Hotel Investments Handbook - Chapters2-7
-
Upload
peter-masters -
Category
Documents
-
view
218 -
download
0
Transcript of Hotel Investments Handbook - Chapters2-7
![Page 1: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/1.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 1/112
![Page 2: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/2.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 2/112
![Page 3: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/3.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 3/112
![Page 4: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/4.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 4/112
![Page 5: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/5.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 5/112
![Page 6: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/6.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 6/112
![Page 7: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/7.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 7/112
![Page 8: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/8.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 8/112
![Page 9: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/9.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 9/112
![Page 10: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/10.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 10/112
![Page 11: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/11.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 11/112
![Page 12: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/12.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 12/112
![Page 13: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/13.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 13/112
![Page 14: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/14.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 14/112
![Page 15: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/15.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 15/112
![Page 16: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/16.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 16/112
![Page 17: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/17.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 17/112
![Page 18: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/18.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 18/112
![Page 19: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/19.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 19/112
![Page 20: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/20.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 20/112
![Page 21: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/21.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 21/112
![Page 22: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/22.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 22/112
![Page 23: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/23.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 23/112
![Page 24: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/24.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 24/112
![Page 25: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/25.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 25/112
![Page 26: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/26.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 26/112
![Page 27: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/27.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 27/112
![Page 28: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/28.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 28/112
![Page 29: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/29.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 29/112
![Page 30: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/30.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 30/112
![Page 31: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/31.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 31/112
![Page 32: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/32.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 32/112
![Page 33: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/33.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 33/112
![Page 34: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/34.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 34/112
![Page 35: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/35.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 35/112
![Page 36: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/36.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 36/112
![Page 37: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/37.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 37/112
![Page 38: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/38.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 38/112
![Page 39: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/39.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 39/112
![Page 40: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/40.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 40/112
![Page 41: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/41.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 41/112
![Page 42: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/42.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 42/112
![Page 43: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/43.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 43/112
![Page 44: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/44.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 44/112
![Page 45: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/45.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 45/112
![Page 46: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/46.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 46/112
![Page 47: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/47.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 47/112
![Page 48: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/48.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 48/112
![Page 49: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/49.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 49/112
![Page 50: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/50.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 50/112
![Page 51: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/51.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 51/112
![Page 52: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/52.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 52/112
![Page 53: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/53.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 53/112
![Page 54: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/54.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 54/112
![Page 55: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/55.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 55/112
![Page 56: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/56.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 56/112
![Page 57: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/57.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 57/112
![Page 58: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/58.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 58/112
![Page 59: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/59.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 59/112
![Page 60: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/60.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 60/112
![Page 61: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/61.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 61/112
![Page 62: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/62.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 62/112
![Page 63: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/63.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 63/112
![Page 64: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/64.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 64/112
![Page 65: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/65.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 65/112
![Page 66: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/66.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 66/112
![Page 67: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/67.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 67/112
![Page 68: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/68.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 68/112
![Page 69: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/69.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 69/112
![Page 70: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/70.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 70/112
![Page 71: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/71.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 71/112
![Page 72: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/72.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 72/112
![Page 73: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/73.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 73/112
![Page 74: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/74.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 74/112
![Page 75: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/75.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 75/112
![Page 76: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/76.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 76/112
![Page 77: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/77.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 77/112
![Page 78: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/78.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 78/112
![Page 79: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/79.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 79/112
![Page 80: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/80.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 80/112
![Page 81: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/81.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 81/112
![Page 82: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/82.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 82/112
![Page 83: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/83.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 83/112
![Page 84: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/84.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 84/112
![Page 85: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/85.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 85/112
![Page 86: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/86.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 86/112
![Page 87: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/87.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 87/112
![Page 88: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/88.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 88/112
![Page 89: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/89.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 89/112
![Page 90: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/90.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 90/112
![Page 91: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/91.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 91/112
![Page 92: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/92.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 92/112
![Page 93: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/93.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 93/112
![Page 94: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/94.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 94/112
![Page 95: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/95.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 95/112
![Page 96: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/96.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 96/112
![Page 97: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/97.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 97/112
![Page 98: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/98.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 98/112
![Page 99: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/99.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 99/112
![Page 100: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/100.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 100/112
![Page 101: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/101.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 101/112
![Page 102: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/102.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 102/112
![Page 103: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/103.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 103/112
![Page 104: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/104.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 104/112
![Page 105: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/105.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 105/112
![Page 106: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/106.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 106/112
![Page 107: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/107.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 107/112
![Page 108: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/108.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 108/112
![Page 109: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/109.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 109/112
![Page 110: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/110.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 110/112
![Page 111: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/111.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 111/112
![Page 112: Hotel Investments Handbook - Chapters2-7](https://reader036.fdocuments.in/reader036/viewer/2022081323/577d24421a28ab4e1e9c043d/html5/thumbnails/112.jpg)
8/3/2019 Hotel Investments Handbook - Chapters2-7
http://slidepdf.com/reader/full/hotel-investments-handbook-chapters2-7 112/112