Page 55 - Valor Presentation for Baxter Fain
P. 55
EXAMPLE OF VALOR MANAGEMENT FEE CALCULATION WITH REVENUE ASSUMPTIONS
BY PROPERTY INCLUDING JV ALLIANCE REBATE
Valor Management Fee Income including rebate
Net Typical Mgt
2019 Rooms F&B Mgt. Valor Fee
Hotel Keys Occ ADR Revenue Assumption Total Revenue Fee Rebate Fee Revenues Rebate
Lazlo (1) 51 75.0% 114.14 $ 1,593,537 $ 1,500,000 $ 3,093,537 4.00% 0.35% 3.65% $ 123,741 $ 10,827
HEIX Liman 67 80.2% 116.35 $ 2,281,962 $ 2,281,962 3.50% 0.35% 3.15% $ 79,869 $ 7,987
HI Grand Junction 119 65.2% 100.64 $ 2,850,087 $ 1,000,000 $ 3,850,087 3.25% 0.35% 2.90% $ 125,128 $ 13,475
HEIX Fraser 62 75.1% 141.71 $ 2,408,380 $ 2,408,380 3.50% 0.35% 3.15% $ 84,293 $ 8,429
HI Casper 119 69.1% 115.20 $ 3,457,565 $ 1,000,000 $ 4,457,565 3.25% 0.35% 2.90% $ 144,871 $ 15,601
Candlewood Craig 76 57.6% 83.23 $ 1,329,869 $ 1,329,869 4.00% 0.35% 3.65% $ 53,195 $ 4,655
(1) Estimated based on TTM Comp Set
Totals 494 $ 13,921,399 $ 3,500,000 $ 17,421,399 $ 611,097 $ 60,975
$ 550,122
Valor Blended Net Management Fee 3.16%
Blended Management Fee incl. rebate 3.51%
