Question: Chapter 12 , Question 2 Last Year Net Last Year Operating Income Property Sales ( NOI ) LaSalle Inn $1, 541 , 250 $373, 450

Chapter 12 , Question 2 Last Year Net Last Year Operating Income Property Sales ( NOI ) LaSalle Inn $1, 541 , 250 $373, 450 The Breakers Lodge $3 , 117, 500 $623, 750 The Waterford $2, 700, 000 $541, 200 a . If Michelle paid $3 ,000 , 000 for it , what would be the cap rate for the Lasalle Inn , based upon the NOI it achieved last year ? Net Operating Income Investment Amount Cap Rate 9/0 Do. If Michelle paid $ 7, 000 , 000 for it , what would be the cap rate for the Breakers Lodge , based upon the NOI it achieved last year ?! Net Operating Income* Investment Amount Cap Rate 9/0 C. If Michelle paid $6 , 000 , 000 for it , what would be the cap rate for the Waterford , based upon the NOI it achieved last year ?! Net Operating Income* Investment Amount Cap Rate 9/0 J . If Michele is satisfied with a hotel purchase returning a 10.5% cap rate " At what price would she value the Lasalle Inn ?" \\Net Operating Income* Chapter 12 Q 2

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