Flamingo Hotel and Villas operates a 180-room hotel and conference facility at the local campus of Trinity University. The resort expects to maintain an average occupancy of 75% over the year. The rooms operating expenses (wages, supplies, laundry and so on) account for 20% of the total rooms' revenue. In addition, the resort other expenses which include administrative, marketing, utilities costs, repairs and maintenance and property taxes total $1,800,000. The owners expect a 15% after tax return on their investment of $25 million. The tax rate is 25%. The hotel operates a 40% double occupancy and management has decided that an $65 spread between the single and double room rates should be applied. The conference facility at Flamingo Hotel and Villas has a restaurant which accommodates 75 seats. Total annual revenue for next year is projected to be $750,000. The restaurant is open fifty-two weeks a year and is open for breakfast six days a week, for lunch six days a week and for Dinner seven days a week. Anticipated seat turnovers are as follows: breakfast 2.5, lunch 2 and dinner 3. Revenue is derived 20% from breakfast, 25% from lunch, and 55% from dinner. Complete the following tables $ The total annual revenue projected for restaurant $ The average cheque per breakfast meal period is $ The average cheque per lunch meal period is The average cheque per dinner meal period is The total number of single rooms occupied for the Flamingo Hotel is The total number of double rooms occupied for the Flamingo Hotel is The total revenue for the Flamingo Hotel $ The single room rate for the Flamingo Hotel is The double room rate for the Flamingo Hotel is Flamingo Hotel and Villas operates a 180-room hotel and conference facility at the local campus of Trinity University. The resort expects to maintain an average occupancy of 75% over the year. The rooms operating expenses (wages, supplies, laundry and so on) account for 20% of the total rooms' revenue. In addition, the resort other expenses which include administrative, marketing, utilities costs, repairs and maintenance and property taxes total $1,800,000. The owners expect a 15% after tax return on their investment of $25 million. The tax rate is 25%. The hotel operates a 40% double occupancy and management has decided that an $65 spread between the single and double room rates should be applied. The conference facility at Flamingo Hotel and Villas has a restaurant which accommodates 75 seats. Total annual revenue for next year is projected to be $750,000. The restaurant is open fifty-two weeks a year and is open for breakfast six days a week, for lunch six days a week and for Dinner seven days a week. Anticipated seat turnovers are as follows: breakfast 2.5, lunch 2 and dinner 3. Revenue is derived 20% from breakfast, 25% from lunch, and 55% from dinner. Complete the following tables $ The total annual revenue projected for restaurant $ The average cheque per breakfast meal period is $ The average cheque per lunch meal period is The average cheque per dinner meal period is The total number of single rooms occupied for the Flamingo Hotel is The total number of double rooms occupied for the Flamingo Hotel is The total revenue for the Flamingo Hotel $ The single room rate for the Flamingo Hotel is The double room rate for the Flamingo Hotel is
