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Using the following information for the Blue Moon hotel: Open 365 days Rooms 400 328 ADR $ 157.00 $ 51,496.00 Occupancy 82% $ 18,796,040.00 Revenue

Using the following information for the Blue Moon hotel:

Open 365 days
Rooms 400 328
ADR $ 157.00 $ 51,496.00
Occupancy 82% $ 18,796,040.00
Revenue Ratio to sales Revenue
Rooms 65.50% Room Rev $ 18,796,040.00
Food 15.90% $ 4,562,702.84
Beverage 4.00% $ 1,147,849.77
Other food & beverage 8.50% $ 2,439,180.76
Miscellaneous income 6.10% $ 1,750,470.90
Total revenue 100.00% $ 28,696,244.27
Departmental expenses Fixed Variable
Rooms 38.60% 80% 20% $ 7,255,271.44
Food & beverage 89.60% 80% 20%
Total department expenses 50.73%
Departmental profits
Rooms 61.40% $ 11,540,768.56
Food & beverage 10.40%
Total departmental profit 49.27%
Undistributed operating expenses Fixed Variable
Administrative & general 7.70% 90% 10%
Information and telecommunication sytems 1.40% 100% 0%
Marketing (excluding franchise) 5.30% 60% 40%
Franchise fees 0.10% 0% 100%
Utility costs 2.10% 90% 10%
Property operation & maintenance 4.30% 90% 10%
Total undistributed operating expenses 20.90%
Gross operating profit 28.37% Fixed Variable
Base management fees 3.10% 0% 100%
Incentive management fees 1.80% 0% 100%
Income before fixed charges 23.47%
Fixed charges Fixed Variable
Property taxes 5.50% 100% 0%
Insurance 0.50% 100% 0%
EBITDA 17.47%
Additional information Fixed Variable
Depreciation and amortization (year) $ 625,000 100% 0%
Interest (per year) $ 220,000 100% 0%
Income taxes 21%

Compute the weighted average CMR for Blue Moon Hotel.

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