A hotel in Portugal has just spent the last year going through a massive renovation. Using the Rule of Thumb, answer the three following questions Given t Hotel has 986 Rooms Hotel cost $120.5 million in construction and labour "REMINDER, BE SURE TO SHOW ALL YOUR WORK 1. With the given information, calculate the ADR for each guest room? (2 Marks) 2. With the given information, what is the expected annual revenue? (2 Marks) 3. How many years before the owners will see an RO1? O Marks)