Budget

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Full Service Hotel

OPERATING BUDGET

JAN

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

2001

2001

2001

2001

2001

2001

2001

2001

2001

2001

2001

2001

STATISTICS

TOTAL 

AVAILABLE ROOMS

2,697

2,436

2,697

2,610

2,697

2,610

2,697

2,697

2,610

2,697

2,610

2,697

31,755

OCCUPIED ROOMS

1,178

1,450

1,680

1,748

2,005

1,935

2,036

2,159

1,885

1,910

1,378

964

20,328

OCCUPANCY %

43.68%

59.52%

62.29%

66.97%

74.34%

74.14%

75.49%

80.05%

72.22%

70.82%

52.80%

35.74%

64.02%

AVERAGE DAILY RATE

$73.10

$78.28

$83.78

$87.03

$88.10

$84.78

$84.58

$81.92

$77.47

$80.21

$72.87

$73.10

$81.28

REVPAR

$31.93

$46.59

$52.19

$58.28

$65.50

$62.85

$63.85

$65.58

$55.95

$56.80

$38.47

$26.13

$52.03

REVENUE

ROOMS DEPARTMENT

86,114

113,502

140,750

152,120

176,650

164,050

172,205

176,865

146,025

153,200

100,410

70,470

1,652,361

FOOD DEPARTMENT

0

0

0

0

0

0

0

0

0

0

0

0

0

BEVERAGE DEPARTMENT

0

0

0

0

0

0

0

0

0

0

0

0

0

TELEPHONE DEPARTMENT

2,039

2,505

2,898

3,014

3,454

3,334

3,507

3,717

3,248

3,291

2,381

1,673

35,061

OTHER INCOME

1,591

1,531

1,593

1,635

1,746

1,727

1,941

1,728

1,672

1,621

1,445

1,331

19,561

TOTAL NET REVENUE

89,744

117,538

145,241

156,769

181,850

169,111

177,653

182,310

150,945

158,112

104,236

73,474

1,706,983

DIRECT DEPT EXP

ROOMS DEPARTMENT

25,244

26,501

30,514

30,300

33,332

32,097

33,470

34,320

31,624

32,226

26,862

23,719

360,209

FOOD DEPARTMENT

0

0

0

0

0

0

0

0

0

0

0

0

0

BEVERAGE DEPARTMENT

0

0

0

0

0

0

0

0

0

0

0

0

0

TELEPHONE DEPARTMENT

1,529

1,879

2,174

2,261

2,591

2,501

2,630

2,788

2,436

2,468

1,786

1,255

26,298

OTHER INCOME

0

0

0

0

0

0

0

0

0

0

0

0

0

TOTAL DIRECT DEPT EXP

26,773

28,380

32,688

32,561

35,923

34,598

36,100

37,108

34,060

34,694

28,648

24,974

386,507

TOTAL OPERATING DEPARTMENTS

62,971

89,158

112,553

124,208

145,927

134,513

141,553

145,202

116,885

123,418

75,588

48,500

1,320,476

UNALLOCATED EXPENSES

ADMIN & GENERAL

13,212

12,960

14,461

14,979

15,410

14,479

14,967

15,070

14,073

14,526

13,019

12,623

169,779

FRANCHISE FEES

8,435

10,968

13,488

14,541

16,809

15,644

16,398

16,830

13,976

14,640

9,756

6,988

158,473

ADV & BUSINESS PROMO

1,573

1,956

2,508

2,058

2,108

2,458

2,108

2,108

2,458

2,108

2,058

2,508

26,009

UTILITIES

5,625

7,352

9,067

9,783

11,329

10,535

11,049

11,342

9,399

9,851

6,526

4,639

106,497

MAINTENANCE & REPAIRS

4,281

3,945

4,131

4,820

5,131

4,819

4,532

5,131

4,820

4,131

4,069

4,632

54,442

TOTAL UNALLOCATED EXPENSES

33,126

37,181

43,655

46,181

50,787

47,935

49,054

50,481

44,726

45,256

35,428

31,390

515,200

INCOME BEFORE MGMT FEE

29,845

51,977

68,898

78,027

95,140

86,578

92,499

94,721

72,159

78,162

40,160

17,110

805,276