Business Plan - Boutique Hotel

Page 34

Appendix 1 Budget 1 China Empress Hotel Budget for the year ended 31st March,2010 $ (‘000) Cost of Reforming project Interior re-decoration of rooms

150,000

Re-decoration of lobby and restaurants

70,000

Re-decoration of Bar

20,000

Salaries for creative director & team

2,000

Award in design competition

800

Updating for Webpage and data bank system

700

Implementation of wireless and WiFi

300

Redevelopment of light and electricity system

1,000

Sundry and administrative expenses

500

Total Cost of Reforming project

245,300

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