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ferg ferg
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A year ago
Using the numbers in Question 10, calculate the necessary ADR under the dollar per thousand rule.
 
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ishgupishgup
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A year ago
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The dollar per thousand rule is based on the notion that a hotel should be able to command an average ADR of 1 for every 1,000 per room in property value.The calculation is as follows: 10 million total construction cost/100 room hotel = 100,000 construction cost per room/1,000 (dollar per thousand) = 100.
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