Chamodi Suriyarachchi

Table of Contents Task 12 1.1Introduction to facility2 A.Funding options for the business2 B.Best option2 C.Reason for the selected option based on financial analysis2 D.Difference between freehold and leasehold3 1.2All legal requirements to the business5 1.2All legal requirements for the ongoing business8 1.3Current condition of the facility9 1.4The previous management of current property9 1.5 The current facilities and physical resources will come with the purchase9 1.6The current target markets are,10 Task 2:10 2.1Management strategies10 Task 312 3.1Identify future target market12 3.2 Possible improvements12 3.3Detailed plan for two upgrades14 3.4Budget for the both upgrades24 3.5Annual maintenance plan25 3.6Legislative issues26 3.7Funding options for proposed upgrades26 References27 Task 1 1.1 Introduction to facility A. Funding options for the business The funding options can be decided based on 3 preliminary considerations[CITATION Har16 \t \l 1033 ]. Those are, 1. Time restriction for the commencing the capital project 2. Projected cost of the project 3. How much will be internally fund and how much will be externally want Based on the above segments, Silent partnership – Which is for the partners who are willing to invest in the business and they are not joining with the day to day business activities. These types of partners have not much responsibilities in the business however they are liable to get the profits based on their investments. Bank loan- Banking are lending 50%-65% purchase price of the property. Before the lending, lender will check the assets and liabilities in the business property and decide whether the borrower can pay the debit. If the borrower has not any assets, then need guarantors to get the loan. Overdraft- “Loan arrangement under which a bank extends credit up to a maximum amount against which a current account customer can write checks or make withdrawals” Source: Business dictionary. B. Best option Based on the above 3 suggestions, the selected best option is funding trough bank loan. The reason is it is rather than the other options, bank loan is more liable. And can receive more amount than the other options to a lowest rate. Trusted partnership and can have fixed interest rate or variable rate based on the requirement. There are few banks available in NZ, among then ASB bank has selected to apply for the loan. The bank started 1874 and the bank awarded as “The New Zealand bank of the year” in 2017. Compare with the other banks, they have lowest interest rate for business loan (7.30% p.a). The target lending amount is NZ$ 537,000. The remaining amount will invest as the owners’ capital. C. Reason for the selected option based on financial analysis According to 2018 year-end financial report, the net profit was $ 55498. Assumption: previous years the property ownership is under the freehold condition. Return on investment of the bank loan Interest rate = 7.3% p.a Time of repay = 20 years Bank loan = $ 537000 Installment per month = $ 4261 Based on the latest profit, if the loan repayment settle by 20 years under 7.30% rate, owner can settle the loan through the profit. There are opportunities to grow the business. Based on the further target market, the expectation of the profit growth is 10% p.a. However, by 20th year with the current opportunities and visitors growing trend, the expected profit can target 60%, Target set based on the trend of five years’ financial report. If the owner can settle the loan within 15 years, his saving will be $ 137,444. The property is going to manage under soul property ownership. Therefore, by end of the 20th year, The target profit is: 55498 x 60% = $3,268 + 55498= $ 88,796 Therefore, the selected funding option is more liable and with the fixed interest rate, payment will be same amount for the whole year. D. Difference between freehold and leasehold Free hold means that you are the sole owner of the property. And the property will appear in your name at the land register. The owner can stay at the property as per owner`s wish and he can hand it over any other party as a transection. Lease hold defines that the property is owned by one party and the options are doing by another party for a period of time under the lease agreement. The lease agreement or this license is permits to use the building with agreed rental. Investing a leasehold property means the invertor is investing for a proper to last on 90 to 999 years. In this agreement there are few types of fees except to the lease value need to be paid until end of the lease period e.g. sinking funds, maintenance etc. Advantages Freehold Leasehold No ground rent Can share the cost of repair and maintenance Own full control of the property Insurance and building responsibility is under landlord No any maintenance, repair and service charges Save the time of tacking care the building by landlord Less complicated with less paper works Disadvantages Freehold Leasehold Full responsivity of maintenance and repair Never own the fully control or manage the property More time to manage the whole property So many restrictions and rules apply to the agreement If the repair is expensive it will directly affect to the owner’s budget No control of cost of services charges and ground rent Short leased properties will handed back to the owner when lease expired The best option will depend on the return on investment. As per the selected 3 investing options, freehold is the best option for this property is to get a bank loan from ASB bank. The property will acquire under free hold condition. Reasons for select the freehold terms are describing as per bellow. 