6. Dee Hardy is a hotelier who operates 10 select-service hotels located near interstate highway exits in the Southeastern United States. She operates her properties under several franchise brands and she is now considering purchasing a property advertised for sale by a hotel broker with whom she has done business in the past. The broker e-mailed Dee the following information summary developed for use in advertising a property that has just been listed for sale: Dee is putting some quick numbers together to help her determine if this is a property in which she may have an interest. Complete the information form Dee has started and then answer the questions that follow $15,000,000 108 365 7596 $8,212.50 $1,434.750 Proposed selling price Number of Units Proposed Price per key Last Year Operating Days Last Year Occupancy Rate Last Year NOI per Unit Last Year Total Revenue Last Year Rooms Sold Last Year ADR Last Year NOI Last Year NOI Estimated actual value Replacement Approach @ $145,000 per unit Revenue Approach 3.0 times total revenue Revenue Approach 25 times total revenue Cap Rate at proposed selling price Property value at 99 Cap Rate target 2