YTD = Jan. + Feb.

Budget 2013 Emily's hotel Hong Kong

YTD 2013 HKD Budget YTD 2013 HKD

REVENUE
Rooms 16,982,460 18,000,000
Food and Beverage 2,000,000 2,250,000
Total Revenue 18,982,460 20,250,000

DEPARTMENTAL EXPENSES
Rooms 7,300,000 7,500,000
Food and Beverage 1,200,000 1,305,000
Total Departmental Expenses 8,500,000 8,805,000

TOTAL DEPARTMENTAL INCOME 10,482,460 11,445,000

UNDISTRIBUTED OPERATING EXPENSES

Administrative and General 1,700,000 1,753,973
Sales and Marketing 1,518,597 2,000,000
Property Operation and Maintenance 1,500,000 1,250,000
Utilities 569,474 750,000
Total Undistributed Expenses 5,288,071 5,753,973

GROSS OPERATING PROFIT 5,194,389 5,691,027

Management fees 607,500 607,500

INCOME BEFORE FIXED CHARGES 4,586,889 5,083,527

FIXED CHARGES
Rent 1,533,333 1,533,333
Property and Other Taxes 150,000 150,000
Depreciation 1,000,000 1,000,000
Insurance 666,667 666,667
Total Fixed Charges 3,350,000 3,350,000

NET OPERATING INCOME 1,236,889 1,733,527

Emily's Hotel Hong Kong #460 Forecast March 2013
ADR's en Rev. In HKD
Today: March 1st

March '13 Transient Group

business on the books
number of rooms 1,400 1,600
ADR 800 895
Revenu 1,120,000 1,432,000

Last year same date

number of rooms 1,000 1,800
ADR 850 890
Revenu 850,000 1,602,000

Budget
number of rooms 10,000 1,800
ADR 935 902
Revenu 9,350,000 1,623,600

Actual March '12

number of rooms 9,612 2,000
ADR 930 900
Revenu 8,938,536 1,800,000
 Budget 2013 YTD 2013 (59 nights)
Budget total 2019 HKD OCC% 88% 79.20%
ADR 905.00 790.07
133,715,560 RevPAR 796.40 625.74
16,625,000
150,340,560

53,486,224
9,642,500
63,128,724

87,211,836

10,523,839
12,027,245
7,517,028
4,510,217
34,578,329

52,633,507 35%
28%
4,510,217 27%

48,123,290

9,200,000
900,000
6,000,000
4,000,000
20,100,000

28,023,290
Contract total

975 3,000
850 851
828,750 2,552,000

980 2,800
850 876
833,000 2,452,000

975 12,834
921 925
897,850 11,871,450

980 12,592
850 919
833,000 11,571,536