ROI Anton Jackson knows tha the purchase of the cha information, hele what applying cap rates is a good way to estimate the value of a lodging property. He is cons fthree different properties. The financial information he has about them is presented below. help Peyton calculate the answers needed to make a good purchase decision. Property LaSalle Inn The Breakers Lodge The Waterford Last Year Sales ($) 1,541,250 3,117,500 2,700,000 Last Year Net Operating Income (NOI) ($) 373,450 623.750 541,200 Peston could pay $3,000,000 for it, what would be the cap rate for the LaSalle Inn, based upon the NO achieved last year? Net Operating Income Investment Amount Cap Rate % $3,000,000 If Peyton could pay $7,000,000 for it, what would be the cap rate for the Breakers Lodge, based upon the Nolit achieved last year? Net Operating Income Investment Amount Cap Rate % $7,000,000 Peyton could pay $6,000,000 for it, what would be the cap rate for the Waterford, based upon the NOT it achieved last year? $6,000,000 Net Operating Income Investment Amount Cap Rate Peyton is satisfied with a hotel purchase returning a 10.5% cap rate: At what price would he value the LaSalle Inn 10.5% Net Operating Income Investment Amount Cap Rate 488 Chapter 12 Capital Investment, Leasing, and Taxation At what price would he value the Breakers Lodge? Net Operating Income Investment Amount Cap Rate % 10.5% At what price would he value the Waterford? Net Operating Income Investment Amount Cap Rate % 10.5%