Question: Mr . Smith wants to retire from self - operating his 2 3 0 room Hospitality House Hotel. He is considering contracting a management company

.

Smith wants to retire from self

-

operating his

230

room Hospitality House Hotel. He is considering contracting a management company to operate his hotel for him. He projects the following sales and profits for the next

3

years.

\

table

[[

Room Sales.,Year

1,

Year

2], [

3, 500, 000,

3, 750, 000,

3, 950, 000

Mr. Smith wants to retire from self-operating his 230 room Hospitality

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