You have been appointed as the new general manager for a boutique hotel close to the CBD.
Question:
You have been appointed as the new general manager for a boutique hotel close to the CBD. The hotel is a 4-star all-suite hotel with 80 rooms, a café, bar, garden courtyard, pool, and sauna.
One of your roles as the general manager is the management of the hotel's physical assets. These responsibilities include energy management, waste management, and purchasing and maintenance of equipment.
The hotel has very few policies and procedures in place relating to asset management. Your job is to make sure the hotel has the correct policies, procedures, and asset management plan in place for the acquisition, maintenance, and replacement of hotel assets.
The owners have agreed to purchase/replace the following items this year:
- 1 x 12-seater bus for airport transfers
- 1 x 24 tray Convotherm Combi oven
- 40 x Sealy Posturepedic queen bed mattresses
To assist you further, this assessment has been divided into two (2) parts:
- Task A - Acquisition, maintenance, and replacement plan, policies, and procedures.
- Task B - Asset register, maintenance program, environmental sustainability and purchasing options.
2.2 Specifications and calculations:
- Explain how depreciation is being calculated for the items on the asset register.
- Is there another method that could provide a better cash flow?
Are the specifications and calculations accurate for each item currently on the asset register?