1. What is the management fee (1) on a per available room basis and (2) as a percentage of total revenue for a 255-room hotel located in California that had an occupancy level of 62%, ADR of $84.53, a room revenue to total revenue % of 56.4%, and a gross operating profit % of 24.8%? The management fee agreement stipulated that the company would receive 3% of gross revenue, and 10% of gross operating profit.

               Please calculate annual room revenue (round to two decimal places) $ ___

2. Please use the information from Question 10 to calculate the Annual total revenue.

              Annual total revenue (round to two decimal places) $ ___

3. Please use the information from Question 10 to calculate the GOP.

               GOP (round to two decimal places) $ ____

4.Please use the information from Question 10 to calculate the Mgmt fee base fee.

               Mgmt fee base fee (round to two decimal places) $ ___

5. Please use the information from Question 10 to calculate the Mgmt fee incentive fee.

           Mgmt fee incentive fee (round to two decimal places) $ ___

Answer rating: 100% (QA)

1 To calculate the annual room revenue Occupancy rate 62 062 Average Daily Rate A... View the full answer