Page 28 - Zaza Flipbook
P. 28
OPERATING PROJECTIONS OPERATING PROJECTIONS NA SHVILLE
Nashville Yards Nashville Yards
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CBRE BENCHMARKER* Year Ended Year Ended Property Year Ended Year Ended Property CBRE BENCHMARKER* Year Ended Y Year Ended Property y Year E Year Endedperty Y Year Ended Property y Y Year Ended Property y Y Year Ended Property y Y Year Ended Property y Year Ended Property Year Ended Property Year Ended Property Year Ended Property
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December 31,
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Nashville Yards December 31, December 31, December 31, Nashville Yards D December 31, , D December 31, , December 31, , D December 31, , D December 31, , December 31, , D December 31, , December 31, December 31, December 31, December 31,
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2019 2025 2026 2027 2 2019 8 2 2025 9 2 2026 0 2 2027 1 2 2028 2 2 2029 3 2 2030 4 2031 2032 2033 2034
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Keys 248 250 250 Keys 250 2 248 0 2 250 0 2 250 0 2 250 0 2 250 0 250 0 2 250 0 250 250 250 250
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Days 365 365 365 Days 365 3 365 6 3 365 5 365 5 3 365 5 3 366 6 3 365 5 3 365 5 365 366 365 365
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Available Rooms 90,520 91,250 91,250 Available Rooms50 90,520 0 91,250 0 91,250 0 9 91,250 0 91,500 0 91,250 0 91,250 0 91,250 91,500 91,250 91
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Occ % 74.4% 60.0% 68% Occ % 75% 74.4% % 60.0% % 7 68% 7 75% % 7 75% % 75% 7 75% % 75% 75% 75% 75%
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Rooms Sold 67,347 54,750 61,594 Rooms Sold68,438 6 67,347 5 54,750 8 61,594 8 68,438 8 68,625 5 68,438 8 68,438 8 68,438 68,625 68,438 68,43
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ADR $ 264.05 $ 325.00 $ 338.00 ADR$ 351.52 $ 3 264.05 8 $ $ 3 325.00 5 $ $ 3 338.00 4 $ 3 351.52 8 $ $ 4 365.58 6 $ $ 4 376.55 1 $ $ 4 387.84 2 $ 399.48 $ 411.46 $ 423.81 $
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RevPAR $ 196.45 $ 195.00 $ 228.15 RevPAR 263.64 $ $ 2 196.45 9 $ $ 2 195.00 1 $ $ 2 228.15 8 $ 2 263.64 1 $ $ 3 274.19 0 $ $ 3 282.41 6 $ 3 290.88 9 $ 299.61 $ 308.60 $ 317.86 $
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Amount % PAR POR Amount % PAR POR Amount % PAR POR Amount % PAR POR A Amount % % PA R P POR A Amount % % PA R P POR A Amount % % PAR R P POR Amount % % PA R P POR A Amount % % PA R P POR A Amount % % PAR R P POR Amount % % PA R P POR Amount % PAR POR Amount % PAR POR Amount % PAR POR Amount % PAR POR
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Revenue Revenue
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Rooms 17,782,886 71.1% 71,705 264.05 17,793,750 62.4% 71,175 325.00 20,818,688 58.1% 83,275 338.00 Rooms 24,057,150 55.4% 96,229 351.52 2 17,782,886 2 71.1% 00,352 3 264.05 17,793,750 9 5 62.4% 03,080 3 325.00 20,818,688 0 5 58.1%
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Food & Beverage 5,903,523 23.6% 23,805 87.66 8,513,625 29.9% 34,055 155.50 12,503,531 34.9% 50,014 203.00 Food & Beverage 8 38.0% 65,974 241.00 6 5,903,523 8 23.6% 67,856 4 87.66 1 8,513,625 6 3 29.9% 69,775 2 155.50 12,503,531 6 3 34.9%
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Other Operated Depts 877,207 3.5% 3,537 13.03 1,916,250 6.7% 7,665 35.00 2,220,455 6.2% 8,882 36.05 Other Operated Depts5.8% 10,165 37.13 6 , 877,207 4 3.5% 0,498 3 13.03 1,916,250 5 5 6.7% 0,784 3 35.00
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Miscellaneous 463,591 1.9% 1,869 6.88 273,750 1.0% 1,095 5.00 317,208 0.9% 1,269 5.15 Miscellaneous27 0.8% 1,452 5.30 3 463,591 2 1.9% 1,500 5 6.88 273,750 5 0 1.0% 1,541
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100.0% 214,107
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100.0% 190,628
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100.0% 196,240
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100.0% 202,376
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Total Revenue 25,027,207 100.0% 100,916 371.62 28,497,375 100.0% 113,990 520.50 35,859,881 100.0% 143,440 582.20 Total Revenue,801 100.0% 173,819 634.96 4 25,027,207 100.0% 100,916 371.62 28,497,375 100.0% 113,990 520.50 35,859,881 100.0% 143,440 582.
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100.0% 185,179
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Deptartmental Expenses Deptartmental Expenses
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Rooms 3,957,740 22.3% 15,959 58.77 4,626,375 26.0% 18,506 84.50 4,996,485 24.0% 19,986 81.12 Rooms 5,292,573 22.0% 21,170 77.33 3,957,740 6 2 22.3% 22,077 8 58.77 4,626,375 4 2 26.0% 22,678 8 84.50
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Food & Beverage 3,807,858 64.5% 15,354 56.54 5,959,538 70.0% 23,838 108.85 8,439,884 67.5% 33,760 137.03 Food & Beverage 4 65.0% 42,883 156.65 1 3,807,858 2 6 64.5% 44,106 6 56.54 1 5,959,538 9 6 70.0% 45,354 1 108.85 1 8,439,884 2 6 67
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Other Operated Depts 520,591 59.3% 2,099 7.73 1,149,750 60.0% 4,599 21.00 1,332,273 60.0% 5,329 21.63 Other Operated Depts0.0% 6,099 22.28 1 , 520,591 6 59.3% 6,299 2 7.73 1,149,750 7 6 60.0% 6,470 2 21.
