Please fill in the red boxes to complete the valuation P.277 Option 2 - Existing Hotel Moutain Lodge Average Daily Rate: 550 Year 2 Year 4 Year 112 30% 112 Year 3 112 60% 112 Year 5 112 75% 70% 12264 555 $60 $65 $70 $75 Item Available Rooms 2 Occupancy 3 Occupied Rom-nights 4 Average Daily Room Rate(ADR) 5 Revenues 6 Total Departmental Expenses 7 Departmental Profit 8 Total Non-Departmental Expenses 10 Gross Operating Profit 10 Total Fixed Expenses 10 Net Operating Income $331.128 S478,296 $600,936 $689,850 $674.520 $202,356 $472.164 $202,356 $269. SON 567.452 5202.156 S111.128 $478,296 S600,936 $689,850 S110,376 S159,432 $200,312 $229,950 10 10 Market Cap Rate 10 Estimated Resale Value 10% $2,023.560