Microtel Inn & Suites · Microtel Inn & Suites 3930 St. Mary’s Road Columbus, GA 31907...

Microtel Inn & Suites3930 St. Mary’s RoadColumbus, GA 31907

C O N F I D E N T I A L O F F E R I N G P R E S E N T E D B Y :

Direct all inquiries to:Doug Collins [email protected]

Do not contact property directly • All showings by appointment only

This document intended for recipient’s private use in determining advisability of negotiating for purchase.

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. PHOTOGRAPHS

3. PROPERTY FEATURES

4. MARKET OVERVIEW

5. AREA COMPETITION

6. OPERATING STATISTICS & FINANCIAL STATEMENTS

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EXECUTIVE SUMMARY

• 78 guest rooms and suites – 4 floors, interior corridor with elevator

• 576 sq. ft. event space accommodates 50 guests for conferences or banquets

• Seasonal outdoor swimming pool

• Business center

• On-site gym

• Guest laundry

• Strategic, high-visibility location at major intersection along Interstate I-185

• Strong demand generators include business, military, educational, medical, and leisure sites, notably:

Fort Benning Army Base (3 miles) – supports 120,000 active duty and reserve troops plus family members and civilians McClung Memorial Stadium (3.4 miles) – 15,000-seat venue for sports and music events Columbus Civic Center (3.5 miles) – 10,000-seat multi-purpose arena hosts a variety of music and sports events, including hockey, basketball, indoor football plus indoor soccer St. Francis Hospital (4.7 miles) – general medical and surgical facility with 376 beds Columbus Metropolitan Airport (4.9 miles) Columbus State University (5 miles) – enrollment of 8,300 Coca-Cola Space Center (5.5 miles) – combines education and entertainment, including interactive flight simulators Woodruff Farm Soccer Center (5.6 miles) – 10 soccer fields host games and tournaments for players aged 6 to 16

1.SECTION

EXECUTIVE SUMMARY 1.SECTION(cont.)

• Built in 2009 and situated on 2.26 acres

• Exceptional opportunity to increase pro-forma revenue and net operating income from current levels of $1.42 million and $442,000 respectively

• In-place pad space for addition of restaurant, which can further increase revenues

• Selling price: $3.995 million – or $51,218 per room

2.SECTIONPHOTOGRAPHS

PROPERTY FEATURES

• 78 guest rooms and suites

• Guest room inventory includes:

44 doubles 18 singles 16 full suites

• Each room includes:

Free WiFi Flat screen TV with expanded cable and satellite channels In-room climate control HVAC Coffee/tea maker Work desk Telephone with dataport – free local calls In-room safe Hair dryer Iron and ironing board Pet friendly – with $25 per pet per night fee (limit two per room)

• 4 floors, interior corridor with elevator• Seasonal outdoor swimming pool• On-site gym• Business center • 576 sq. ft. meeting space accommodates 50 guests for conferences or banquets • Guest laundry • Free self-parking for cars, buses, trucks, RVs• Free continental breakfast • In-place pad space for addition of restaurant

3.SECTION

MARKET OVERVIEW

Population*:• 313,749 people• 111,394 households *As of 2016

Demographics*:• 49.1% white• 39.36% black• 1.81% Asian• 0.28% Native American• 3% Other *6.46% of the population is Hispanic

4.SECTIONSources: Wikipedia; Sperling’s Best Places

Columbus, located about 100 miles southwest of Atlanta, is the county seat of Muscogee County.

It is Georgia’s second-largest city with about 203,000 residents and the fourth-largest metropolitan area with about 315,000 residents. The metro area includes Phenix City, Alabama, which is directly west across the Chattahoochee River.

Economics: • Median family income: $52,695 – compared to $65,443 U.S. average • Unemployment: 6.6% – compared to 5.2% U.S. average• Cost of living is 16.1% lower than U.S. average• Future job growth is projected at 31.18% – compared to 37.98% U.S. average • Median home cost is $102,900 • Sales tax: 8% • Income tax: 6% • Property tax rate: $7.97 per $1,000 of home value – compared to $11.80 U.S. average• Renters make up 37.7% of metropolitan area, while home owners are 47.9% of the market *As of 2016

Area Businesses: Columbus is a military town, with Fort Benning Army Base occupying a large part of the countyand dominating the economy.

