Ivey Publishing
Sapphire Beach Hotel Limited
Product Number:
9A85B008
Publication Date:
01/01/1985
Revised Date:
01/23/2004
Length:
7 pages (5 pages of text)
Product Type:
Exercise
Source:
Ivey
The general manager of a financial services company is examining a request for a loan to finance the completion of a hotel on the ocean shore in Kenya. Projected costs and revenues for the first three years are presented. The manager is trying to assess the validity of these estimates and whether he should recommend the loan.
Learning Objective:
This case allows the student to appraise a new hotel from a banker's point of view. The hotel has applied for new financing totalling Kshs 12 million. The bank is concerned with establishing the feasibility of the hotel, and also the prospects for repayment of the loan by the hotel's owners.
Issues:
Disciplines:
Accounting,  International
Industries:
Accommodation & Food Services
Setting:
Kenya, Large, 1985
Intended Audience:
Undergraduate/MBA
Price:
$4.25 CAD / $4.25 USD Printed Copy
$3.75 CAD / $3.75 USD Permissions
$3.75 CAD / $3.75 USD Digital Download
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