[Writer's Name]

[Supervisor's Name]

[Subject]

[Date]

Business Proposal- Hotel

Introduction & overview of the hotel

This business proposal is based on proposing a business expansion regarding Palace Station hotel in Las Vegas. The expansion plan is based on increasing the number of rooms, its size and other values added services facility for the Las Vegas public.

An off-Strip property, Palace Station serves locals and tourists with great food, comedy acts, affordable rooms and much more.

Originally the Bingo Palace, Palace Station paved the way for the rest of the Station Casinos. The acclaimed Sunset, Texas, Santa Fe and Boulder Station hotels wouldn't exist if not for the dazzling success of this establishment. And the driving forces behind Palace Station are constantly refining and building on their good fortune for the benefit of their guests.

The accommodations are spacious and just minutes from the Las Vegas Strip, offering room choices that run the gamut of comfort to class. Rooms and suites in the recently remodeled tower boast a sophisticated, modern decor and upgraded amenities, including flat screen televisions, pillowtop mattresses and designer bath products. The non-smoking courtyard rooms are clean, comfortable and convenient with plenty of amenities. Guests won't have to trek through the casino upon check-in; rooms are easily accessible from the lobby and parking garage.

Palace Station's casino virtually crackles with charged excitement, with more than 1,800 slot machines, 57 table games and a 307-seat bingo room and Pit 8, an Asian games area featuring Pai Gow Tiles. There is also a high limit slots area, an expansive race and sports book, a bingo room and a small poker room. Those who come to Palace Station not to stay, but to play, will enjoy the convenience of a separate casino valet, located with easy access to the casino floor.

Business Proposal

Objectives

Open the Lowland Heights Roadhouse "turnkey operation" with existing bookings from the previous owners, and new bookings under an uncreased rental rate after possession.

Exceeding the customer's expectations for hunting and vacationing accommodations.

Maintaining a 90% occupancy rate each month.

Assembling an experience and effective staff.

To increase the number of clients by 10% each year.

Increase exposure and market using Internet technology and direct advertising.

Through incentives and increased exposure on the Internet, we hope to increase off-season occupancy by 30% the first year.

Increase off-season use by expanding into other uses for property (cater parties, receptions, weddings, etc.).

Keys to Success

Provide a facility that is first class with attention to detail.

Give each guest a sense that he or she is our top priority.

Provide quality meals.

Retain our guests to ensure repeat bookings and referrals.

Start-up Summary

Financial Considerations

We estimate average monthly fixed costs, including operating expenses and mortgage payment. Peak and off-season will have significant impact on the monthly earnings. For the first year, on-season revenues will offset off-season losses. As Palace Station builds its market position among the local patrons, we anticipate that off-season revenues will be enough to break even during that season.

Start-up Summary

Start-up Funding

Start-up Expenses to Fund

$63,175

Start-up Assets to Fund

$43,033

Total Funding Required

$106,208

Assets

Non-cash Assets from Start-up

$25,033

Cash Requirements from Start-up

$18,000

Additional Cash Raised

$205,582

Cash ...