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

More documents

Recommendations

Info

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
The Westin Denver International AirportStatement of Estimated Annual Operating ResultsOther Operated Departments ExpenseRatio to O.O.D. Rev.In-Terminal HotelsHotel A 38.9%Hotel B 74.4%Hotel C 194.1%Hotel D 49.4%Hotel E 67.2%Hotel F 32.8%Westin HotelsHotel G 73.2%Hotel H 78.3%Hotel I 108.3%Hotel J 96.2%Hotel K 77.0%Weighted Average 67.5%Subject Stabilized Year 80.0%Based on our projections of departmental revenue in this department, we estimateother operated departments expense to be 80.0 percent of departmental revenuefor a stabilized year of operation. Our estimate falls within the range indicated bythe comparable hotels.d. Rentals and Other IncomeRentals and other income primarily include revenue from space rental,commissions, attrition and cancellation fees, and miscellaneous income. Presentedin the following table are the historical rentals and other income of the comparablehotels.V-13
Page 2 and 3:
September 18, 2012Mr. Patrick HeckD
Page 4 and 5:
The Westin Denver International Air
Page 6 and 7:
Page 8 and 9:
SECTION IEXECUTIVE SUMMARY
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
SECTION IIIPROPERTY DESCRIPTION
Page 34 and 35:
The Westin Denver International Hot
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75: The Westin Denver International Air
Page 112 and 113: SECTION VSTATEMENT OF ESTIMATED ANN
Page 142 and 143: ADDENDA
Page 144 and 145: ADDENDUM ACERTIFICATION OF THE CONS
Page 146 and 147: PKF Consulting appreciates the oppo
Page 148 and 149: STATEMENT OF ASSUMPTIONS AND LIMITI
Page 150 and 151: ADDENDUM CQUALIFICATIONS OF THE CON
Page 152 and 153: QUALIFICATIONS OFCHRISTOPHER A. KRA
Page 154 and 155: QUALIFICATIONS OFCATHERINE E. BOLST
Page 156 and 157: Appraisal for the Yountville Inn lo
Page 158 and 159: Sent via email to: patrick.heck@fly
Page 160 and 161: Mr. Patrick HeckJune 14, 2012Housto
Page 162 and 163: Mr. Patrick HeckJune 14, 2012In ord
Page 164 and 165: Mr. Patrick HeckJune 14, 20127. Mar
Page 167 and 168: ADDENDUM ESENSITIVITY ANALYSIS
show all

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

Create successful ePaper yourself

Delete template?

Save as template?