Monday, December 26, 2011

capital square

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Good morning ms Crawford and class. The company


I am going to talk about today is called Capitol Square


Hotel, situated on the corner of George & Campbell


Sts, City. Capitol Square Hotel is a private company


Cheap Custom Essays on capital square




that provides accommodation services to tourists


visiting Sydney. It is a standard ½ star national


heritage listed boutique hotel with 4 guest rooms,


including a Jade Terrace restaurant which offers


breakfast and dinner. The hotel is in the quinary


industry and it does not have any other branches


outside of Sydney. The prime function of Capitol


Square is to provide accommodation services and


meals for tourists visiting Sydney and it’s mission


statement is to offer and provide the best accommo


dation services to guests and while ensuring that they


have the best experience while staying at Capitol


Square. The business goals of the hotel include finan


cial, social and personal goals. Financial goals, the


hotel aims to achieve a net profit of 0% increase per


year as well as a ROI of $100,000 each year for its


owner while retaining a steady profitability and full


hotel occupancy. Its social goals are to be well estab


lished and recognised among the public and to provide


employment, training, services and benefits to the


community. Providing continuous employment and


job satisfaction for staff as well as aiming to move


towards a more family-oriented business in the near


future are the main personal goals for the hotel. The


areas of research I have chosen to research are


finance & accounting, historical background and employ


ment relations. Finance & accounting. The hotel produces


main types of financial records. They include balance


sheets, profit & loss statements and bank registers, which


are similar to a cash flow statement. The 00 financial


records showed signs where the company was making a


negative profit, that is, operating at a very low gear and


high liquidity, however in 00 the financial statements


revealed that the hotel performed relatively better compared


with the previous year, with a net profit of $60000 in June


contrasted with a loss of $6000 in the same time last year.


Historical background, Capitol Square Hotel went through


the stages of establishment, development, receivership


and renewal during its lifecycle. The hotel was originally


named Gold Spear Hotel after a company in China called


Gold Spear Ltd invested a substantial amount of money


into an old property in the City. After the establishment


of the hotel in August 1 with considerable expan


sion, it began to operate at a loss, and following the


collapse of Gold Spear Ltd, Gold Spear Hotel was forced to be


put on receivership by the Commonwealth Bank until


in April 00 it was brought under a new private owner


ship. The bank cleared all debts and the company was


renamed as Capitol Square Hotel from May 00 onwards.


Employment relations, the hotel is covered by a enterprise


Agreement award called the Motels, Accommodation and


Resorts Award, which sets out the minimum rates of pay


and conditions of employment applying to all employees


at Capitol Square, it covers areas such as annual leave,


remuneration and termination of employment, which both


the employer and employees must abide to. The hotel’s


organizational chart is a functional structure, with only


management levels as the chain of command. As the hotel


is a small business the low hierarchy creates more effec


tive and efficient communication between each level of


management. The span of control is centralised, with 15


employees working under one manager. The hotel also


has OHS regulations set in place, which sets out all the


safe workplace practices for employers as well as


employees, ensuring that Capitol Square is under a


hazard-free and injury-free workplace environment.


At present the hotel is seeking further growth and


profit and is currently renowned as being the best-


valued international standard hotel in the City area.














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