please need illustrationa for the above questions
NY HAY 1 1 4 4 48 Hi | L teasy a hlAt PROJECT: AGREE luxury mota et plus large 2 bedroom Ineluding approximately 450. of professional conference facilities and full kitchen AMENITIES: Luxury motel rooms, second only in quality to the surf and Sand Hotel after their major renovation, including fireplaces. Jacuzzi, cable t.v., in-closet saton. complimentary full breakfast, newspaper. etc.. electronic entry system. huge entrance lobby. 2 story underground parking with CCTV security, etc., ete. 04,66 E. Complete approvals, plans, working drawinys. ete. Ready to pull building permit within 45 days. LAND STATUS: ARCHITECT PROJECT COORDINATOR (MODEL AVAILABLE) MORRIS SKENDERIAN & ASSOCIATES 2094 S. Coast Righway Laguna Deach, CA 92651 (714) 497-3374 MARSHALL LICHTERMAN General Partner Laguna Gateway Inn Association 2172 Dupont Dr., Suite 12 Irvine, CA 92715 (714) 833-3220 PURCHASE PRICE $2.900,000.00 PRO-PORMA OPERATE EXPO Payroll and Employer Beit. Utilities 55.500 Property Tax Insurance $ 7.000 $ 3.000 5. $ 1.000 Equipment Leases Television. Telephone, Cable, Security, Etc. Supplies Maintenance 6. $ 3.000 7. $4.000 9. Management Promotion and Guest Amenities Reserves SU, 500 $ 4.000 S 5,000 10. $66.500 Ratimated Monthly expenses Estimated Monthly Mortgage Payment 4798000 Amorally Loan of $6,630,000 at 112 Interest Rate 25 Years Amortization = $84,981 Incone Need For Breakevens 131 401 Per Month $1,577, 720 Annually Including: 6 Front Desk Clerks 1 Manager 1 Director of Sales 2 Assistant Managers BtO 10 Maids 2 Maintenance Persons 20 to 22 Full Time Employees (Equivalent) *Assuming 117.83 A.D.R. With 695 Occupancy INCOME: ANALYSIS CRESCENT BAY INN Laguna Beach, California Average Occupancy: Summer (weekend) 65 rooms 44 days X 95% - 2 rooma (weekday) 65 rooms * 108 days * 85% = 5.967 rooma Winter (weekend) 65 room x 61 days x 752.974 rooms (weekday) 65 rooms x 152 days x 501 4.940 rooma (65 rooms * 365 days = total rooms available) 16,590 23,725 avall. Average Occupancy Average Daily Rate: Summer (weekend) 5150 X 44 days - 5 6,000 (weekday) 30 x 108 days = $ 14,040 Winter (weekend) $130 X 61 days 7.930 (weekday) 95 x 152 days - S 14,440 2a6roto 407,556 75.710 386,587.5 469,300 2,039, 1475 $ 43,010 365 days 117.83 Average Daily Rate = $ Loan of $6.630,000 111 125 yuar art.) Debt service - 5 1.4, 77,1 Summary: Income (gross) $1,961,411 Expenses Sub Debt $1,1634 $ 779,772 & 3.83.639 New Income FINANCIAL ANALYSIS tu $2,500,000 $4,100,000 $ 400,000 Land and approved package Construction Cost (approx) F.F. & E. (Est) Financing Charge (points, interest 3 months reserve after construction) Agency Permits & Feest Utility Fees Reserves for Start Up & Contingencies $ 550,000 130,000 $ 250,000 Total Estimated cost *7,570,000 How did they estimate demand? Did they over estimate NOI? If yes, where? Do you think the financial A nalysis is sufficient? Is the return appropriate
