Chapter 12 , Question 6 Proposed selling price 15, 000. 000 Number of Units 108 Proposed Price per Key Last Year Operating Days 365\\ Last Year Occupancy Rate Last Year NOI per Unit $ 8. 212.50 Last Year Total Revenue 4. 434. 750 Last Year Rooms Sold Last Year ADR Last Year NOI Last Year NO1 90 Estimated actual value Replacement Approach @ $145, 000 per unit Revenue Approach @ 3. 0 times total revenue Revenue Approach @ 2.5 times total revenue Cap Rate at proposed selling price Property value at 9% Cap Rate target a . What was the hotel's ADR for the trailing 12 - month period ? Answer : Do . What was the hotel's NOI for the trailing 12 - month period . Answer :` C. Assume that Dee can construct a new hotel in the same area for $ 145 , 000 per room . Is the hotel being offered for sale at a price below its replacement costs ? Answer ! d. Assume Dee is interested only in properties that can give her a reasonable* hotel ?" chance at achieving a 9% cap rate . At what price should she offer to buy the Answer :" e . In addition to purchase price , what additional factors should Dee consider if she is interested in purchasing this property ? Answer :"