It is the largest infantry camp in the world, employing about 40,000 people and serving about120,000 active duty plus reserve troops, as well as family members and civilians.

The city is headquarters for: • AFLAC, the largest provider of supplemental insurance in the U.S. It employs about 4,000 people locally and its 18-floor office tower is the tallest building in the city. • Synovus, a regional banking conglomerate with about $27 billion in assets. It has about 1,000 local employees.

Largest employers include:• Total System Services (TSYS) – credit card processor (4,690) • Muscogee County School District (4,300)• Columbus Regional Healthcare System (3,180)• Columbus Consolidated Government (3,130)• KIA Motors Manufacturing (3,000)• St. Francis Hospital (3,000)• BlueCross BlueShield of Georgia (1,650)• Columbus State University (1,360)• Pratt & Whitney Engine Services (1,000)

MARKET OVERVIEW 4.SECTIONSources: Wikipedia; Sperling’s Best Places

(cont.)

Area Attractions:• South Commons Softball Complex – 8-field site annually hosts hundreds of competitions • National Infantry Museum and Soldier Center • Columbus RiverWalk – the world’s largest urban whitewater rafting course• National Civil War Naval Museum – site of the last surviving Confederate warship• Columbus Art Museum• River rafting and tubing• Coca-Cola Space Science Center• RiverCenter for the Performing Arts• Columbus Convention & Trade Center• Columbus Botanical Garden• Oxbow Meadows Environmental Learning (natural history museum)• Historic walking tours • 7 golf courses• 2 dinner theatres • Local as well as regional fairs, festivals, and concerts throughout the year

Area Restaurants: There are more than 500 franchised and independent dining options in Columbus – in a variety of price ranges, cuisine types, and styles from fine dining to fast food

Nearby Cities:• Auburn, Alabama – 36 miles• Montgomery, Alabama – 82 miles• Macon, Georgia – 102 miles• Atlanta, Georgia – 107 miles


(cont.)

Weather Averages:• Warmest month: July – 91ºF• Coolest month: January – 34ºF• Annual precipitation: 49 inches of rain – compared to U.S. average of 39 inches 0 inches of snow – compared to U.S. average of 26 inches • Located 445 feet above sea level• 216 sunny days per year

Little-Known Fun Facts:• Columbus pharmacist John Pemberton invented the recipe for Coca-Cola in the 1860s while trying to create a cure for his morphine addiction. His home in Columbus is a historic museum.

• Royal Crown Cola was also invented here.

• The city’s nickname is Fountain City because of the many water features around town.

• There are numerous sites in Columbus that claim to be haunted, including the Crybaby Bridge where people report hearing a baby crying and Springer Opera House thought to be home to the ghost of Edwin Booth, brother of Abraham Lincoln’s assassin John Wilkes Booth.

• The city is a hub for alien sightings, with countless reports since 1950 by policemen, pilots, and air traffic controllers.


(cont.)

Comfort Inn – 72 rooms, 3 miles

LaQuinta Inn & Suites, Ft. Benning – 123 rooms, 3.2 miles

AREA COMPETITION 5.SECTION

Days Inn, Columbus/Macon – 119 rooms, 3.2 miles

Econo Lodge Inn & Suites, Ft. Benning – 80 rooms, 3.3 miles

AREA COMPETITION 5.SECTION(cont.)

Quality Inn, Columbus – 82 rooms, 3.6 miles

Motel 6, Columbus – 111 rooms, 3.8 miles


Sleep Inn, Columbus – 61 rooms, 5.3 miles

LaQuinta Inn & Suites, Columbus State University – 99 rooms, 5.3 miles


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OPERATING STATISTICS & FINANCIAL STATEMENTS

6.SECTION

9:00 AM 03/18/17 Accrual Basis

Saint Marys Hotel, LLC Profit & Loss

January through December 2014

Page 1 of 4

Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 TOTAL

Rooms Available 2418 2184 2418 2340 2418 2340 2418 2418 2340 2418 2340 2418 28,470

