What does FF&E stand for?

furniture, fixtures and equipment

Why would a branded hotel management company want a 20-year contract and an owner a 5-year contract?

the owner may want to sell after 5 years

Hotel asset management has become very important today for all the reasons below EXCEPT ONE?

most hotel building owners have gone "asset light"

Why did most branded hotel companies go "asset light"?

to concentrate on one core business

Which is true about Sovereign Wealth Funds?

they are state- owned investment funds

studbud

Session 1 Quiz - Introduction to Hotel Asset Management

20 termsStudBud Administration1,754 plays

Imported from external platform

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Hotel brands, employees, customers and loyalty programs are assets?
True
False
2
Most branded hotel companies own their properties?
True
False
3
A good hotel asset manager should have both strong analytical skills and strong communicating skills?
False
True
4
Which one does NOT have asset managers on its payroll?
Deutsche Bank
Aquatis Hotel, Lausanne
Intercontinental Hotels Group
HVS
5
What does FF&E stand for?
none of the above
floors, freezers and electrical equipment
furniture, fixtures and equipment
french fries & eggs
6
Why would a branded hotel management company want a 20-year contract and an owner a 5-year contract?
short term contracts are too risky for management companies
management contracts are always for 20 years
none of the above
the owner may want to sell after 5 years
7
Hotel asset management has become very important today for all the reasons below EXCEPT ONE?
HAMs today are able to enhance value for owners
most management companies only focus on revenues and GOP
most owners don't know the hotel business well
most hotel building owners have gone "asset light"
8
A Hotel Asset Manager is the same as a Hotel GM?
False
True
9
The interests of hotel owners and hotel mangement companies are fully aligned?
True
False
10
What is an asset?
all of the above
an item that is able to meet certain obligations
an item of property that someone owns
an item considered to have value
11
Why did most branded hotel companies go "asset light"?
to concentrate on one core business
to better control both their buildings and land
they wanted to have real estate risk
to make more profit converting the hotels to offices
12
Why are the interests of owners and management companies NOT fully aligned?
all of the above
most owners want short contracts, management co's want long contracts
most management co's are not hotel owners
most management co's are more focused on earning fees than net hotel profit
13
Who are typical hotel stakeholders?
all of the above
the lender
the management company
the owner
14
Which one is private equity?
ADIA
HOST Hotels & Resorts
Marriott International, Inc
Cedar Capital
15
Which of the following is / are hotel asset management tasks?
hiring operating staff
answering hotel customer complaints
increasing the hotel value
running the daily operations
16
A hotel asset management plan can simply be considered as a road map to create value?
True
False
17
Which one is an intangible asset?
FF&E
hotel franchise agreement
hotel brand
none of the above
18
Which is true about Sovereign Wealth Funds?
they are also REITS
they are the same as private equity funds
HOST Hotels & Resorts is an example
they are state- owned investment funds
19
Which one is NOT part of a hotel asset management plan?
Feasiblity Study
Key Contractual Dates
Exit Strategy
CSR Considerations
20
Which of these could work in an asset management company?
property manager
all of the above
investment manager
risk manager

Session 1 Quiz - Introduction to Hotel Asset Management Flashcards | StudBud