1. Owner can control the full property. There are future developments have been proposed. In such a situation there might be restrictions can expect from the property owner if the property acquires under leasehold. All the modifications and developments can carry out as per the owners` wish. 2. There will be less number of conditions in the agreement and by acquiring the whole property, it is easy to get the bank loan under the ownership/freehold. 3. No any ground rent. The property is acquiring through a bank loan. After the loan settle the property ownership assign for life time. Then the property can handover to the next generation of the owner. Even, with a long time of the business continuity can achieve the long lasting reputation for this business. 1.2 All legal requirements to the business 1.2.1 Requirements for setting up the business According to the Business govt.nz website, the following steps need to be followed to setting up a business. 1. The business idea should be visible. As the first step, there should be a business plan by including all financing options, targets and expected profits. It helps to enhance the confidence of the success business idea. 2. Choose a name for the business. Before you place the name for the business, planner to need to check whether the name is already available or registered by somebody else. If so the same name cannot be repeated as per the government rules. 3. Choose a business structure. Most of NZ business are companies, sole traders or partnerships. As per the selected investment option (bank loan) the business is going to do as a sole trader. But before that need to get the consultation from lawyer or adviser. Advantages Disadvantages Easy to startup Liable for all debts Start – up cost is low Harder to grow Can control and get the profit More challenges on getting investment Can offset losses against other income Hire staff – As an employer need to register under Inland Revenue and meet a number of obligations. Tax – Need to pay tax based on the income to the Inland Revenue. 4. RealMe® login create This login is governing by the NZ government to specially managing the business risks, manage company details of registration and license of real-estate etc. This registration can help to reduce compliance risk, data losses fraud and duplication by providing high confidential data regarding person. 5. Get New Zealand business number This number is providing by the registration office as identity for the business. Then all the information will link with the number. The number can use anywhere to provide the business information. 6. Secure the business name Here the tool called “ONEcheck” which govern by the NZ government helps to secure the business name. In this section owner can i. Domain register ii. Reserve the company name iii. Check for trademark 7. Look into regulations There are different types of compliance related regulations need to be identify. Specially for health and safety, tax and levies, records and reporting hiring staff, managing staff, restructuring business and privacy etc. 8. Register your company If there is a plan to develop the sole business as a company, then company can register through RealMe® login 9. Register for GST Need to register for GST if the business earning more than NZ$60,000 per annum 10. Register trademark 1.2.2 Purchasing the property Torrens land registration is the land operating system in NZ. The ownership of a land will delegate through the Land Transfer Act 1952. Almost all land titles shall covert to the electronic formats for the convince of up to date in the land transactions. Major NZ Property Legislations are, Land Transfer Act 1952 Property Law Act 2007 Land Act 1948 Building Act 2004 Local Government Acts 1974 and 2002 Public Works Act 1981 Resource Management Act 1991 Unit Titles Act 2010 Rating Valuations Act 1998 Te Ture Whenua Maori Act/Maori Land Act 1993 Marine and Coastal Area (Takutai Moana) Act 2011 Overseas Investment Act 2005 Further foreign investment for property ownership need have a require the prior consent of the Overseas Investment Office (‘OIO’). Moreover, the investment in NZ is govern by the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005. Acquire a large business