Small Hotel's Cash Mismanagement Leads to Sale After Trusting GM and Son with Financial Operations
💸 In 2014, Marlene bought an 84-room hotel, previously a dental practice owner, seeking a new venture. The hotel was sold three years ago at a high price. Wendell, the long-time GM, managed finances, while his son Donny joined in 2019 as a night auditor without thorough oversight. Daily cash handled ranged from $2,000 to $4,000, but lacked proper shift management, leading to potential issues in cash handling integrity.
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