Rooms Occupied 1050 1461 1902 1498 1465 1460 1579 1714 1495 1473 1216 987 17,300

Occupancy % 43.42% 66.90% 78.66% 64.02% 60.59% 62.39% 65.30% 70.89% 63.89% 60.92% 51.97% 40.82% 60.77%

ADR $67.42 $68.32 $70.35 $70.88 $76.09 $70.64 $69.88 $65.20 $64.41 $67.63 $70.83 $65.51 $61.28

Ordinary Income/Expense

Income

6000 · Revenue

6005 · Room Revenues 70,788.55 99,809.54 0.00 106,182.39 111,477.62 103,140.69 110,340.94 111,753.06 96,294.29 99,612.36 86,133.94 64,656.90 1,060,190.28

6010 · Board Room Revenue 612.50 440.00 133,807.39 0.00 0.00 0.00 0.00 0.00 0.00 637.50 860.00 1,166.94 137,524.33

6025 · Revenue - Vendor Commissions 487.86 254.63 0.00 637.75 478.24 0.00 0.00 1,111.11 1,115.48 744.44 462.95 277.78 5,570.24

6030 · Sales Tax Commission 571.42 304.30 670.00 508.41 741.91 658.26 558.05 661.20 0.00 548.33 518.75 426.65 6,167.28

6035 · Revenue - Safe Rental 0.00 526.50 1,208.31 642.00 586.50 261.00 -666.03 698.86 1,157.10 607.50 -192.00 324.00 5,153.74

6040 · Revenue - Guest Laundry 558.00 10.19 1.85 13.89 8.80 10.19 12.04 4.63 72.00 0.93 1.85 0.00 694.37

6050 · Space Rental & Concessions 0.00 0.00 0.00 642.50 535.00 1,017.50 332.50 517.50 397.69 0.00 0.00 0.00 3,442.69

6090 · Miscellaneous Income 0.00 0.00 617.88 0.00 0.00 1,994.05 504.63 0.00 0.00 0.00 0.00 0.00 3,116.56

Total 6000 · Revenue 73,018.33 101,345.16 136,305.43 108,626.94 113,828.07 107,081.69 111,082.13 114,746.36 99,036.56 102,151.06 87,785.49 66,852.27 1,221,859.49

Total Income 73,018.33 101,345.16 136,305.43 108,626.94 113,828.07 107,081.69 111,082.13 114,746.36 99,036.56 102,151.06 87,785.49 66,852.27 1,221,859.49

Gross Profit 73,018.33 101,345.16 136,305.43 108,626.94 113,828.07 107,081.69 111,082.13 114,746.36 99,036.56 102,151.06 87,785.49 66,852.27 1,221,859.49

Expense

7200 · Supplies

7205 · Guest Supplies 649.90 278.78 2,556.46 1,090.27 962.41 920.11 1,846.52 921.87 2,946.46 1,313.73 865.14 591.57 14,943.22

7206 · Guest Entertainment-Relations 0.00 0.00 0.00 21.44 18.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 39.69

7210 · Cleaning Supplies 43.38 460.23 1,197.88 282.26 843.72 193.05 683.46 224.26 688.76 796.43 0.00 591.00 6,004.43

7200 · Supplies - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 440.93 0.00 440.93

Total 7200 · Supplies 693.28 739.01 3,754.34 1,393.97 1,824.38 1,113.16 2,529.98 1,146.13 3,635.22 2,110.16 1,306.07 1,182.57 21,428.27

7220 · Linens 2,848.82 1,377.89 1,550.88 1,517.26 1,424.40 1,516.10 1,589.97 1,572.37 1,546.07 1,498.68 1,298.85 1,451.67 19,192.96

8010 · Advertising and Promotion (A&P)

8010.05 · A & P - Magazines & Newspapers 347.00 397.00 397.00 347.00 347.00 347.00 347.00 347.00 347.00 340.00 340.00 340.00 4,243.00

8010.10 · A & P - Office Supplies 356.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 93.39 0.00 0.00 450.20

8010.15 · A & P - Postage 41.44 45.07 98.17 63.39 41.18 90.53 77.79 71.05 91.11 35.53 38.04 57.92 751.22