including land need to have a OIO approval. In addition to that, the land which has special interest in nonurban land that exceeds 5 hectares in area; land located on specified islands; and land exceeding 0.4 hectares in an area that includes or adjoins lakes, or adjoins the foreshore and seabed, reserves, historic areas and other listed features also need the OIO approval. To get the approval, applicant need to submit following details. Details of the applicant the vendor the nature of the investment and the likely benefits to the New Zealand economy. After the submission, relevant minister and OIO will observe the details. The recommendation will provide with in working 50 days. There is no any stamp duty for land property acquisition in the New Zealand. 1.2 All legal requirements for the ongoing business i. Tax of operation of the property Authorities in the local government are empowered to rates on the all properties with in their binderies. The rates are given as per the rental value, capital value and land value. Value Added Tax for Goods Services Tax (‘GST’) GST paying by the person who is registered for GST. If the business services do not exceed NZD 60,000 (USD 50,191) in any 12-month period, the registration is optional. The current GST is 15%. ii. Fire safety Applicable regulations are Fire Service Act 1975, section 21A; Fire Safety and Evacuation of Buildings Regulations 1992; Building Act 1991 and Associated Documents; Building Regulations 1992; and Building Industry Authority Act (Approved Documents amended June 2001). Facility need to have an evacuation path and need to fix smoke alarms. Further evacuation path need to be displayed. Minimum all-purpose dry extinguisher need to be available and inspect the condition 6 months wise. iii. Insurance The Innkeepers Act 1962 is applicable for the insurance. Host is liable for the guest loss of properties or damage within $-. iv. Resource Management Act 1991 and Amendments describes the number of guests can be accommodated according to the planned spaces. v. Health and Safety in Employment Act 1992 (OSH) which is applicable for the employees who are working at the place. The owner should ensure the working place is free of hazardous and need to provide personal protective equipment. Further, if there are any damage or unsafe condition occurs, employer need to communicate that to the guest and employees. vi. Sale of Liquor Amendment Act 1999 is applicable for the selling liquors at a motel. The host is liable to serve liquor for maximum 10 number of guests at a time. vii. Transport Act 1962 and Amendments need a P endorsement to charge the from the paying guest for the transport. 1.3 Current condition of the facility All facilities are in running condition and the age of this property is 5 years. Which is newly constructed facility compared with the other motels which are closed to the property. Owners residence with can sue by the owner and the reception also available in the owners’ residence. There are 2.5 bed rooms, kitchen, lounge, garage and 1 bathroom available at this home. This home is separated from the other accommodations. 1.4 The previous management of current property The property was operated by the owner and current buildings were developed by him. There was no any outsourced operating conducted by the previous management. Under the owner, there were employees and they are eligible to have the full time equivalents. Further free pickups were providing to visitors who are coming from Lake Brunner / Moana. 1.5 The current facilities and physical resources will come with the purchase The property is consisting with 6 acres surrounded by finest coast native forest. According to the advertisement at tourism property.com the current condition of the property described below: 7 Self-contained Timber Cottages individually set in a Village Style setting for Privacy and comfort. Each cottage has full kitchen facilities 8 Unit Cabin Lodge with large communal kitchen, lounge, showers, and laundry 8 Powered Campervan/Caravan sites positioned next to the Cabin Lodge facilities 8 Tent sites  Under Cover BBQ's Chip and Putt Golf, Outside Pool Table, Table Tennis Table & Petanque Court Large open spaces for ball games, relaxation Year-round Trout Fishing in Lake Brunner (only 2kms away) Comfortable Owners Residence and Reception Office Centrally located on the West Coast - just 30minutes to Greymouth The only Holiday Park in the area Opportunities to Grow the Business Ample land, sewage, and water capacity exists to allow for the construction of 4 new Cottages and doubling of the Cabin numbers (another Block). Source [ CITATION Tou19 \l 1033 ] 1.6 The current target markets are, Families: who are coming to spend the holiday. There are no any limitations. Couples: who needs to have rest from the busy life. Specially newly married couples. Groups: set of people who are in same university or at the working place can spend their weekends Small