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Total Deptartmental Expenses 8,286,189 33.1% 33,412 123.04 11,735,663 41.2% 46,943 214.35 14,768,641 41.2% 59,075 239.78 Total Deptartmental Expenses 70,152 256.26 1 8,286,189 4 33.1% 72,483 2 123.04 11,735,663 0 4 41.2% 74,502 2 214.35 14,768,641 3 4 41.2%
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Total Departmental Profit 16,741,018 66.9% 67,504 248.58 16,761,713 58.8% 67,047 306.15 21,091,240 58.8% 84,365 342.43 Total Departmental Profit6% 103,667 378.69 2 16,741,018 1 5 66.9% 07,723 3 248.58 16,761,713 5 5 58.8% 10,678 4 306.15 21,091,240 6 5 58.8%
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Undistributed Oper. Expenses Undistributed Oper. Expenses
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Admin. & Gen. 1,524,879 6.1% 6,149 22.64 1,500,000 5.3% 6,000 27.40 1,545,000 4.3% 6,180 25.08 Admin. & Gen.0 1,591,35 3.7% 6,365 23.25 1 1,524,879 1 6.1% 6,556 2 22.64 1,500,000 3 3 5.3% 6,753 2 27
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Credit Card Commissions 696,940 2.8% 2,810 10.35 854,921 3.0% 3,420 15.62 1,075,796 3.0% 4,303 17.47 Credit Card Commissions% 5,215 19.05 3 , 696,940 5 3 2.8% 5,406 1 10.35 1 , 854,921 4 3 3.0% 5,555 2
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0
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Info. & Telecomm. Systems 409,039 1.6% 1,649 6.07 500,000 1.8% 2,000 9.13 515,000 1.4% 2,060 8.36 Info. & Telecomm. Systems 2,122 7.75 409,039 4 1.6% 2,185 7 6.07 500,000 4 1 1.8% 2,251
0
5
8
.
5
4
2,122
7
5
2
6
4
8
3
2,185
,
7
9
1
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9
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6
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.
2,319
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2
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.
7,851
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7,622
,
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2
.
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0
.
%
1
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%
8,086
%
8
3
Marketing / Franchise Fees 2,493,512 10.0% 10,054 37.02 1,850,000 6.5% 7,400 33.79 1,905,500 5.3% 7,622 30.94 Marketing / Franchise Fees 7,851 28.68 2 2,493,512 5 10.0% 10,054 37.02 1,850,000 1 4 6.5% 8,329
0
,
2
.
6
,
2
6
4
.
2
1
1
4
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2
0
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.
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2
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%
3
,
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8,329
7,400
.
3
,
%
5
5
2
5
.
8,579
4
4
,
6
5
,
6
0
.
5
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3
0
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%
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0
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%
%
3
5
5
,
7
1
4
%
6
5
3
4
5
6
5
6
2,546
Utility Costs 547,090 2.2% 2,206 8.12 600,000 2.1% 2,400 10.96 618,000 1.7% 2,472 10.03 Utility Costs,540 1.5% 2,546 9.30 547,090 6 2.2% 2,623 9 8.12 600,000 5 1 2.1% 2,701 1
2,472
3
9
1
%
2,782
5
2,623
6
2
2,206
%
6
.
2,701
,
,
6
1
.
7
3
2,400
7
.
.
8
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5
9
.
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5
0
7
,
.
.
7
5
1
,
4
4,244
,
3
0
1
2
.
3,455
%
4
6
1
7
2
,
0
2
%
4
,
0
,
6
4,502
7
2
9
6
2
%
5
5
.
1
1
9
9
.
0
2
9
.
,
,
8
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1
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9
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9
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%
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1
6
4
,
4,000
7
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7
4
4,637
.
%
5
5
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4
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9
0
2
.
4
,
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1
.
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7
2
.
9
.
%
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0
4,371
,
Property Oper. & Maint. 856,927 3.4% 3,455 12.72 1,000,000 3.5% 4,000 18.26 1,030,000 2.9% 4,120 16.72 Property Oper. & Maint.4% 4,244 15.50 0 , 856,927 7 2 3.4% 4,371 1 12.72 1,000,000 9 2 3.5% 4,502 1 18.
,
%
.
4
.
.
4
,
.
2
4,120
0
,
.
Total Undistributed Oper. Expenses 6,528,387 26.1% 26,324 96.94 6,304,921 22.1% 25,220 115.16 6,689,296 18.7% 26,757 108.60 Total Undistributed Oper. Expenses8,342 103.53 7 6,528,387 7 26.1% 29,228 0 96.94 6,304,921 7 1 22.1% 30,091 1 115.16 6,689,296
2
30,991
%
3
7
30,091
%
.
1
1
4
,
,
9
8
%
2
5
%
2
1
.
0
,
2
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0
.
.
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6
6
3
6
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,
25,220
%
8
6
6
2
26,324
5
7
7
0
3
2
3
5
6
%
9
2
7
8
5
4
7
4
29,228
,
3
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1
1
26,757
0
2
0
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.
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28,342
.
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7
7
6
6
%
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7
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7
.
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2
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9
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5
57,608
9
2
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9
6
3
,
%
0
.
5
.
3
1
0
80,586
,
,
8
%
1
,
9
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2
5
75,325
3
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1
0
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4
2
5
78,496
,
,
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,
.
0
1
0
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0
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0
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,
4
41,827
4
4
0
%
82,970
3
6
3
.
3
9
0
6
.
,
.
3
3
5
.
%
5
%
1
,
.
.
5
Gross Operating Profit 10,212,631 40.8% 41,180 151.64 10,456,791 36.7% 41,827 190.99 14,401,943 40.2% 57,608 233.82 Gross Operating Profit43.3% 75,325 275.16 10,212,631 4 4 40.8% 78,496 2 151.64 10,456,791 8 4 36.7% 80,586 2 190.99 14,401,943 4 4 40.2% 82,
5
,
,
0
6
%
.