8010.20 · A & P - Printing & Stationary 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 367.60 11.39 60.25 439.24

8010.25 · A & P - Signs 1,790.00 3,455.00 1,790.00 1,790.00 2,562.99 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 3,530.00 26,107.99

8010.30 · A & P - Regional Director 650.00 650.00 650.00 650.00 650.00 650.00 650.00 650.00 650.00 650.00 650.00 650.00 7,800.00

8010.40 · A & P - Free Breakfast 5,082.64 7,903.33 6,155.73 9,050.15 4,243.13 4,817.38 6,610.24 7,799.36 7,324.82 6,101.31 4,566.30 5,543.69 75,198.08

8010.45 · A & P - Special Promotions 27.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.17 66.95 110.81

8010.70 · A & P - Trade Show 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.68 22.68

Total 8010 · Advertising and Promotion (A&P) 8,295.58 12,450.40 9,090.90 11,900.54 7,844.30 7,769.91 9,550.03 10,732.41 10,277.93 9,452.83 7,486.90 10,271.49 115,123.22

8020 · Amortization Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,449.00 4,449.00

8040 · Bad Debt Expense 0.00 0.00 0.00 3,112.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,112.07

8050 · Bank Service Charges 0.00 21.35 36.58 92.61 185.99 1.55 13.63 0.06 87.48 0.00 108.77 8.13 556.15

8053 · Cash Over & Short -9.70 -1.25 -47.52 -2.85 43.68 -34.96 0.00 -0.04 0.67 -0.29 0.00 66.50 14.24

8060 · Casual Labor 0.00 0.00 558.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 558.57

8061 · Closing Costs 48.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.00

8065 · Contract Labor

8065.10 · Pool Maintenance 685.00 260.00 1,120.91 819.13 289.11 641.22 453.86 381.85 317.29 295.53 883.68 260.00 6,407.58

8065.20 · Contract Services 0.00 0.00 0.00 220.00 0.00 220.00 1,305.00 445.00 220.00 220.00 220.00 292.42 3,142.42

8065.30 · Laundry Repairs 0.00 0.00 0.00 0.00 600.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 600.00

Total 8065 · Contract Labor 685.00 260.00 1,120.91 1,039.13 889.11 861.22 1,758.86 826.85 537.29 515.53 1,103.68 552.42 10,150.00

8068 · Commissions 1,321.32 792.64 288.17 606.04 760.23 696.02 699.79 819.73 893.36 965.00 1,045.88 698.14 9,586.32

8071 · Building

8071.05 · Building - Lightbulbs 651.42 76.49 20.46 21.58 125.99 0.00 268.61 72.99 126.87 0.00 291.46 0.00 1,655.87

8071.10 · Building Maintenance 0.00 207.90 349.43 568.25 445.58 68.32 34.95 86.58 269.39 1,976.99 196.78 808.91 5,013.08

8071.15 · Buildig Maintenance - Painting 0.00 0.00 0.00 0.00 49.66 0.00 0.00 0.00 3.55 58.68 0.00 45.98 157.87

8071.20 · Building - HVAC Repairs 1,220.76 0.00 690.00 0.00 286.86 412.69 78.46 285.00 0.00 0.00 1,471.20 0.00 4,444.97

8071.25 · Building - Plumbing 1,868.66 474.10 566.04 151.70 0.00 767.12 295.00 462.08 954.39 675.75 320.00 241.59 6,776.43

8071.40 · Furniture & Equipment Repair 0.00 0.00 0.00 283.20 0.00 1,342.44 0.00 512.16 0.00 12.49 118.79 0.00 2,269.08

8071.45 · Building - Life and Safety 84.36 1,499.00 834.76 485.60 25.00 215.00 370.00 655.77 527.00 1,200.60 120.00 621.36 6,638.45


6.SECTION(cont.)




