$2024$FL$-$HOSP$-255-$W$01$

Discussion Board $3$

Discussion Board $3$

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Due Sep $8$

$20$ points

Discussion Topic: Discussion Board $3$Discussion Board $3$

Lorenzo Pelly has recently been assigned to serve as the GM and oversee the renovation and expansion of a hotel just purchased by the real estate investment group that employs him. Currently, the hotel consists of $300$ rooms and $8,000$ square feet of meeting and banquet space. The expansion calls for adding $150$ guest rooms, as well as $8,000$ additional feet of meeting space. Assume the expansion will take one year.

How is Lorenzo likely to begin the process of budgeting revenue for the hotel in its first year after expansion?

What historical hotel data would be useful in helping Lorenzo complete this task?

What additional information about the area in which the hotel is located would be helpful to him?

How important is the hotel controller likely to be in this process?