2
8
9
2
3
8
41,180
2
3
1
8
3
4
1
,
9
0
2
9
3
,
.
.
%
.
0
4
2
2
.
6
5
3
3
2
8
3
4
8
3
7
5,555
3
.
0
5,719
9
%
3
0
1
,
.
1
7
0
,
%
1
.
5
4
6
1
4
0
6
5,215
,
9
,
9
,
.
0
Management Fees 740,661 3.0% 2,987 11.00 854,921 3.0% 3,420 15.62 1,075,796 3.0% 4,303 17.47 Management Fees 4 3.0% 5,215 19.05 1 , 740,661 5 3.0% 5,406 1 11.00 1 , 854,921 4 3 3.0% 5,555 2 15.62
.
%
,
7
2
8
1
0
3
4
2
1
4
.
%
4
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.
1
0
,
6
1
%
,
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%
5
.
8
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5
.
0
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5,406
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2,987
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0
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%
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4,303
.
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0
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.
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0
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1
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.
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.
3
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9
1,710
5
,
.
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4
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2,703
2
7
.
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1
6
.
7
0
,
2,778
,
-
5
9
%
7
5
%
7
0
5
0
1
Brand Fees - 0.0% - - 427,461 1.5% 1,710 7.81 537,898 1.5% 2,152 8.73 Brand Fees651,822 1.5% 2,607 9.52 6 7 5 , 7 -73 1 0.0% 03 9 . -85 427,461 2 1 1.5%
9
5
0
%
0
.
.
.
0
.
2,859
%
2,607
9
%
4
7
1
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5
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6
%
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,
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5
.
.
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4
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.
,
2
1
2,152
5
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1
4
3
5
%
.
4
,
2
%
6
,
7
%
5
.
,
6
.
Total Fees 740,661 3.0% 2,987 11.00 1,282,382 4.5% 5,130 23.42 1,613,695 4.5% 6,455 26.20 Total Fees955,466 4.5% 7,822 28.57 2 , 740,661 8 4 3.0% 8,109 2 11.00 1,282,382 6 4 4.5% 8,333 3 23.42 1
%
.
4
5,130
2
.
2
5
9
0
5
8,578
4
,
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0
2
,
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8,109
0
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.
.
2,987
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6
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0
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5
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2
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%
%
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,
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6
7,822
7
7
.
8
,
1
4
9
4
2
1
,
2
%
,
9
5
5
,
%
7
7
7
Income Before Fixed Charges 9,471,970 37.8% 38,193 140.64 9,174,409 32.2% 36,698 167.57 12,788,249 35.7% 51,153 207.62 Income Before Fixed Charges 67,503 246.59 1 9,471,970 6 37.8% 70,386 2 140.64 1 9,174,409 2 3 32.2% 72,253 2 167.57 12,788,249 1 3 35.7%
6
.
5
,
67,503
.
2
9
6
0
9
.
7
%
.
3
7
,
5
9
72,253
2
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0
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5
.
8
3
3
.
,
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0
74,391
8
3
8
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4
36,698
7
51,153
6
9
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0
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9
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0
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9
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70,386
8
%
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.
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.
,
4
1
1
2
3
.
0
%
4
6
1
9
3
8
3
2
,
.
3
Fixed Charges Fixed Charges
1,525
0
.
.
.
%
9
8
2
.
5
7
%
1
0
4
2
4
.
5
0
4
8
1,442
2
,
4
1,481
1
0
.
9
%
,
1,391
8
4
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8
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.
8
3
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.
%
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,
1
8
3
4
.
4
0
,
1
5
.
1,148
3
Insurance 117,840 0.5% 475 1.75 227,979 0.8% 912 4.16 286,879 0.8% 1,148 4.66 Insurance 347,638 0.8% 1,391 5.08 3 117,840 2 0.5% 442 5 1.75 227,979 8 0 0.8%
7
.
5
2
%
8
1
.
5
.
%
8
3
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5
3
,
0
7
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0
.
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1
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2
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4,459
6
%
1
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.
4
8
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.
,
3,500
1
6
8
4
.
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4,247
8
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0
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5
4
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0
2,256
5
5
.
,
6
%
4
.
.
.
7
%
%
5
1
0
4,682
7
Property Taxes 559,460 2.2% 2,256 8.31 875,000 3.1% 3,500 15.98 940,625 2.6% 3,763 15.27 Property Taxes2 2.3% 4,045 14.78 0 , 559,460 0 2.2% 4,247 5 8.31 1 , 875,000 7 2 3.1% 4,459 1 15.
7
1
0
319
.
%
4
9
1
7
4
.
334
9
.
.
,
2
1
,
4
3
,
2
.
9
3
8
9
2
%
1
3
.
2
8
2
%
1
6
0
6
2
.
%
6
.
2
%
269
250
8
2
5
7
1
,
.
Rent 1,937,246 7.7% 7,811 28.77 62,500 0.2% 250 1.14 67,188 0.2% 269 1.09 Rent 72,227 0.2% 289 1.06 1,937,246 8 7.7% 3 0 3 28.77 62,500 0 0
.
.
2
7,811
1
.
6
6
,
,
1
1
289
2
%
303
7
.
8
.
3
%
7
7
9
3
,
2
8
0
%
9
.
2
%
0
9
9
6
%
0
.
,
2
7
.
2
.
1
1
2
7
8
6
0
Other + Capital Leases 164,954 0.7% 665 2.45 100,000 0.4% 400 1.83 103,000 0.3% 412 1.67 Other + Capital Leases0.2% 424 1.55 164,954 3 0 0.7% 437 1 2.45 100,000 1 0 0.4%
.
1
1
7
400
1
464
,
4
1
5
%
665
2
9
4
%
2
2
,
,
2
9
2
%
9
1
.
9
412
.
2
0
2
5
.
6
1
7
,
9
.
,
3
5
450
.
.
1
9
0
.
2
1
1
0
2
,
7
,
8
.