Page 2 of 4


8071.50 · Elevators & Escalators 0.00 0.00 0.00 0.00 0.00 147.18 0.00 140.00 188.91 0.00 111.18 0.00 587.27

8071.55 · Engineering Supplies 0.00 0.00 0.00 11.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.25

8071.60 · Electrical & Mechanical 663.26 567.10 1,587.46 0.00 214.85 188.90 605.77 546.41 307.72 305.94 591.09 188.90 5,767.40

8071.65 · Keys and Locks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 701.92 0.00 0.00 0.00 701.92

8071.70 · Floor Covering 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 768.48 0.00 0.00 0.00 768.48

8071.75 · Kitchen Equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 37.93 37.93

Total 8071 · Building 4,488.46 2,824.59 4,048.15 1,521.58 1,147.94 3,141.65 1,652.79 2,760.99 3,848.23 4,230.45 3,220.50 1,944.67 34,830.00

8072 · Collaterol Materials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00 0.00 18.00

8075 · Corporate Office Reimbursables 550.00 0.00 133.54 0.00 201.06 7.97 0.00 0.00 0.00 127.92 159.39 0.00 1,179.88

8078 · Credit Card Expense8078.10 · Credit Card Commission 1,345.79 2,032.73 2,516.10 3,727.79 2,572.28 2,212.61 2,523.98 2,300.93 2,724.20 2,642.28 1,903.06 1,594.01 28,095.76

Total 8078 · Credit Card Expense 1,345.79 2,032.73 2,516.10 3,727.79 2,572.28 2,212.61 2,523.98 2,300.93 2,724.20 2,642.28 1,903.06 1,594.01 28,095.76

8079 · Decorations 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91.35 0.00 91.35

8080 · Depreciation Expense

8080.10 · Depreciation Exp - Bldgs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77,560.00 77,560.00

8080.20 · Depreciation Exp - Improvements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17,122.00 17,122.00

8080.25 · Depreciation Exp - Signs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,985.00 12,985.00

8080.30 · Depreciation Exp - Pool 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,428.00 3,428.00

8080.35 · Depreciation Exp - Furn & Equip 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 47,860.00 47,860.00

8080.40 · Depreciation soft costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21,533.00 21,533.00

Total 8080 · Depreciation Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 180,488.00 180,488.00

8085 · Dues and Subscriptions 0.00 0.00 0.00 137.50 0.00 0.00 405.00 0.00 0.00 0.00 0.00 0.00 542.50

8090 · E Commerce 0.00 0.00 0.00 0.00 50.00 50.00 50.00 50.00 100.00 50.00 50.00 0.00 400.00

8092 · Franchise Advertising 0.00 0.00 0.00 2,823.65 2,929.55 2,122.81 2,266.82 3,350.06 0.00 0.00 0.00 0.00 13,492.89

8093 · Franchise Fees 6,363.08 4,221.62 11,404.59 6,370.94 6,688.66 6,828.44 7,260.46 6,705.18 8,758.55 9,023.99 7,945.72 4,485.00 86,056.23

8094 · Franchise Loyalty Program 3,519.88 5,988.57 2,092.88 2,341.65 4,752.52 2,258.60 2,445.63 3,547.63 3,110.34 2,810.77 2,316.64 3,879.41 39,064.52

8098 · Furniture 1,287.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,287.36

8099 · Employee Relations 0.00 0.00 280.00 443.00 119.50 0.00 80.00 40.00 0.00 0.00 0.00 0.00 962.50

8100 · Insurance

8100.01 · Insurance - Liability 0.00 7,877.00 0.00 0.00 0.00 8,250.00 0.00 8,250.00 0.00 0.00 8,250.00 0.00 32,627.00

8100.05 · Work Comp 555.94 505.40 606.48 505.40 505.40 505.40 1,352.40 1,352.40 -341.60 505.40 505.40 505.40 7,063.42

Total 8100 · Insurance 555.94 8,382.40 606.48 505.40 505.40 8,755.40 1,352.40 9,602.40 -341.60 505.40 8,755.40 505.40 39,690.42

8105 · Guest Relocation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.00 0.00 20.00

8115 · Grounds and Landscaping 1,196.38 701.25 580.00 580.00 580.00 580.00 580.00 580.00 580.00 609.14 1,573.50 580.00 8,720.27

8123 · Information Systems 1,160.99 4,759.79 1,388.89 1,525.89 1,418.89 1,418.89 1,431.40 1,515.65 1,435.40 1,435.40 1,478.59 1,381.40 20,351.18

