Phuket Beach Resort
Case Report : Phuket Beach Hotel Executive Summary Phuket Beach Hotel has space located on second floor of the main building which was underutilized. Planet Karaoke pub was expanding in Thailand and looking for a venue in patong beach area for setting up another outlet. Planet Karaoke Pub found unused space of the hotel most suitable for their new venture.
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Beach Karaoke pub project does not considered salary as excess man power is available but if we considered cost of staff salary, Beach Karaoke pub becomes less attractive. There are many factors that cannot be quantified but they need to be addressed for the evaluation of the projects including Security issues. Additional security guards can be hired to maintain law and order but the costs of extra security is not provided for analysis. Recommendation Wanida should suggest an investment recommendation in favor of the Planet Karaoke Club (PKC) project. Reference : On-line segments Text Book – Financial management (Theory & Practices) Phuket Beach Hotel report