What is the definition of Hotel Asset in the hotel industry?
All property totally owned by the hotel can be explained as a Hotel Asset. General hotel assets are the hotel itself, gear, furnishings and food items. Assets can appreciate or depreciate in value over time, its therefore significant to track and record in order to know the financial circumstances of the hotel.
Also to be ready for corporation liquidation or bankruptcy. Depending on the hotel, its size and other factors, the hotels assets may be managed by the accounting department of a hotel or an asset management department/company. For example, in larger hotels its assets are managed by a separate subdivision, but in a small hotel its assets are managed by the accounting department.
Usually a Design Hotel is a modern, modern and cutting-edge. Often minimalistic and angular. Both external and internal design has to be high style. Most Design Hotels are lavishness hotels. Sometimes they are owned by a fashion designer (or fashion design houses).