8130 · Professional Fees 0.00 0.00 0.00 235.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.25

8135 · Laundry 246.19 387.45 742.44 1,023.95 859.67 302.57 811.83 363.45 1,137.31 752.27 707.91 419.33 7,754.37

8140 · Office Supplies 734.37 304.70 1,382.67 579.45 44.77 527.38 858.07 539.91 526.75 0.00 847.45 438.30 6,783.82

8145 · Maintenance Agreements 1,811.48 220.00 220.00 0.00 220.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,471.48

8155 · Personnel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 190.15 213.10 20.00 351.18 774.43

8165 · Pest Control 240.00 120.00 245.20 121.30 120.00 122.60 121.30 121.30 486.30 196.30 121.30 121.30 2,136.90

8170 · Postage and Delivery8170.05 · Postage/Delivery - Regular 114.94 198.40 127.17 308.30 159.14 145.30 98.65 100.01 151.09 61.67 104.72 139.17 1,708.56

Total 8170 · Postage and Delivery 114.94 198.40 127.17 308.30 159.14 145.30 98.65 100.01 151.09 61.67 104.72 139.17 1,708.56

8174 · Printing and Stationary 0.00 0.00 0.00 75.59 0.00 63.84 319.12 0.00 0.00 21.95 0.00 0.00 480.50

8190 · Repairs & Maint. Expense 0.00 450.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 450.00

8200 · Reservation Expense 480.26 367.43 377.08 531.74 624.06 596.35 710.40 501.65 555.20 906.45 755.79 525.25 6,931.66

8210 · Settlement Costs 230.40 0.00 1,233.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,464.28

8230 · Taxes & Licenses

8230.05 · Sales Tax 0.00 0.00 2,459.71 50.00 0.00 425.00 0.00 0.00 125.00 0.00 0.00 0.00 3,059.71

8230.10 · Property Tax - Hotel 0.00 0.00 0.00 0.00 0.00 0.00 1,086.03 0.00 45,242.93 0.00 0.00 3,662.53 49,991.49

8230.15 · Property Tax - Outparcel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,456.08 0.00 0.00 172.80 3,628.88

8230.20 · Personal Property Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,870.23 0.00 0.00 6,289.12 10,159.35

8230 · Taxes & Licenses - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,086.00 0.00 0.00 1,086.00

Total 8230 · Taxes & Licenses 0.00 0.00 2,459.71 50.00 0.00 425.00 1,086.03 0.00 52,694.24 1,086.00 0.00 10,124.45 67,925.43

8235 · Training 0.00 1,203.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60.09 592.08 1,855.17

8250 · Travel

8250.10 · Travel - Other 0.00 361.80 0.00 0.00 0.00 220.45 0.00 0.00 0.00 0.00 0.00 7.37 589.62

8250.20 · Travel - Meals 132.78 87.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 95.86 316.16


6.SECTION(cont.)




Page 3 of 4


8250 · Travel - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 0.00 0.00 0.00 1,000.00

Total 8250 · Travel 132.78 449.32 0.00 0.00 0.00 220.45 0.00 0.00 1,000.00 0.00 0.00 103.23 1,905.78

8255 · Uniforms 0.00 709.73 0.00 367.57 0.00 0.00 0.00 384.77 0.00 0.00 0.00 0.00 1,462.07

8260 · Utilities

8260.01 · Electric 8,988.08 4,767.31 4,436.06 4,444.33 4,695.34 5,445.42 5,816.11 5,885.32 5,691.37 4,966.36 4,430.91 4,703.44 64,270.05

8260.02 · Gas 452.90 654.88 628.38 696.71 637.65 595.59 638.25 606.19 615.48 565.53 522.26 622.15 7,235.97

8260.03 · Water 2,292.36 570.31 770.31 981.02 1,000.00 1,425.65 1,225.65 1,224.50 1,224.50 1,181.38 1,181.38 947.08 14,024.14

8260.04 · Guest Cable/Satellite TV 961.10 961.10 961.10 961.10 987.57 987.57 987.57 987.57 1,077.57 987.57 987.57 1,186.15 12,033.54

