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Executive Summary
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Full Service Hotel
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AS OF AUGUST 31, 2002
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CURRENT MONTH
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YEAR TO DATE
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ACTUAL
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BUDGET
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VARIANCE
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ACTUAL
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BUDGET
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VARIANCE
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Occupancy %
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55.17%
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80.05%
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-24.88%
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52.17%
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67.13%
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77.05%
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Averade Daily Rate
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$90.69
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$81.92
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($8.77)
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$83.63
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$83.31
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($92.41)
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RevPAR
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$50.04
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$65.58
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($15.54)
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$43.63
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$55.92
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$59.18
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Revenue Per Occ Room (POR)
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$117.39
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$101.63
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$15.76
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$110.38
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$104.87
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$5.51
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Room Revenue
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134,949
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176,865
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(41,916)
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922,482
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1,182,256
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964,398
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Total Revenue
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174,676
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219,415
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(44,739)
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1,217,476
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1,488,261
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1,262,215
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NOI Before Debt Service
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36,529
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86,179
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(49,649)
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286,672
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546,997
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336,321
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NOI After Debt Service
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6,382
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56,508
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(50,126)
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3,475
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308,453
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53,601
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Rooms Payroll - POR
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Room Attendants
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$3.43
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$3.30
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($0.13)
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$3.91
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$3.31
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($4.04)
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Laundry
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$0.72
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$0.73
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$0.01
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$0.82
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$0.82
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($0.81)
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Guest Services
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$4.88
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$3.00
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($1.88)
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$5.42
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$3.58
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($7.30)
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Major Expense Variance - COR
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Admin & General
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$11.84
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$6.98
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($4.86)
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$11.16
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$8.14
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($16.02)
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Maintenance
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$9.57
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$2.38
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($7.20)
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$6.87
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$2.59
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($14.07)
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Utilities
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$7.75
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$5.25
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($2.50)
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$5.54
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$5.36
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($8.04)
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