Budget for Cityscape Hotel Total Budget $2,00,00,000 Breakdown Expected Percent of Total Project Cost Expected Price Hard
Fantastic news! We've Found the answer you've been seeking!
Question:
Budget for Cityscape Hotel | ||
Total Budget | $2,00,00,000 | |
Breakdown | Expected Percent of Total Project Cost | Expected Price |
Hard Cost (Material, Construction) | 55%-66% | $116,000,000 |
Land | 10%-21% | 36,000,000 |
Soft Costs (Non-construction costs) | 12% | $24,000,000 |
Furniture and Fixtures | 9% | $18,000,000 |
Opening Expenses | 3% | $6,000,000 |
Room Constuctuion cost | 30,000,000 | |
architecture & engineering fee | 5% | $10,000,000 |
design review fee | 2% | $4,000,000 |
project management fee | 3% | $6,000,000 |
development fee | 4% | $8,000,000 |
Create a ten-year forecast of net operating income that also needs to be put in the table as well as just include the number of rooms, number of occupied rooms nights, occupancy, average daily rate (ADR), revenue per available room (RevPAR) and revenue in rooms, food & beverage, rentals and other income.
include departmental expenses in these rooms, food & beverage, rentals, total operating department expense.
include gross operating profit, fixed charges.
From this data only available as well as in table form for each year with their (RevPAR) and revenue in rooms, food & beverage, rentals and other income.
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date: