Problem
While Kimpton's chef partners use their culinary talents to build the restaurant side of the business, its hotel experts focus on delivering personalized customer service, which requires a knowledgeable, dedicated workforce. Kimpton grooms future managers through a formal training program and matches promising employees with experienced mentors to further develop their skills. Based on its many employee development and motivation programs, it has twice been named to the Fortune magazine list of "Best Companies to Work For." The company has also made environmental protection one of its top priorities. Following its Kimpton EarthCare plan, it has installed water-conservation systems in its hotels, expanded its recycling programs, and invested in energy-efficient equipment to save power. Going further, Kimpton works with the Nature Conservancy and the Trust for Public Land to raise money for environmental projects. The company isn't finished growing-watch for more boutique hotels and restaurants to open in the coming years.
Questions
1. Do you think Kimpton should switch from the LLC form of ownership to an open corporation to be able to raise money by selling shares of stock? Explain your answer
2. Kimpton sometimes buys individual hotels from other companies, renovates them, and reopens them under a new name. Why would Kimpton do this rather than grow through a merger with a larger, more recognized hotel?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.