Reference no: EM133094069
The RCB Inn, a 30-room motel, is projected to cost $800,000 inclusive of land, building, equipment, furniture, and working capital. The hotel is financed with a loan of $400,000 at 10% annual interest, with the owners providing cash of $400,000. The owners require a 15% annual return from their investment. Occupancy percentage is estimated at 80%. The income tax rate is 25%. The motel will operate 365 days per year.
In addition, further expenses are estimated as follows: non-operating expenses ($200,000), undistributed operating expenses ($280,000). Total departmental income (excluding rooms) is projected to be $30,000. Finally, variable cost per room is estimated at $7. Using the Hubbart Formula, answer the following questions:
What is the projected ADR for Day's Hotel?
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