Problem 1: A 335 room hotel property recorded in 2013 a 66.6% occupancy and an ADR of $117.98. What is the property's franchise fee 1) on a per available room basis and 2) as a percentage of rooms revenue if the agreement required the hotel to pay a reservation fee of $7.65 per available room per month ; a royalty fee of 5% of rooms revenue ; an advertising fee of 2.3% of rooms revenue and a frequent traveler program fee of $5.00 per occupied room. The hotel had frequent stay guest totaling 6% of the occupied rooms. The inital fee is a minimum of $45000 plus $300 per room for each room over 150 ?