%
6
4
5
6
424
4
5
.
437
4
2
4
1
.
9
,
6
6
1
.
%
.
.
.
,
0
0
3
1
,
6
5
1
6,149
6
,
1
2
6,429
.
4
%
2
1
7
4
,
0
.
6
3
,
7
8
8
7,005
2
4
,
,
6
9
9
,
4
2
8
%
5
9
3
3
%
7
5,591
%
8
1
3
3
0
5
,
,
7
.
5
%
5
1
2
4
3
6
.
6
1
,
.
8
2
7
9
7
4
7
,
2
,
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,
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9
7
5,062
8
1
4
.
1
7
1
%
4
6,709
.
,
.
1
5
5
5
,
9
.
Total Fixed Charges 2,779,500 11.1% 11,208 41.27 1,265,479 4.4% 5,062 23.11 1,397,692 3.9% 5,591 22.69 Total Fixed Charges 7 3.5% 6,149 22.46 2,779,500 3 11.1% 11,208 41.27 1,265,479 6 3 4.4% 6,709 2 23.11
%
0
3
5
%
8
3
5
3
5
9
3
,
8
3
0
0
.
6
6
3
.
63,957
,
9
0
.
5
8
.
2
31,636
6
1
,
26,986
5
,
3
%
%
3
.
4
4
3
7
OPERATING PROJECTION 7,908,930 27.8% 31,636 144.46 11,390,557 31.8% 45,562 184.93 EBITDA15,338,640 35.3% 61,355 224.13 1 6,692,470 3 3 26.7% 63,957 3 99.37 1 7,908,930 6 3 27.8% 65,544 2 144.46 11,390,557 8 3 31.8% 67,386 2 184.93 15,338,640 4 35
1
9
6,692,470
,
%
8
26.7%
4
8
1
.
6
6
9
6
99.37
1
.
.
%
,
.
7
0
5
.
8
45,562
6
5
65,544
8
,
1
7
1
2
,
1
6
,
,
26,986
9
0
3
,
2
,
67,386
4
1
,
5
.
3
.
1
.
8
5
5
5
5
9
8
4
1
7
8
2
5
.
61,355
7
6
EBITDA
9
3
4
3
9
%
,
3
7
3
2
3
4
OPERATING PROJECTIONS OPERATING PROJECTIONS 2 OPERATING PROJECTIONS
Nashville Yards Nashville Yards Nashville Yards
rt
Year Ended Property
CBRE BENCHMARKER* Year Ended Year Ended Property CBRE BENCHMARKER* Year Ended Year Ended Property Year Ended Property Year Ended Property Year Ended Property Year Ended Property CBRE BENCHMARKER* Year Ended Year Ended Property y Year Year Endedperty Year Ended Property Year Ended Property Year Ended Property Year Ended Property Year Ended Property Year Ended Property Year Ended Property Year Ended Property
Year Ended Property
Year Ended Property
pe
E
Year Ended Property
r
P
Year Ended Property
P
Y
E
e
a
Year Ended
rt
nd
ro
E
ro
y
d
e
Year Ended Property
Year Ended Property
ro
P
a
Y
e
Year Ended
pe
Year Ended Property
d
r
Year Ended Property
nd
e
d
nde
December 31,
December 31,
ec
3
Nashville Yards December 31, December 31, December 31, December 31, December 31, December 31, December 31, Nashville Yards D December 31, , December 31, 1 , D December 31, 1 , December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31,
1
December 31,
December 31,
December 31,
em
December 31,
er
b
b
December 31,
b
D
er
December 31,
er
December 31,
3
ec
December 31,
em
3
em
ec
December 31,
December 31,
Nashville Yards
2019 2025 2026 2019 2027 2025 2028 2026 2029 2027 2030 2028 2031 2029 2019 2 2030 2025 3 2031 2 2026 4 2032 2027 2033 2028 2034 2029 2030 2031 2032 2033 2034
3
0
0
3
0
2
3
2
Keys 248 Keys 250 250 248 250 250 250 250 250 250 250 250 Keys 250 250 248 0 250 250 0 250 2 250 0 250 250 250 250 250 250 250 250 250 250 250
2
5
2
5
5
6
3
Days 365 Days 365 365 365 365 365 366 365 365 365 365 366 Days 365 365 365 6 365 3 365 5 365 3 365 5 366 365 365 366 365 365 365 365 366 365 365
6
6
Available Rooms
Available Rooms 90,520 91,250 91,250 90,520 91,250 91,500 91,250 91,250 91,250 91,500 Available Rooms50 91,250 91,250 91,250 91,500 9
91,250
91,500
91,250
2
,
91,250
0
5
9
1
1
0
2
0
5
1
90,520
,
2
,
1
5
91,250
,
0
9
9
9
91,250
5
Occ % 74.4% Occ % 60.0% 68% 74.4% 75% 60.0% 75% 68% 75% 75% 75% 75% Occ % 75% 75% 74.4% % 75% 60.0% % 75% 7 68% % 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75%
5
7
7
5
Rooms Sold
67,347
6
8
Rooms Sold 67,347 54,750 61,594 67,347 54,750 68,625 61,594 68,438 68,438 68,625 Rooms Sold68,438 68,438 68,438 6 68,438 68,625
68,438
5
68,438
,
2
6
3
3
61,594
4
68,625
8
,
4
8
54,750
6
68,438
8
,
8
2
$
3
$
$
$
$
$
5
.
6
365.58
325.00
351.52
ADR 325.00
1
1
4
8
.
1
ADR $ 264.05 $ $ 338.00 264.05 $ $ 325.00 $ 365.58 338.00 $ 376.55 351.52 $ 387.84 365.58 ADR$ 399.48 376.55 $ 4 $ 387.84 $ 4 $ 399.48 $ $ 4 338.00 2 411.46 $ 351.52 423.81 $ $ 436.52 $
$
264.05
$
.
$
6
3
$
$
$
$
9
299.61
3
1
0
290.88
$
196.45
2
6
.
