you need to submit a capital plan for your hotel. The owner of the hotel(me) has committed to investing an additional $4 million into the hotel on the condition that the management team submit a capital plan showing how the money will be invested. If your proposal is accepted and I approve your plan, I will make funds available to spend starting in January. $4,000,000 will be made available to you for capital investments, which is in addition to the $500,000(replacement reserve fund) you started the simulation with. CONDITIONS: I need a detailed list of your planned capital expenditures. The list must include which month you plan to start the capital projects. For example, standard rooms renovation commence February Year 1. I will only approve the amount for the value of planned capital expenditures. For example, if all of your projects add up to spend $2,500,000 million that is all the $$ you will get. For the rationale explaining your capital project, think about your vision for the hotel and how adding certain facilities and services will help you attract guests. Your capital expenditures must copy the options available to you in the refurbishment, facilities and services section of the simulation. The options and costs in the simulation are what should be used in your capital plan Your capital plan should maximize the $4 million available to you by showing expenses totaling $4million of more. You can present the listed capital items in a table and then write out a supporting rationale for each one. Your report will vary in length depending on how many items you want to invest in. Your proposal may be denied if there is insufficient information for ownership to make a decision.