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ASSET MANAGEMENT
Asset Management 1
Table of Contents
Executive Summary ........................................................................................................................ 3
Introduction ..................................................................................................................................... 4
Quality......................................................................................................................................... 6
Market Statistics.......................................................................................................................... 7
Composting ................................................................................................................................. 9
FCI ............................................................................................................................................ 11
Stakeholders .................................................................................................................................. 12
Conclusion .................................................................................................................................... 13
References ..................................................................................................................................... 14
Asset Management 3
Executive Summary
The resort of Hyatt Regency Perth is opened in 1984. This is located on the foreshore
parklands of Swan River. This is a five-star resort. This resort has four dining venues in which one
of the dining venues of the resort is café restaurant that has not been renovated after 35 years as
this property might be broken down somewhere. The café, restaurant has received many feedbacks
regarding the decoration, etc. For this café restaurant has the policies regarding the renovation and
improving the services. The concept of renovation will bring benefits to the sustainability of
economic and environmental objectives and concepts. This will help to lead the café restaurant to
compare to its competitors. This will bring more benefits to the stakeholders.
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Introduction
Hyatt Regency Perth is an excellent resort located on the foreshore parklands of Swan
River. This is a five-star resort. This resort has the best choice for each individual client and a
range of event coordinators with unique requirements. This resort has four dining venues including
La Strata, Cafe restaurant, plain street bar, and conservatory bar (Laura, 2016). The resort is been
here for 35 years so the property might be broken down somewhere. There is need of renovation
of café restaurant after a long time use and maintain. This restaurant has been overrated by the
feedbacks of guests. There have been a lot of complaints received about design, food, and
decoration in recent years (Georgia, 2017). Many of the stakeholders affected by this renovation
such as customer, investors, etc. The target of the resort is to improve the experience of the guest,
which, is based on the feedbacks, and renovating the café and the further facilities as per the
The resort Hyatt creates an experience and try to put more focus on accommodation as well
as services in order to improve the satisfaction of the customer. The resort has been through the 35
years operation. There is a need to getting new renovation is essential to keep up with current
trends and renew its place. One of the characteristics and activity of a successful industry of cafe
The quality and design exceed the expectation of customers in way of pre-booking to post-
stay. The variety in service of quality and reliability are important. Café will be designed according
to the full range of custom case good products including nightstands, media consoles, headboards,
This is very important to attract the customers in a café restaurant for the long run. The
design and quality have been modernized and offer good facilities (Levison, 2010). The
stakeholders would love to see the good quality and design of the café restaurant as it has worth,
hence, the renovation petition includes the accuracy. The restaurant should be designed in a manner
that allows a customer to find a better place to enjoyment. The design of the café restaurant consists
of the thermal and indoor quality of air, lighting of the restaurant, acoustic, safety features (Quin,
2018).
There are many elements to take into consideration in the design of a restaurant. The
concept of the success of a restaurant is “good food, good service, and good atmosphere. The café
restaurant of Hyatt is opened till night that offers an international buffet in the morning. This
restaurant provides services on the weekend as well for dining with a carte menu.
The café restaurant chairs and tables are replaced to a solid wood varnished with dark bright
colors. These changes have great effects on restaurant dining room furniture decoration and
competition with others. A well-decorated environment of Café should be able to improve the
The style and size of the chairs and tables are very important for café restaurant of Hyatt.
This is also the best feature to use light and bright tones when matching colors (Lawson, 2018).
The most important thing is to decide the color according to the overall style of the café. Following
are the objectives, sustainability, and concept for the renovation of a restaurant successfully.
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Making a plan is the first step for the renovation of the restaurant. The goal of the café
restaurant will be achievable after renovating. The renovation consisted of constructing and
designing to the interior spaces of the restaurant. Renovation of the restaurant is an easy way to
For this, there is a necessary requirement to set up function and vision specialty and the
restaurant’s ambiance matches with the perspectives of the brand. The café restaurant is decorated
with a range of plants all around the restaurant. The plants on the wall will highlight the name of
the restaurant.
Latest trends
The objective of the renovation of the cafe restaurant is to lay emphasis on the need to look
at relevant trends. Analysis of the latest trends and come up with them is necessary. The restaurant
will bring light that is more natural into the restaurant by glassing ceiling and windows.
Quality
The cafe restaurant will improve the quality of the food and many services of the café by
Economic Viability
The renovation of café restaurant is required as more restaurant is coming into this business
and the renovation will help the resort to bring more customers. For this, there is also necessary to
bring and develop some operational strategies for running a restaurant successfully. This is
Asset Management 7
possible by using the concept of quantitative methodology. Product served the management of
restaurant, customers, philosophies and personal goals had the highest overall mean response and
corresponded to the most positive influence on the viability of the restaurant. The market of labor
and retirement had the lowest means corresponding to a neutral effect on the success of the
The current economic climate of café restaurant of Hyatt is good for the customers. As this
organization will provide a good quality service after the renovation. Following are the economic
Market Statistics
Statistics of the market will create more options for the café restaurant. As this includes the
styles of the restaurant that are prevalent. This will develop the different concept of offering the
customer of the resort. The statistics of the market helps to present the restaurant with the
uniqueness of the different cuisine and points of price and target the market as well.
