The primary role of the F&B department is to enhance the overall profits of a hotel. Many claim hotels with F&B should maximize the department’s profit or lease income. Instead, maybe the departmental profit motive should be secondary.
This article provides an introduction to the Federal Historic Preservation tax credit programs administered by the U.S. Government and the applicability of these programs to select hotel redevelopment projects.
One of the most important aspects of the sale and purchase of hotel properties is the technical due-diligence process. This investigation into the "bones" of an existing property can be critical to the success or failure of a hotel venture.