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What is an operating budget

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What is an Operating Budget and what right over such budget is critical for OwnerOwner?
What is a Capital Budget and what right over such budget is critical for ?
What are Brand Standards and how are Brand Standards paid for?
What items does Manager typically object to Owner having any rights over in the Operating Budget and why?
Who usually employs hotel employees in U.S. deals and in International deals?
Why are labor unions so expensive for a hotel?
What is a typical Manager-oriented performance test?
Is it likely that a Manager will ever fail the typical Manager-oriented performance test? Explain.
What type of performance test would be best for an Owner that has a lot of leverage over the Manager?
Why should an Owner always negotiate for a restricted area and what is the ideal length of time that the restriction should remain in effect?
What does the term "SNDA" mean and briefly explain how each component works?
Why would a branded hotel Manager want to self-manage luxury hotel assets instead of franchising the brand and allowing an independent Manager or the Owner manage the hotel?

Reference no: EM132973137

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