conferences: Business conference which need more privacy and confidentiality Weddings: there are so many natural resources in this property. People who are willing to get their wedding the outside “this place would be the perfect place” Task 2: 2.1 Management strategies 2.1.1 Three management strategies Owner operator: The total responsibility and the control is under the owner. The owner is not handing over the risks of managing the business to a third party. The advantage is, owner can get decision as per his requirement. The disadvantage is, owner will not aware about all the functions in the business. Management company: The owner is giving his requirements to the managing company. The management will run by under control of the 3rd or agreed party. However, management company is under hiring term therefore they will receive fixed amount for until end of their contract period. Franchising or time share the ownership and management Franchising management: A relationship with a franchisor who is providing licensed privileges to the franchisee to run the business by offering training, guidance organizing strategies and marketing strategies. 2.1.2 Best Option The best option for the current business is to having an owner operator management system. Because, all the buildouts and loan arrangements are doing under the owners control. However, it is better to have relationship with a management company in the future. Then owner can either manage or look after his other business as well. Under the current condition, rather than going for the management strategy, it is better to have the owner operator business management strategy. 2.1.3 Compression with other two types of business Corporations: who are free to share the company shares in the stock market. The company offers the self-employed tax saving and shareholders are not liable to the debt on the company. Corporation can be raising money easily. But for the proprietorships can start easily and continue with limited entities of the external partners. Shares are not dividing among others. Therefore, minimal formalities and regal relationships can encounter to the continuity of the business. SMEs: Small to medium enterprise. These companies are legally independent companies which are not more than 500 employees. Management can be incorporate with these kind of business and the decisions are based on the discussion with management and finally all people are agreeing to have a common decision. Task 3 3.1 Identify future target market According to OPEN report which had done by Chrisp & England-Hal [CITATION Chr18 \n \t \l 1033 ] the tourism 2025 has stablished their goals of tourism being a NZ$41 billion. In such a situation leisure travelers are next target market in the business. The main two drivers in NZ are Pristine natural environment &Welcoming population with indigenous cultures. Further researchers identified the top 5 tourism destinations as Auckland, Rotoruna, Wellington, Christchurch and Queenstown. The selected hotel is closed to Christchurch. The geographical location is surrounded by finest west coast native forest. Further Lake Brunner is the largest lake in the northwestern South Island of the NZ. And called as “the perfect place to fishing in NZ”. Therefore, leisure travelers can spend wonderful holiday at here. There might not be ageing limit, any of family member can have a perfect holiday in this hotel. 3.2 Possible improvements i. Refurbishment of rooms. Currently the original design has given more environmental friendly look to the hotel. As the new plan, the current outlook of the building is not going to change. But some modifications relating to the room modification need to be carry out. Specially to reduce the energy consumption and enhance the acoustic appetence. Further the fire safety need to be consider because the building structure is made of combustible things. The rooms need to modify with new curtains and bedding because those are aged by the time. The curtains material will change to silk curtain material to bamboo blinds to enhance the more environment friendly look. The lighting system currently use is in efficient. By using bamboo blinds it will push to get natural lighting. Further instead of current CFL bulbs, the plan is to replace with LED warm lights in the al lighting area. It will enhance the eye comfort and energy reduction. Add additional lights for outdoor. Replace box TV at the reception to LED TV for energy consumption. The TV is running 24X&. Therefore, significant energy is using for this TV. Including free Wifi zone at the reception area Add extinguishers in kitchen area ii. Add new outdoor activities The current holiday park energized cupules friends and individuals to visit. But with the future target, the area need to be accommodated to kids as well. Therefore, based on the surrounding environment, the outdoor activities need to modify. Except fishing and hunting, the river can use for boat riding, the free place environment closed to the cabin can use bicycle riding and camping for any age group. Because of these options it helps to get more revenue to the business. 