8
195.00
228.15
.
0
$
7
6
7
.
8
263.64
274.19
RevPAR $ 196.45 $ 195. $ 228.15 196.45 $ $ 195.00 $ 274.19 228.15 $ 282.41 263.64 $ $ 274.19 RevPAR $ 282.41 $ 3 $ 290.88 $ 3 $ 299.61 $ $ 3 $ 308.60 $ $ 317.86 $
RevPAR00
263.64
Amount % PAR POR Amount % PAR POR Amount Amount% % PAR PAR POR POR Amount Amount% % PAR PAR POR POR Amount Amount% % PAR PAR POR POR Amount Amount% % PAR PAR POR POR Amount Amount% % PAR PAR POR POR Amount Amount% % PAR PAR POR POR AmountAmount Amount %% % PARPAR PAR PORPOR POR AmountAmount Amount %% % PARPAR PAR PORPOR POR AmountAmount Amount %% % PARPAR PAR PORPOR POR Amount Amount % % PAR PAR POR POR Amount Amount % % PAR PAR POR POR Amoun
Revenue Revenue Revenue
17,782,886
Rooms
71.1%
71.1% 12,947
5
5
106,172
55.7%
5
96,229
1
100,352
71,705
55.4%
Rooms 17,782,886 71.1% 71,705 264.05 17,793,750 62.4% 71,175 325.00 20,818,688 58.1% 83,275 71,705 338.00 264.05 24,057,150 17,793,750 62.4% 71,175 351.52 325.00 25,087,982 20,818,688 58.1% 83,275 365.58 338.00 25,770,019 24,057,150 55.4% 96,229 376
1
71,175
109,358
5
83,275
55.7%
365.58 27,339,413
96,229
55.7%
62.4% 16,018
1
5
100,352
103,080
55.4%
58.1% 19,498
55.7%
55.7%
5
Food & Beverage 5,903,523 23.6% 23,805 87.66 Food & Beverage% 34,055 155.50 12,503,531 34.9% 50,014 23,805 203.00 87.66 16,493,438 8,513,625 29.9% 34,055 241.00 155.50 16,963,988 12,503,531 34.9% 50,014 247.20 203.00 17,443,706 16,493,438 3
67,856
73,807
37.7%
67,856
7
23,805
37.7%
37.7%
38.0%
37.6%
3
3
5,903,523
23.6% 75,925
65,974
29.9% 78,086
23.6%
7
29.9
34.9% 80,321
3
247.20
65,974
7
37.6%
8,513,625
37.6%
69,775
50,014
71,761
38.0%
10,165
O
5.8%
5.8%
Other Operated Depts 877,207 3.5% 3,537 13.03 1,916,250 6.7% 7,665 35.00 2,220,455 877,207 3.5% 13.03 2,541,187 1,916,250 6.7% 35.00 2,624,594 2,220,455 6.2% 36.05 2,695,945 2,541,187 5.8%
6.2%
10,498
5.8%
10,165
10,784
5
6.7% 2,137
38.25
3.5% 1,816
6.2% 2,501
7,665 37.13
5
11,441
5.8%
5.8%
5.8%
5.8%
11,107
10,498
Other Operated Depts
5.8%
8,882 38.25
5
5.8%
3,537 36.05
8,882
5.8%
0.8%
0
5.63 463,591 422,000
0.8% 1,734
1,541 5.97
1,734 5.30
1.0%
0.9%
0
1,634
1,452
Miscellaneous 463,591 1.9% 1,869 6.88 273,750 1,095 5.00 317,208 463,591 1.9% 273,750 1.0% 317,208 0.9% 363,027 0.8%
6.33 374,942
5.46laneous408,590
1.9%
1,786 5.46
0.8% 1,688
0.8%
5.00 374,942
6.15 363,027
1,500
1,269 5.46
0.8%
5.97 317,208 446,477
1,587
1,500
0.9%
0.8%
1,452
6.88 363,027
1,269
5.15 385,135
1,869 5.15
5.80 273,750 433,473
Miscellaneous 1.0%
0.8%
0.8%
0.8%
0.8% 1,786
Mi
1,452 5.63
5.30 396,689
0
1,500 5.80
1,541
6.52 385,135
1,095 5.30
190,628
100.0% 214,107
185,179
100.0%
0
100.0%
100.0%
0
0
1
143,440
25,027,207
Total Revenue 25,027,207 100.0% 100,916 371.62 28,497,375 113,990 520.50 35,859,881 100.0% 143,440 100,916 582.20 371.62 43,454,801 28,497,375 100.0% 113,990 634.96 520.50 45,051,506 35,859,881 100.0% 143,440 656.49 582.20 46,294,805 43,454,801 100.0% 173,819 676.45
173,819
Total Revenue 100.0%
180,206
656.49enue49,059,977
100.0%
100.0%
173,819
196,240
100.0%
113,990
100.0%
1
100.0%
0
100,916
180,206
1
100.0% 202,376
100.0% 207,974
0
0
Deptartmental Expenses Deptartmental Expenses Deptartmental Expenses
22.0%
19,986
R
22.0%
22.0%
22.0%
Rooms 3,957,740 22.3% 15,959 58.77 Rooms 26.0% 18,506 84.50 4,996,485 24.0% 19,986 15,959 81.12 58.77 5,292,573 4,626,375 26.0% 18,506 77.33 84.50 5,519,356 4,996,485 24.0% 19,986 80.43 81.12 5,669,404 5,
24,059
4,626,375
22.0%
21,170
22.0%
2
15,959
2
21,170
26.0% 25,524
80.43 6,014,671
3,957,740
2
22,077
22.0%
24.0% 26,290
22.0%
22.3%
22,678
2
2
22.3% 24,848
23,358
22,077
2
5,959,538
45,354
64.5%
5
65.0%
65.0%
65.0%
44,106
47,975
23,838
67.5% 52,209
65.0%
44,106
160.68
46,645
65.0%
65.0%
70.0
65.0%
6
42,883
6
5
6
64.5% 49,351
65.0%
70.0% 50,756
