The hotel is defined as an establishment that provides paid lodging, usually on a short-term basis. Hotels often provide a number of additional guest services such as an accommodation rooms, restaurants, swimming pool, etc.
Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets owned by a business. Assets can be either physical or intangible. An example of value derived from a physical asset like a building is rent. An example of value derived from an intangible asset like an idea is a royalty. The effort involved in "harvesting" this value is what constitutes business operations.
A business operation encompasses three fundamental management imperatives that collectively aim to maximize value harvested from business assets (this has often been referred to as "sweating the assets"):
1. Generate recurring income.
2. Increase the value of the business.
3. Secure the income and value of the business.
The Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain, used primarily in common law, while civil law jurisdictions refer instead to immovable property. Property law, the area of the common law that governs real property, differs from contract law in that it focuses primarily on rights that one person holds over all other people, as opposed to specific individuals.
Management is all process achieving by humans groups to inquire the implementation and corrects applications in orden to carre out the objectives discussed among enterprises and organization.
Phases of Process Administrative Classic :
1- Planning
2- Organizing
3- Implementing
4- Controlling
5- Direction and feedback
High Management is a internal group of policies and planning that be doing about establishment of the organizational structure and direction from high management, as well as to implement system of internal control adequate, including guidances of staff, which as Humans Resources, informatics and committees.
Line Management normally is responsible for the implantation of the plans and strategies formulated, in order to achieving the incorporated goals and objectives. Strategic plan be create to process, the coordination and achieves of the objectives, which be developing in three levels in one organization:
a) High Management - Incorporate Level
b) Line Management - Division Level
C)Funcional Management - Program Level
High management is conformed from the Administrative Council supported in the auditory committee and internal auditory function, the president and the unities counseling from humans resources, legal counselor and the vicepresidents, in order to implement a planning process.
Line Management is conformed with the follow membership: vicepresidents of the area, whose at the same time given authority delegated to their functional managers, in order to implement the procedures that will be using to carry the plans out.