3.3 Detailed plan for two upgrades 3.3.1 Refurbishment of rooms. Activity hours/ dates Vendors and costs Bamboo blinding fixing 2 labors 2 days Per day $10 =$40 Removing all old curtains : Labor cost 1 labor 8hours Per hour $ 3= $24 Bamboo blinds 90cmx210cm Vendor-Spotlight Contents - 1 blind with fixtures, fittings & installation instructions- Country of Origin Made in china Price: $ 39 Transport cost: $14 1sqm Vendor Ghgate.com Contents Only the shade Country of origin Made in China Price: US $29.23 Transport cost: free delivery Reason: Free delivery 90cmx210cm Vendor Burning warehouse Contents Shades with hardware fixing Country of origin Made in China Warranty: 12months Price: $17 Transport cost : no delivery Bamboo blinds fixtures 6$ Transport cost Free delivery Beds fixing – 3 labors 5 hours $30 Number of beds : Double size 160cmx209cm Vendor Urban sale Price: $ 469 Material: Solid pine King size 140cmx210cm Vendor Wood furniture Price: $ 891 Free delivery Material: Oak Reason: Free delivery King size 162cmx 215cm Vendor Target Price: 959 Material: Oak Pillows Vendor Harway Norman Type: Protect-A-Bed twin pack (46 x 72cm) Price: $40 Warranty: 5 year Reason: 5year warranty Vendor Smiths City Type: Microfibre Medium Pillow (73(w) x 46) Price: $59 Vendor Farmers Type: microfiber Medium 76x47 cm Price $29 Bed sheets Vendor K mart 300 thread count bamboo cotton sheat set 2 pillow cases include Price $49 Delivery $5 Vendor Bed bath and beyond Name: Design republique 800TC cotton Sheets set Price $ 89 100% cotton No returns accept Delivery $5 Vendor Planetlinen 500 tread count stripe sheets set NZ $ 69 100% cotton Delivery free for more than 3 items. Reason: Free delivery and 500 thread is suit for any person`s comfort Number of mattress Vendor Pk furniture 6cm Comfort Layer Price :$ 299 Warranty : 1 year Reason: Warranty Vendor House of beds Price :$ 699 NZ pine base Vendor Furniture zone Price $ 249 Transport beds $5 TV placement 2 labors 3 hours Per hour cost $10 = $60 TV price Vendor Harway Norman Konka 32 Free delivery Price $413 Warranty: 24 months Capabilities: Freeview Satellite Freeview UHF Netflix Smart TV Vendor Harway Norman Panasonic 32 HD Free delivery Price: $ 465 Capabilities: Freeview Plus Freeview Satellite Freeview UHF HDR HLG Lightbox Netflix Smart TV Warranty 12 months Vendor Harway Norman Samsung 32 Full HD Power consumption: 0.88W Warranty 12 month Price: $ 553 Reason: Brand name and full HD Transport cost $5 Cables for TV ( consider the TV placement also changing ) Supply through selected supplier Plugs Supply through selected supplier Replacement of lights indoor -2 labors 2 days Per day $ 30 = $60 Light cost Vendor Lighting plus S45 LED 5.5w B15 Opal Lamp - 3000K 5.5W Luminous Flux: 330lm CRI: Ra˃80 Efficacy: 73 lm/w Beam angle 150° Epistar LED Chip Not suitable for dimming Long lamp life of 30,000 hours Price: $ 5 Vendor Lighting plus S45 LED 5.5w E27 Opal Lamp - 3000K Features 4.5W Luminous Flux: 330lm CRI: Ra˃80 Efficacy: 73 lm/w Beam angle 150° Epistar LED Chip Not suitable for dimming Long lamp life of 30,000 hours Price: $ 5 Vendor Lighting plus S45 LED 5.5w E27 Opal Lamp - 4000K Features 4.5W Luminous Flux: 330lm CRI: Ra˃80 Efficacy: 73 lm/w Beam angle 150° Epistar LED Chip Not suitable for dimming Long lamp life of 30,000 hours Price: $5 Reason: 4000K Removing existing lighting and fixing new lights (interior lighting) 2 labors 2 days Per day $ 30 = $60 Outdoor lighting placement – 2 labors 3 days Per day $ 30 = $90 Wires for Outdoor lighting $90- $ 110 Holders of lights Outdoor lights Vendor Lighting plus Form 30W LED Floodlight Colour rendering index: CRI > Ra 70 Luminous flux: 2700 lm LED type: SMD Classification: Class I Colour temperature: 4000K IP rating: IP65 (Totally protected against dust and low pressure jets of water from all directions) Not dimmable Lamp hours: 30,000 1 year warranty Price: $ 65 Vendor Lighting plus Monza LED 30w Exterior Floodlight – Black Colour rendering index: CRI > 80 Luminous Flux: 2930 lm LED type: SMD Classification: Class I Beam angle: 120° Colour temperature: 4000k IP rating: IP65 (Protected against dust and low pressure jets of water) Lamp hours: 50,000 Price : $ 49 Reason: Price Vendor Lighting plus Foco 20W LED Floodlight - White Luminous Flux: 1400 lm Utilises COB (Chip-On-Board) technology where multiple LED chips are packaged together as one lighting module The fitting has an IP65 rating which means it is totally protected against dust and also protected against low pressure jets of water from all directions Rated LED life of 25,000 hours This fitting is not dimmable Price $59 3.3.2 Add outdoor activities Activity Cost Hours/ dates Boat riding Boats 2007 RIVIERA 47 G2 Usage Family Hull Material Fibreglass Hull Mono Length - Metres 14.33 