You want to open an 88-room 4 star hotel and have to present your idea to investors. What do you expect the annual operating costs to be and how will you present your idea to investors? (see expected revenue table below)

Occupancy	# Occupied	Revenue
100%	88	$17,600.00
90%	79	$15,840.00
80%	70	$14,080.00
70%	62	$12,320.00
60%	53	$10,560.00
50%	44	$8,800.00
40%	35	$7,040.00
30%	26	$5,280.00
20%	18	$3,520.00
10%	9	$1,760.00
	(based on min. $200/night)

Answer rating: 100% (QA)

ANSWER Assuming that the hotel is already built the annual operating costs would be approximately 15 ... View the full answer