8260.05 · Electric - Parking Lot Lights 452.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 452.90

8260.06 · Telephone 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 600.00

8260.07 · Cost of Long Distance 713.50 401.03 706.43 734.26 734.26 732.98 733.18 734.79 733.82 739.24 736.61 732.56 8,432.66

8260.10 · Waste Removal (Trash) 520.00 260.00 260.00 260.00 260.00 260.00 260.00 260.00 260.00 260.00 260.00 260.00 3,380.00

Total 8260 · Utilities 14,430.84 7,664.63 7,812.28 8,127.42 8,364.82 9,497.21 9,710.76 9,748.37 9,652.74 8,750.08 8,168.73 8,501.38 110,429.26

8405 · Management Fees Sky Hospitality8405.14 · Sky Hospitality Mgmt Fees -2014 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 45,600.00

Total 8405 · Management Fees Sky Hospitality 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 45,600.00

8420 · SWCP I - Management Fees8420.13 · SWCP I - Mgmt Fee 2013 0.00 0.00 0.00 4,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,000.00

Total 8420 · SWCP I - Management Fees 0.00 0.00 0.00 4,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,000.00

8425 · Management Fee Archer Propertie 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,500.00 0.00 0.00 1,500.00

8500 · Salaries

8500.01 · Salaries - General Manager 3,960.63 3,461.54 3,637.49 3,813.45 3,813.45 3,637.50 4,404.15 3,608.72 5,013.45 3,989.40 3,861.54 3,989.40 47,190.72

8500.03 · Salaries - Assistant Manager 2,246.95 2,100.00 2,229.01 2,358.01 2,358.01 2,229.01 2,277.02 1,988.93 0.00 1,962.02 2,257.50 2,550.02 24,556.48

8500.05 · Salaries - Guest Svc/Front Desk 8,670.41 6,471.12 5,921.57 3,944.26 -4,645.24 4,300.21 3,185.04 3,917.93 4,957.92 4,332.01 3,704.00 4,032.39 48,791.62

8500.10 · Salaraies - Room Attend/Hskping 6,144.82 6,353.53 7,312.54 6,463.01 5,958.76 5,306.35 5,759.98 5,908.49 6,879.71 4,830.96 3,886.38 2,434.89 67,239.42

8500.15 · Salaries - Maintenance 1,110.40 1,014.00 1,108.63 1,509.05 1,183.01 1,116.60 1,229.74 974.84 1,170.88 1,447.05 1,041.30 1,062.53 13,968.03

8500.25 · Payroll Taxes & Benefits 3,452.94 3,511.88 2,371.30 2,299.86 2,031.17 1,988.77 2,112.32 2,817.37 1,833.04 2,097.58 1,676.21 2,856.71 29,049.15

8500.30 · Payroll Processing Expense 50.00 50.00 50.00 93.00 50.00 50.00 50.00 50.00 50.00 0.00 50.00 50.00 593.00

8500.35 · Employee Incentives Program 353.50 1,448.50 1,055.00 1,520.00 1,335.00 1,387.00 1,715.28 2,410.64 2,076.28 580.00 1,665.00 2,887.43 18,433.63

8500.40 · Sky Accounting Fees 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.60 1,200.00 1,200.00 14,400.60

8500.45 · Salaries - Breakfast Attendant 484.69 549.75 1,469.71 803.42 1,413.86 755.32 730.62 876.89 771.61 764.17 761.95 820.78 10,202.77

8500.70 · Salaries - Night Auditor 0.00 0.00 0.00 2,451.76 10,286.36 2,326.51 2,473.52 2,393.27 1,551.52 2,431.28 2,192.00 2,455.20 28,561.42

8500.90 · Employee Recruitment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 240.00 240.00

Total 8500 · Salaries 27,674.34 26,160.32 26,355.25 26,455.82 24,984.38 24,297.27 25,137.67 26,147.08 25,504.41 23,635.07 22,295.88 24,579.35 303,226.84

8600 · General Office Expense

8600.03 · Gen Off - Accounting Fees 0.00 0.00 166.75 1,023.00 0.00 80.00 0.00 0.00 0.00 656.75 0.00 0.00 1,926.50

