JAMEL HOLIDAY VILLAGE

NUMBER OF ROOMS 150

TOTAL COST $5,000,000
LOAN $2,000,000
EQUITY $3,000,000
ANNUAL INTEREST 10.00%
R.O.I 20.00%
OCCUPANCY RATE 80.00%
TAX INCOME 40.00%
DIRECT EXPENSE PER ROOM 10
DOUBLE OCCUPANCY 35.00%
PRICE DIFFERENTIAL 15

ADDITIONAL EXPENSES

PROPERTY TAX EXPENSES $160,000

INSURANCE EXPENSES $50,000
DEPRECIATION EXPENSES $250,000
ADMINISTRATIVE & GENERAL EXPENSES $300,000
DATA PROCESSING EXPENSES $85,000
HUMAN RESOURCES EXPENSES $65,000
TRANSPORTATION EXPENSES $25,000
MARKETING EXPENSES $180,000
PROPERTY OPERATION & MAINTENANCE EXPENSES $200,000
ENERGY AND RELATED EXPENSES $250,000

ESTIMATED OTHER DEPARTMENTS INCOME

FOOD AND BEVERAGE DEPARTMENT $200,000

TELEPHONE DEPARTMENT ($35,000)
RENTALS AND OTHER DEPERTMENTS $125,000

REQUIRED AVERAGE ROOM RATE

DESIRED NET INCOME $600,000

PRE-TAX INCOME $1,000,000
INTEREST EXPENSE $200,000
INCOME NEEDED BEFORE INCOME AND INTEREST $1,200,000
ESTIMATED DEPRECIATION, PROPERTY TAX & INSURANCE $460,000
INCOME BEFORE FIXED CHARGES $1,660,000
UNDISTRIBUTED OPERATING EXPENSES $1,105,000
REQUIRED OPERATED DEPARTMENT INCOME $2,765,000
TOTAL DEPARTMENT INCOME (LOSSES) $290,000
ROOMS DEPARTMENT INCOME $2,475,000
ROOMS DEPARTMENT DIRECT EXPENSE $438,000
ROOMS REVENUE $2,913,000
NUMBER OF ROOMS SOLD 43,800
REQUIRED AVERAGE ROOM RATE $66.51

SINGLE RATE AND DOUBLE RATE

NUMBER OF DOUBLE ROOMS SOLD DAILY 42

NUMBER OF SINGLE ROOMS SOLD DAILY 78
SINGLE RATE $61.26
DOUBLE RATE $76.26