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Our staff of freelance writers includes over 120 experts proficient in capital square, therefore you can rest assured that your assignment will be handled by only top rated specialists. Order your capital square paper at affordable prices with cheap essay writing service! 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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