Business Commons^™

Accuracy Of Hotel Feasibility Study Projections, John M. Tarras

Hospitality Review

Hotel feasibility studies are critical in the determination of hotel construction, sales and refinancing. Discrepancies have been reported between forecasted results and actual operating results. The author, with funding provided by the Hilton corporation, examines whether such studies under- state or overstate occupancy, average rate, and net income.

Tip Allocation: A Compliance Study Tor Restaurants, John M. Tan-As, Raymond S. Schmidgall

Hospitality Review

Survey research of the commercial food service industry with regard to tips and tip allocation revealed that 50 percent of restaurateurs require that employees report a minimum amount or percentage of sales and over 50 percent which allocate tips report them as employee income. The authors discuss these results and point out other problems.

The Irs Collection Division: Contacts And Settlements, John M. Tarras

Hospitality Review

In his study -The IRS Collection Division: Contacts and Settlements - by John M. Tarras, Assistant Professor School of Hotel, Restaurant and Institutional Management, Michigan State University, Tarras initially states: “The collection division of the internal revenue service is often the point of contact for many hospitality businesses. The author describes how the division operates, what the hospitality firm can expect when contacted by it, and what types of strategies firms might find helpful when negotiating a settlement with the IRS.”

The author will have you know that even though most chance meetings with the IRS Collection Division are due …

Planning Buy-Sell Agreements In The Hospitality Industry, John M. Tarras

Hospitality Review

In the article - Planning Buy-Sell Agreements In The Hospitality Industry - by John M. Tarras, Assistant Professor, School of Hotel, Restaurant and Institutional Management at Michigan State University, the author initially observes: “The vast majority of hospitality firms (restaurants, hotels, etc.) would be considered closely-held corporations. As such, they have unique planning problems compared to large, publicly-traded hospitality firms. One area of special concern to the closely-held hospitality firm is the planning and adoption of a buy-sell agreement.”

The above thesis statement outlines the heart of the article; the buy-sell agreement in regard to smaller [closely held, as Tarras …