3,807,858
5
42,883
33,760
Food & Beverage 3,807,858 64.5% 15,354 56.54 Food & Beverage% 23,838 108.85 8,439,884 67.5% 33,760 15,354 137.03 56.54 10,720,734 5,959,538 70.0% 23,838 156.65 108.85 11,026,592 8,439,884 67.5% 33,760 160.68 137.03 11,338,409 10,720,73
O
22.95
Other Operated Depts 520,591 59.3% 2,099 7.73 1,149,750 60.0% 4,599 21.00 1,332,273 520,591 59.3% 1,149,750 60.0% 21.00 1,574,756 1,332,273 60.0% 21.63 1,617,567 1,524,712 60.0%
60.0%
60.0%
60.0%
4,599 22.28
6
60.0%
59.3%
7.73 1,524,712
6,299 24.34
7,501 22.95
0
6,470 25.08
Other Operated Depts
60.0%
6
60.0%
60.0%
0
0
60.0%
6,099
6,099 23.64
5,329
7,282 22.28
6,099
6
6,864
6,299
6,470
60.0%
6,664
60.0% 7,501
2,099 21.63
6,299
5,329 22.95
60.0%
-
-
-
-
-
-
0.0%
-
0.0%
Miscellaneous 0.0%
-
0.0%
0.0%
0.0%
Miscellaneous
-
0.0%
-
-
Miscellaneous - 0.0% - - - - - - - 0.0% - - - 0.0% - - - 0.0% - - - 0.0%
-
-
-
0.0%
-
-
-
-
0.0%
-
0.0%
0.0%
-
-
-
-
-
-
0.0%
33.1%
264.05
8,286,189
Total Deptartmental Expenses
0
33,412
70,152
40.2%
40.4%
0
59,075
74,502
40.2%
40.4%
76,667
4
41.2% 85,999
41.2% 83,562
72,483
70,152
40.2%
40.2%
78,898
40.2%
4
4
0
33.1% 81,289
72,483
Total Deptartmental Expenses 8,286,189 33.1% 33,412 123.04 11,735,663 41.2% 46,943 214.35 14,768,641 41.2% 59,075 33,412 239.78 123.04 17,538,020 11,735,663 41.2% 46,943 256.26 214.35 18,120,704 14,768,641 41.2% 59,075 264.05 239.78 18,625,380 17,538,020 40.4%
46,943
16,741,018
392.43
66.9%
107,723
67,504
113,961
5
5
59.8%
103,667
58.8% 24,412
66.9% 21,087
103,667
59.6%
5
58.8% 28,107
9
110,678
84,365
9
59.8%
67,047
Total Departmental Profit 67,047
Total Departmental Profit 16,741,018 66.9% 67,504 248.58 16,761,713 58.8% 306.15 21,091,240 58.8% 84,365 67,504 342.43 248.58 25,916,782 16,761,713 58.8% 67,047 378.69 306.15 26,930,801 21,091,240 58.8% 84,365 392.43 342.43 27,669,425 25,916,782 59.6% 103,667 404.30
59.8%
117,342
1
59.8%
107,723
9
1
59.8%
59.6%
1
Undistributed Oper. Expenses Undistributed Oper. Expenses Undistributed Oper. Expenses
6.1%
6,556
6,000 23.25
Admin. & Gen. 1,524,879 6.1% 6,149 22.64 1,500,000 6,000 27.40 1,545,000 4.3% 6,180 6,149 25.08 22.64 1,591,350 1,500,000 5.3% 27.40 1,639,091 1,545,000 4.3% 25.08 1,688,263 1,591,350 3.7% 23.
3.6%
6,180 23.88
3.6%
6,365
3
3.6%
7,164
6,556 25.41
3.6%
7,829 23.88
3.7%
6,956
3
4.3%
6.1%
23.88. & Gen.
3.7% 7,601
7,601 23.25
6,365
3.6% 7,379
3.7%
6,753 26.17
1,524,879
Admin. & Gen. 5.3%
5.3%
6,365 24.67
3.7%
3.6% 7,829
6,753
A
6,556
3
19.69
5,406
5,406
2,810 17.47
3.0%
Credit Card Commissions 696,940 2.8% 2,810 10.35 854,921 3.0% 15.62 1,075,796 696,940 2.8% 10.35 1,303,644 854,921 3.0% 15.62 1,351,545 1,075,796 3.0% 17.47 1,388,844 1,303,644 3.0%
3.0%
5,719
5,887
6,239 19.05
5,215
3.0% 6,239
4,303
3.0%
2.8%
C
3.0%
3.0%
Credit Card Commissions3,420
3
3.0%
5,555
3.0% 6,071
5,215
3.0%
3.0% 6,423
5,555 21.51
6,423 19.69
5,406 20.89
5,215 20.29
3.0%
3
4,303 19.69
3.0%
3
3.0%
3,420 19.05
1
1.8%
6.07 530,450
2,185
8.22 409,039 614,937
1.2%
2,122
7.96 Telecomm. Systems597,026
9.13 546,364
8.96 530,450
2,060
1.2% 2,610
1.2%
2,251 8.72
1.6%
8.47 500,000 633,385
1.2% 2,460
2,534 7.75
1
2,122
1.2% 2,534
Info. & Telecomm. Systems 409,039 1.6% 1,649 6.07 500,000 1.8% 9.13 515,000 409,039 1.6% 500,000 1.8% 515,000 1.4% 530,450 1.2%
2,388
8.36 562,754
1.2%
Info. & Telecomm. Systems 2,000
2,610 7.96
1.2%
2,000 7.75
2,251
7.75 579,637
2,185 8.47
1,649 8.36
1.2%
2,122 8.22
8.72 515,000 652,387
1.2%
2,185
1.2%
2,060 7.96
Inf
2,319
1.4%
1
1.4%
9.25 546,364
9.53 562,754
2,493,512
4
10.0%
8,086
7,622 29.46
8,329
4.5%
4.5%
4.5%
7,851 30.42
6.5%
Marketing / Franchise Fees
8,086 31.34
29.46
4.5% 9,655
8,329 32.28
4
4.5%
4.5%
8,086
5.3%
7,851
9,374 28.68
7,851
9,655 29.46
4.5% 9,374
