PKF Hotel Market Demand and Financial Analysis - DIA Business ...

The Westin Denver International AirportStatement of Estimated Annual Operating ResultsOther Operated Departments RevenuePer Occupied RoomIn-Terminal HotelsHotel A $7.10Hotel B 7.05Hotel C 1.45Hotel D 1.48Hotel E 6.04Hotel F 9.25Westin HotelsHotel G $10.07Hotel H 8.91Hotel I 4.27Hotel J 12.99Hotel K 8.39Weighted Average 7.02Subject Stabilized Year $3.00The comparable hotels indicated a range in other operated departments revenue ofbetween $1.45 and $12.99 POR, with an average of $7.02. Focusing primarily onthe performance of the in-terminal hotels, we estimate other operated departmentsrevenue at the proposed Subject to be $3.00 POR for a stabilized year of operation.This equates to projected revenues of $461,000 for the Subject’s first full year ofoperation (2016).Other operated departments expense primarily includes expenses associatedwith other operated departments revenues. Presented in the following table are thehistorical other operated departments expenses of the comparable hotels.V-12