An investor wishes to buy a 250-room hotel for $32,000 per key. The investors bank is willing
Question:
An investor wishes to buy a 250-room hotel for $32,000 per key. The investor’s bank is willing to lend an amount that would create a 60% loan to value (LTV)ratio loan.How much is the bank willing to lend the investor?
a. $4,800,000
b. $4,200,000
c. $3,600,000
d. $3,000,000
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The investor wishes to buy a 250 room hotel for 32000 per key This ...View the full answer
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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