Marketing / Franchise Fees 2,493,512 10.0% 10,054 37.02 Marketing / Franchise Fees 7,400 33.79 1,905,500 5.3% 7,622 10,054 30.94 37.02 1,962,665 1,850,000 6.5% 33.79 2,021,545 1,905,500 5.3% 30.94 2,082,191
8,836
7
,
8
7,400 28.68
4
1,850,000
8,579
4
6.5%
10.0%
4.5%
6
2,623
2,546
1
1.5% 2,952
1
2.1%
2.2%
2,472
9.55
1.5% 3,131
Utility Costs 2.1%
1.5%
2,546
3,040 9.30
2,866
1
1.5% 3,040
Utility Costs 547,090 2.2% 2,206 8.12 600,000 2,400 10.96 618,000 547,090 2.2% 600,000 2.1% 10.96 655,636 618,000 1.7% 10.03 675,305 636,540 1.5%
1.5%
9.87 547,090 737,924
8.12 636,540
2,400 9.30
1.5%
3,131 9.55
1.5%
2,701
2,206 10.03
1.7%
Utility Costs,431
2,701 10.47
1.5%
2,623
1.5%
2,546 9.87
1.5%
2,623 10.16
9.30 695,564
2,782
2,472 9.55
1.7%
4,776
4,637
2.4%
2.4%
2.4%
4,000 15.50
5,219 15.92
4,244
Property Oper. & Maint. 856,927 3.4% 3,455 12.72 Property Oper. & Maint. 4,000 18.26 1,030,000 856,927 3.4% 12.72 1,060,900 1,000,000 3.5% 18.26 1,092,727 1,030,000 2.9% 16.72 1,125,509
2.4%
2.4% 4,919
5,067 15.50
2.4% 5,067
4,244 16.45
2.4%
2
2.4% 5,219
2.9%
P
4,502 17.45
3.4%
4,120
4,502
2.4%
4,120 15.92
15.92ty Oper. & Maint.1,194,052
3,455 16.72
2.9%
2
3.5%
2.4%
4,371
2
1,000,000
3.5%
4,244
4,371
4,371 16.94
6
28,342
6
16.2%
26,324
29,228
18.7% 34,867
16.3%
16.3%
106.48
28,342
25,220
22.1%
31,918
6,304,921
16.3%
6,528,387
16.2%
1
16.3%
1
29,228
26.1% 32,883
30,991
16.2%
16.2%
30,091
22.1% 33,855
16.3%
26.1%
6
Total Undistributed Oper. Expenses 6,528,387 26.1% 26,324 96.94 Total Undistributed Oper. Expenses 115.16 6,689,296 18.7% 26,757 26,324 108.60 96.94 7,085,549 6,304,921 22.1% 25,220 103.53 115.16 7,306,907 6,689,296 18.7% 26,757 106.48 108.60 7,522,867
1
43.6%
3
36.7% 90,558
78,496
78,496
82,970
4
40.8% 88,204
4
43.3%
3
43.5%
Gross Operating Profit 10,212,631 40.8% 41,180 151.64 10,456,791 36.7% 41,827 190.99 14,401,943 40.2% 57,608 41,180 233.82 151.64 18,831,233 10,456,791 36.7% 41,827 275.16 190.99 19,623,894 14,401,943 40.2% 57,608 285.96 233.82 20,146,558 18,831,233 43.3% 75,325
85,425
43.3%
75,325
285.96
43.6%
Gross Operating Profit
41,827
41,180
75,325
43.5%
3
40.8%
43.6%
4
80,586
40.2% 93,240
10,212,631
43.5%
19.69
Management Fees
5,215 20.29
4,303
3.0%
5,215
3,420 19.05
6,423 19.69
Management Fees
6,239 19.05
Management Fees 740,661 3.0% 2,987 11.00 854,921 3.0% 3,420 15.62 1,075,796 740,661 3.0% 11.00 1,303,644 854,921 3.0% 15.62 1,351,545 1,075,796 3.0% 17.47 1,388,844 1,303,644 3.0%
3.0%
3.0%
3.0%
7
3
1
5,215
,
9
3.0%
3.0%
3.0% 6,423
9
5,555
4,303 19.69
3.0%
2,987 17.47
3.0%
3.0%
3.0% 6,239
3.0%
3.0% 6,071
3
3.0%
5,406
3
5,555 21.51
5,406
5,719
5,887
5,406 20.89
10.15
1.5%
2,944
1.5% 3,212
2,607
2,778 10.75
1
1.5%
Brand Fees - 0.0% - - 427,461 1.5% 1,710 7.81 537,898 - 0.0% - 8.73 651,822 427,461 1.5% 537,898 1.5% 651,822 1.5%
1.5%
8.73 694,422
3,120 9.52
2,152
3,212 9.85
1
2,152 9.85
1.5% 3,120
1,710 9.52
1.5%
2,607
2,703
2,859
2,703 10.45
2,607 10.15
-
1.5% 3,036
Brand Fees735,900
-
1.5%
1
1.5%
2,703
1.5%
1.5%
1.5%
Brand Fees
7.81 675,773
2,778
9.52 714,854
0.0%
9.85
1.5%
29.54
4.5% 9,359
4.5%
4.5% 9,107
8,831
8,333 32.26
4
4.5%
4.5%
2,987 26.20
4.5%
4.5%
4.5%
4
8,109
4.5%
6,455
4.5%
4.5%
7,822 30.44
9,359 28.57
4.5% 9,635
3.0%
8,333
7,822
5,130 28.57
6,455 29.54
1,282,382
8,109 31.34
7,822
8,109
8,578
4
4.5%
9,635 29.54
Total Fees207,699
Total Fees 740,661 3.0% 2,987 11.00 Total Fees 4.5% 5,130 23.42 1,613,695 740,661 3.0% 11.00 1,955,466 1,282,382 4.5% 23.42 2,027,318 1,613,695 4.5% 26.20 2,083,266 1,955,466 4.5%
9
37.8%
Income Before Fixed Charges 9,471,970 37.8% 38,193 140.64 9,174,409 32.2% 36,698 167.57 12,788,249 35.7% 51,153 38,193 207.62 140.64 16,875,767 9,174,409 32.2% 36,698 246.59 167.57 17,596,576 12,788,249 35.7% 51,153 256.42 207.62 18,063,292 16,875,767 38.