Length - Feet 47 Price AUD $695,000 Listing Type Used 2004 BENETEAU SWIFT TRAWLER 42 Usage Family Hull Material Fibreglass Hull Mono Length - Metres 12.8 Length - Feet 42 Price AUD $325,000 Listing Type Used PELIN CORTEZ Usage Cruising Hull Material Composite Hull Mono Length - Metres 8 Length - Feet 26.25 Beam Width - Meters 2.4 No. Of Engines 1 Engine Make Volvo Penta Engine Model GLXi-E Engine Type 4-Stroke Engine Power - Hp 230 Engine Hours 560 Safety Equipment In-shore Trailer Configuration Tandem Price NZD $78,000 or near offer Reason: Can negotiate e Safety jackets Selected vendor is discount fishing supplies The reason is they have all the equipment’s and can get for a discounted price. Further based on number of jackets their discount and the service warranty is applicable for each purchase item Safety balloons and ropes Selected vendor is discount fishing supplies The reason is they have all the equipment’s and can get for a discounted price. Further based on number of jackets their discount and the service warranty is applicable for each purchase item Hire life guards Per month $ 340 Arrange boat parking area $ 400- 500 Land settlement – concrete for boat parking area – 5 labors 3 days $ 500 Bicycle riding 7 days Bicycles 2016 MERIDA RIDE 100 SILK BLACK GREEN Model year2016 Price: $499 Reason: Price 2017 MERIDA RIDE 100 MATT GREY ORANGE BLACK Model year2017 Price :$- MERIDA SCULTURA 100 GREEN Model year2019 Price: $999 Safety helmet Select hyper ride as the supplier because they are replacing a new one for damaged which is under 1 year warranty $ 69 Land settlement - 3 labors 2 days $500 Camping 3 days Kids camping Depends on the quantity and the time which are going to acquire Cost : $600 for total Balls Rings Cups Safety jackets Safety shoes First aids Hire Guiders Per month $460 *assumption: all labor costs are based on Glassdoor website and samples were selected 3.4 Budget for the both upgrades Budget of Activity 1. Budget of Activity 1 Budget : $29.23 $ 891 Price: $40 $ 69 Price :$ 299 $5 $60 $ 553 $5 $60 $5 $6 $90 $ 110 $ 49 $2737 Highlighted cells have selected as the supplier and the reason for the selection has been provided in the same cells Budget 78,000 $ 340 500 $ 500 $499 $ 69 $500 $600 $80508 Excluding few items (Items price need to calculate at the time of purchase) Highlighted cells have selected as the supplier and the reason for the selection has been provided in the same cells 3.5 Annual maintenance plan Activity Frequency Jan Feb Mac Apr May Jun Jul Aug Sep Oct Nov Dec Bamboo blinds cleaning Once a week 4 12 4 12 4 12 4 12 4 12 4 12 4 12 4 12 4 12 4 12 4 12 4 12 - - - (Light – indoor) Check the connectivity Once a month - (Light – out door )Check the connectivity Once a month- Paint light holding bars Once a year 20 Extinguisher check 2 times per year 19 19 Pest control Once a month - Check fuel condition of boat Daily Boat maintenance Annually 12 Clean the boat bay Daily Clean the bicycle riding path Daily Change the demarcation ropes in the river Quarterly 12 12 12 12 Check the safety of safety equipment Daily 3.6 Legislative issues There is no any critical legislation affect to the proposed upgrades. But for the fire extinguisher as per the fire code in NZ, it should check by authorized body twice a year. Further according to the Factories and Commercial Premises (First Aid) Regulations 1985, employer is liable to provide health services and first aid at the premises, To set the sufficient light level, NZS 6703:1984 Code of practice for interior lighting design listed light levels need to be used for both day and night lighting. The Building Act 1991 (approved Building Code document G7 Natural light and G8 Artificial light) will provide more guidance to the as per the standard in the NZ. Finally, employer should comply with the all requirements in the fire service NZ. 3.7 Funding options for proposed upgrades The proposed upgrades are not much cost therefore getting another bank loan is not worthy. However, Capital 50% - All interior modifications and part of outdoor activities upgrade by owner`s capital Silent partnership 25% - Silent partner who is willing to invest and partnership will close after paying the investment with relevant interest. This investment also directly uses for outdoor activities Investors 25%. This funding will get through neighboring hotel and neighboring residents. The outdoor enhancement can use for all surrounding people. References buness.govt.nz. (12, 02 2019). Guide to start a business . Retrieved from https://www.business.govt.nz/getting-started/taking-the-first-steps/10-step-guide-to-starting-a-business/ Chrisp, P., & England-Hall, S. (2018). Open. New Zealand: Hotel invesment in New Zealand. Hartman, L. W., & Cavanaugh, T. M. (2016). Capital Financing Options for Hospitals. Cedar Rapids, AI: Simmons Perrine Moyer Bergman. Tourisum properties.com . (2019, 02 13). Details . 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