Reference no: EM132241214
Problems:
Total operating costs of the property $13,100,000
Desired return of investment (ROI) $10,000,000
Income from other departments $6,250,000
Projected number of room nights at 65% occupancy 136,150
What is the average room rate?
Total operating costs of the property $4,017,236
Desired return of investment $1,500,000
Income from other departments $150,000
Projected number of room nights 47,680
What is the average room rate?
Cost of land $20,000,000
Cost of building $40,000,000
Cost of hotel’s FF&E $15,000,000
Number of rooms at hotel 575
What should the average room rate be?
Cost of land $15,000,000
Cost of building $30,000,000
Cost of hotel’s FF&E $10,000,000
Number of rooms at hotel 500
What should the average room rate be?