Sheraton Hotel Redding At Sundial Bridge - Redding Record ...

FIGURE 10-2 COMPARABLE OPERATING STATEMENTS: AMOUNTS PER AVAILABLE ROOM
Comp 1 Comp 2 Comp 3 Comp 4 Comp 5 Subject
Stabilized $
Year: 2008 2007 2007 2005/06 2005/06 2009
Number of Rooms: 180 to 230 140 to 190 310 to 390 200 to 260 230 to 290 130
Days Open: 366 365 365 365 365 365
Occupancy: 75% 78% 86% 72% 76% 75%
Average Rate: $134 $101 $177 $122 $119 $128
RevPAR: $100 $79 $152 $88 $90 $96
REVENUE
Rooms $36,768 $28,665 $55,479 $32,223 $33,019 $35,164
Food 22,153 4,933 11,727 6,930 8,219 10,638
Beverage 2,458 707 1,687 1,607 1,004 1,808
Other Operated Departments 512 91 249 236 192 105
Other Income 1,246 622 3,862 825 1,731 1,055
Total
DEPARTMENTAL EXPENSES
63,138 35,018 73,003 41,821 44,165 48,770
Rooms 6,956 8,671 11,277 7,266 8,088 7,384
Food & Beverage 13,128 4,963 9,436 6,406 6,312 9,086
Other Operated Departments 355 140 734 214 358 158
Other Expenses 399 396 1,262 419 696 506
Total 20,837 14,171 22,708 14,306 15,454 17,135
DEPARTMENTAL INCOME
OPERATING EXPENSES
42,300 20,848 50,295 27,515 28,712 31,636
Administrative & General 4,581 2,951 4,991 4,437 4,015 3,886
Marketing 4,680 2,067 2,870 3,742 4,462 1,738
Franchise Fee 3,867 2,415 5,094 1,878 1,612 2,813
Property Operations & Maintenance 2,108 1,549 2,573 1,913 2,038 1,892
Utilities 2,557 1,701 1,455 1,926 2,192 1,853
Total 17,793 10,683 16,984 13,895 14,319 12,182
HOUSE PROFIT 24,507 10,165 33,311 13,620 14,393 19,453
February-2011 Income Capitalization Approach
Sheraton Hotel Redding At Sundial Bridge – Redding, California 72