9,471,970
39.1%
38.8%
39.0%
39.1%
Income Before Fixed Charges
3
9
37.8% 79,097
70,386
70,386
256.42
74,391
39.1%
39.0%
3
35.7% 83,605
39.0%
39.0%
38.8%
76,594
72,253
9
3
39.0%
67,503
32.2% 81,199
67,503
Fixed Charges Fixed Charges Fixed Charges
Insurance
1,391
0
0
1,570
1,713 5.25
0.8%
475 4.66
1,442
0.8% 1,713
0.8%
4.66 370,358
0.8%
0.8% 1,664
0.8%
0.8%
0.8%
5.90 347,638
0.8% 1,619
1,391 5.41
1,148
0.8%
5.08 381,256
0.8%
1,481
1,148 5.25
5.57 227,979 415,948
1,391
1,442 5.57
Ins
1,481 5.73
4.16 360,412
6.08 360,412
5.73 286,879 428,213
5.25 392,480
912 5.08
Insurance 117,840 0.5% 475 1.75 227,979 0.8% 912 4.16 286,879 117,840 0.5% 227,979 0.8% 286,879 0.8%
0.5%
1,442
5.41 117,840 404,751
6.26 370,358
0
0.8%
1,525
0.8%
1.75 347,638
1,664 5.08
4,247
2.6%
2.4%
5,420 14.78
15.47ty Taxes1,229,086
2.4%
P
2.5%
4,682
4,916
Property Taxes 3.1%
2.5%
2.6% 5,691
5,691 15.47
2.5% 5,420
4,459
4,247 17.10
Property Taxes 559,460 2.2% 2,256 8.31 875,000 3,500 15.98 940,625 559,460 2.2% 875,000 3.1% 15.98 1,061,730 940,625 2.6% 15.27 1,114,817 1,011,172 2.3%
2.3%
4,045
4,045 16.29
3,763 15.47
2.2%
3,763
4,459 17.96
3,500 14.78
2
2.6%
3.1%
2
2
4,247
2.4%
8.31 1,011,172
2,256 15.27
2.5% 5,162
2.3%
4,045
0.2%
369 1.091.49
0.2%
Rent 1,937,246 7.7% 7,811 28.77 62, 0.2% 250 1.14 67,188 0.2% 269 7,811 1.09 28.77 72,227 62,500 0.2% 67,188 0.2% 72,227 0
67,188
0.2%
303
303
0.2%
0
289
387 1.06
0.2% 407
1.49
250 1.06
351 1.141.41
303 1.22
407 1.11
Re
1.41
289
1.28
7,811
334
1.14 75,838
Rent500
7.7%
1.11 87,792
319 1.28
0.2%
1.34
319
0.2% 387
1.16 1,937,246
7.7%
289 1.16
269 1.11
351
0.2%
0
1.09 79,630
0
0.2%
1,937,246
1.06 83,611
1.22
0.2%
0.2%
522 1.59
0.4%
0.2%
424
0
Other + Capital L
507 1.55
0.2%
0.2%
0
437
1.85 109,273
478
0.2%
450 1.74
1.64 164,954 122,987
1.79 106,090
492 1.671.91
1.67 112,551
1.59
0.2% 522
Other + Capital Leases
424 1.64
0.2%
0
0.2%
464 2.451.79
0.2% 507
2.45 106,090
424
0.2% 492
437
0.2%
1.55 115,927
1.69 100,000 126,677
665 1.67
1.83 109,273
Other + Capital Leases 164,954 0.7% 665 2.45 100,000 0.4% 400 1.83 103,000 164,954 0.7% 100,000 0.4% 103,000 0.3%
0.3%
478 1.831.85
412 1.59
1.91 112,551
400 1.55
437 1.69
0.3%
0.7%
412
450
1.74 103,000 130,477
464
3.7%
3
3.7% 7,978
Total Fixed Charges 2,779,500 11.1% 11,208 41.27 Total Fixed Charges 5,062 23.11 1,397,692 3.9% 5,591 11,208 22.69 41.27 1,537,127 1,265,479 4.4% 23.11 1,607,253 1,397,692 3.9% 22.69 1,677,356 1,537,127 3.5%
7,978 22.46
8,333 23.42
4.4%
6,709 26.72
3.8% 8,333
7,315
11.1%
3
3.5%
6,429
3.6%
6,429 25.59
3.7%
7,005
3
11.1%
3.6%
3.9%
3.6%
5,591 23.42
2,779,500
6,709
6,149 24.51
23.42
3
Total Fixed Charges
6,149
,
8
1,265,479
6,429
5,062 22.46
3.5%
6,149
4.4%
31.8% 75,273
27.8% 73,221
61,355
35.4%
26.7%
26,986
63,957
35.3%
35.5%
5
3
35.3%
35.5%
EBITDA 6,692,470 26.7% 26,986 99.37 7,908,930 27.8% 31,636 144.46 11,390,557 31.8% 45,562 26,986 184.93 99.37 15,338,640 7,908,930 27.8% 31,636 224.13 144.46 15,989,323 11,390,557 31.8% 45,562 233.00 184.93 16,385,936 15,338,640 35.3% 61,3
EBITDA
35.3%
67,386
63,957
233.00
35.3%
31,636
61,355
5
65,544
5
3
6,692,470
69,279
35.3%
26.7% 71,455
3
1 3
28 29