Structure of cost
Management of café restaurant have a good idea about the type of food, and determines
the suppliers of the food for the cost structure of the restaurant. Software programs of the café
The management of the café restaurant has a set of skill and experience to make the venture
a success. The management of café restaurant has the eye to maintain a high level of satisfaction
of customers. They all have the capabilities to motivate and train staff members. They all have the
Today’s customer of the restaurant is willing to spend more if a business uses eco-friendly
practices (Thepkanjana, 2016). For become an environmentally sustainable following are the
practices.
For reducing the waste café, the restaurant of Hyatt should rely on the latest technologies.
With the concept of renovation, they can use a digital inventory tool – like Peach Works of
BevSpot. These tools of software send alerts to the smartphone when inventory is nearing
expiration. This will get a real-time look at inventory so you do not over order. This will highlight
the chefs to grab ingredients to ensure they select those that are closest to expiring (Feder, 2017).
Café restaurant after renovation will cover the concept of reducing energy consumption.
As this concept of café restaurant has a lot of room for improvement. One of the best ways is to
opt for energy efficient appliances. This concept covers the time to upgrade or replace equipment,
as to look for the star logo of energy. These appliances use less energy without impacting
By recycling materials, reusing containers, and reducing waste concept after renovation
café restaurant can make huge strides towards sustainability. In the structure of renovation of café,
restaurant can swap regular toilet paper and paper towels with chlorine-free recycled paper. Mats
of kitchen should be made from 100% of materials recycled. Café restaurant will cover the policies
Composting
The concept of renovation of café restaurant covers to reduce food waste and greenhouse
gases. For this management of restaurant just keep a separate can in the kitchen for staff to dispose
of food-based waste. At the end of each day, dump it into an outdoor composite bin.
Going green is a smart move of the café restaurant with the concept of renovation. This
concept will support the organization to attract new customers, satisfy current guests, and improve
The concept of renovation of café restaurant of Hyatt covers the policies regarding the high
quality of food and services that reduce the impact on the environment as well. The renovation
policies of café will hold a good impact on the services. Good food with quality will be easy for
The budget of the refurbishment of the café restaurant is AUD 45000. The location of a
café restaurant is able to attract customers. Variable costs like utilities as a restaurant, likely use
large amounts of gas, water, and electricity requires a little extra cost. The renovation of equipment
of kitchen, running water, and refrigeration requires extensive renovations to create an appropriate
appearance. Workplaces of café restaurants like storage spaces, counters, prep tables, food coolers,
freezers, serving the material and cold food tables are the part of the restaurant. Furniture like
tables, chairs, stools, and booth are part of the renovation (Bailey, 2011).
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that wants to be fully protected from liabilities. In an atmosphere of kitchen with the risk for
Return on Investment
Return on Asset
Payback period
FCI
There is the risk involved in the renovation of the café restaurant. This organization can
lose the customers in large number. To avoid this kind of uncertainty organization should introduce
the customers with the concept of the renovation and can take the feedback regarding the
renovation and update the restaurant according to them very soon. Café, restaurant of Hyatt can
bring more policies and extra features to attract the customers. The renovation in a modern way
will bring the customers at large number, as this will hold the attracting features.
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Stakeholders
Owners, investors, operation managers, employees, and customers are the stakeholders that
will be affected by the renovation. As the current structure of café, restaurant of Hyatt is not able
to bring the customers in large number. This also shows the lower ratio of profit sharing.
Renovation will increase the number of customers. This will increase the profit in number.
The business of café restaurant will be manageable after the renovation as there is no need
for the lease or franchised. The concept of the renovation will lead the feedbacks in a positive
manner.
The concept of the renovation will give a great chance to stakeholders to compete with the
competitor in town. The competitor of Hyatt restaurant is The Furama. After passing the series of
renovation the café restaurant will get a good number of customers, compare to its competitors.
This restaurant has already received the third best food experience towards the industry of
hotel. The concept of the renovation will lead the good future with the next level of success. This
renovation will provide the new environment of work. This concept is very essential to get into
The operation managers of Hyatt will lead the charge of the renovation. This renovation
covers the concept of movement of staff to other venues. The investors would like to get the worth
of the renovation. This concept of renovation will have a new dining experience for the clients.
Conclusion
The concept of the renovation for discussing the community economy of café restaurant.
It will provide a common ground for people to share experiences, spark discussions, frustrations,
and conversations. The project of renovation will provide a more sustainable food system. This
concept of renovation will lead the high-quality updating services with compare to its competitors.
This concept will present the food with many categories to its customers. This is the level of
economic activity with the inclusive of food system. The static and dynamic map of financial value
and environmental factors will lead to the bright future of the café restaurant of the Hyatt
restaurant.
Asset Management 14
References
Lawson, V. (2018, 05 02). The Stories of Hotel. Retrieved from Revitalized of Cafe :
https://medium.com/the-hotels-network/perths-new-esplanade-hotel-set-to-be-revitalized-
and-re-positioned-ad686c0ffaf5
Thepkanjana, P. (2016, 11 04). Hyatt Environment Sustainbility. Retrieved from Digital Initiative:
https://rctom.hbs.org/submission/hyatt-environmental-sustainability-in-hospitality-
industry/