traditional title of the individual at a hotel property who is responsible for final decision making regarding property-specific operating policies and procedures. Also a gm is the leader of the hotel"s management team. Managing company : organization that operates hotels for a fee(a. k. a.
