Students are required to develop questions that will determine the appropriate prices for hospitality products. The student will ensure that the prices determined and the forecasted revenues for the operations will be appropriate for the particular hospitality product. The student is specifically required to create a hotel to determine prices for different rooms, a restaurant with different meal prices for lunch and dinner and for bars to determine prices for cocktails. Create a 100 room hotel, with an initial investment of $2 million and return on investment of 17% and determine appropriate cost for the coming year. Determine average room rates and a 3 room mix. With a double rooms being 30% more than single and suites being $70 more than double rooms. Create a 75 seat restaurant with initial investment of $1.5 million and a return of investment of 19% and determine the appropriate cost for the coming year. Determine the average check for lunch and dinner, with the seat turnover for dinner being .75 and lunch being 2.4. Assume that you receive 40% income from lunch and 60% income from dinner. Create a cocktail for a bar, with at least 5 ingredients, determine the selling price for the cocktail, ensuring that the pour cost is 27%. This assignment is to be handed in on Friday April 16th 2021. Students are required to develop questions that will determine the appropriate prices for hospitality products. The student will ensure that the prices determined and the forecasted revenues for the operations will be appropriate for the particular hospitality product. The student is specifically required to create a hotel to determine prices for different rooms, a restaurant with different meal prices for lunch and dinner and for bars to determine prices for cocktails. Create a 100 room hotel, with an initial investment of $2 million and return on investment of 17% and determine appropriate cost for the coming year. Determine average room rates and a 3 room mix. With a double rooms being 30% more than single and suites being $70 more than double rooms. Create a 75 seat restaurant with initial investment of $1.5 million and a return of investment of 19% and determine the appropriate cost for the coming year. Determine the average check for lunch and dinner, with the seat turnover for dinner being .75 and lunch being 2.4. Assume that you receive 40% income from lunch and 60% income from dinner. Create a cocktail for a bar, with at least 5 ingredients, determine the selling price for the cocktail, ensuring that the pour cost is 27%. This assignment is to be handed in on Friday April 16th 2021