Do a 5 Year Valuation with 100% capacity (0% Vacancy), Case #1 Pension Funds Name Empire Hotel
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Do a 5 Year Valuation with 100% capacity (0% Vacancy),
Case #1 Pension Funds | |
Name | Empire Hotel |
Location | Rochester, NY |
Acquisition Year | 1994 |
Year of Construction | 1969 |
Cost | $ 9,800,000.00 |
Occupancy | 60% |
Capitalization Rate | 10%-12% |
Rooms | 364 |
Average Rate | $72 |
Rooms * Average Rate | $26,208 |
Performace in $1000's | |
Revenues | |
Rooms | $ 5,739.00 |
Food & Beverage | $ 3,900.00 |
Other | $ 361.00 |
Total Revenues | $ 10,000.00 |
+ | |
Departmental Exoenses | |
Rooms | $ (1,386.00) |
Food & Beverage | $ (2,925.00) |
Other | $ (267.00) |
Total Departmental Exoenses | $ (4,578.00) |
Total Revenues | $ 5,422.00 |
House Expenses | |
Administration | $ (790.00) |
Base Management Fee | $ (301.00) |
Advertising/Promotion | $ (690.00) |
Repairs/Maintenance | $ (522.00) |
Heat/Light/Power | $ (472.00) |
Total Other House Expenses | $ (2,775.00) |
Gross Operating Profit | $ 2,647.00 |
Other Cash Expenditures | |
Real Estate Taxes | $ (569.00) |
Insurance | $ (307.00) |
Reserves for furniture, fixtures, and equipment | $ (659.00) |
Total Other Cash Expenditures | $ (1,535.00) |
Net Cash from Operations before Debt Service | $ 1,112.00 |
Related Book For
Financial and Managerial Accounting Information for Decisions
ISBN: 978-1259347641
5th edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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