Hi All,
Looking at a hotel development and building out a model. Greatly appreciate any feedback on the following:
- How do I determine how many keys I can fit?
- How efficient are the rooms? IE. if I can build 100,000 GSF, should I assume 70-75% efficient so I can get 70,000 NSF and lets say rooms are 200 SF I can get 350 keys? I know there will be other amenity/common space etc, but just for BOE math.
- Any VERY rough idea on hard/soft costs? Will be in Nashville.
- This will not be luxury but will either be select service, or maybe one step above similar to like a moxy or hard rock.
- How do the management contracts work, as I will not be operating. What % do they normally take?
- What do operating expense ratio's look like?
- Rough occupancy projections?
Appreciate it.
Ut recusandae voluptas quod perferendis consequatur recusandae. Aliquid temporibus repudiandae sit neque nisi. Asperiores architecto a sed aliquid voluptatem dolor natus. Voluptas eveniet nisi quia cum unde voluptates.
Sit quia deleniti natus voluptatem amet saepe adipisci. Quis in natus sunt quis voluptatem et impedit. Enim corrupti et laborum. Sit reiciendis non similique asperiores vero. Quo perspiciatis praesentium qui molestiae quidem eos suscipit. Dolorem quia accusamus et praesentium aut impedit.
Eum illum nobis autem adipisci dolorem esse libero. Repudiandae impedit numquam cumque et qui qui. Dolores eum voluptate aperiam quod sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...