8600.10 · Gen Off - Bank Svc Charge 0.00 0.00 0.00 76.00 38.00 0.00 38.00 0.00 0.00 0.00 0.00 12.00 164.00

8600.16 · Gen Off - Sign Lease - DLM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,200.00 0.00 0.00 0.00 0.00 4,200.00

8600.21 · Gen Office-SWCPI Mgmt Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,250.00 0.00 0.00 0.00 0.00 2,250.00

8600.60 · Gen Off - Miscellaneous 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58.89 0.00 0.00 58.89

8600.65 · Gen Off - Rent Expense 0.00 1,060.00 530.00 0.00 0.00 2,120.00 0.00 530.00 530.00 530.00 0.00 1,060.00 6,360.00

8600.75 · Gen Off - Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 5.75 5.75 0.00 0.00 1,800.00 0.00 1,811.50

Total 8600 · General Office Expense 0.00 1,060.00 696.75 1,099.00 38.00 2,200.00 43.75 6,985.75 530.00 1,245.64 1,800.00 1,072.00 16,770.89

Total Expense 84,245.78 87,645.97 84,855.89 86,411.56 73,152.73 81,497.34 78,888.32 94,242.64 133,421.33 78,145.79 78,564.17 264,304.83 1,225,376.35

Net Ordinary Income -11,227.45 13,699.19 51,449.54 22,215.38 40,675.34 25,584.35 32,193.81 20,503.72 -34,384.77 24,005.27 9,221.32 -197,452.56 -3,516.86

Other Income/Expense

Other Income8690 · CBS Outdoor Sign Lease Income 0.00 13,125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,125.00

Total Other Income 0.00 13,125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,125.00

Other Expense

8120 · Interest Expense

8120.01 · Interest (Hudson Cap $4.5 Mil) 11,348.11 11,336.74 10,215.33 15,500.00 0.00 0.00 0.00 11,255.46 0.00 0.00 10,908.00 5,104.34 75,667.98

8120.02 · Interest (Hudson Cap 1/2 AC OP) 1,195.14 1,194.59 1,076.13 1,146.18 538.34 1,140.28 1,805.49 1,174.47 548.54 0.00 0.00 3,453.52 13,272.68

Total 8120 · Interest Expense 12,543.25 12,531.33 11,291.46 16,646.18 538.34 1,140.28 1,805.49 12,429.93 548.54 0.00 10,908.00 8,557.86 88,940.66


6.SECTION(cont.)




Page 4 of 4


9050 · Offset Rented Room -4,572.90 -1,995.65 3.00 -1,499.20 -1,407.24 -1,320.51 -1,452.92 -1,474.50 4.00 6.00 13.00 22.00 -13,674.92

9150 · Available Rooms Offset 181.00 3.00 -1,547.63 1.00 3.00 5.00 20.00 35.00 -1,314.00 -1,332.25 -1,147.42 -1,117.58 -6,210.88

Total Other Expense 8,151.35 10,538.68 9,746.83 15,147.98 -865.90 -175.23 372.57 10,990.43 -761.46 -1,326.25 9,773.58 7,462.28 69,054.86

Net Other Income -8,151.35 2,586.32 -9,746.83 -15,147.98 865.90 175.23 -372.57 -10,990.43 761.46 1,326.25 -9,773.58 -7,462.28 -55,929.86

-19,378.80 16,285.51 41,702.71 7,067.40 41,541.24 25,759.58 31,821.24 9,513.29 -33,623.31 25,331.52 -552.26 -204,914.84 -59,446.72


6.SECTION(cont.)




Page 1 of 3


Rooms Available 2418 2184 2418 2340 2418 2340 2418 2418 2340 2418 2340 2418 28,470

Rooms Occupied 957 1337 1564 1422 1408 1230 1667 1605 1416 1591 1365 1136 16,698

Occupancy % 39.58% 61.22% 64.68% 60.77% 58.23% 52.56% 68.94% 66.38% 60.51% 65.80% 58.33% 46.98% 58.65%

ADR $63.56 $66.97 $71.31 $73.11 $73.12 $69.51 $68.15 $64.79 $65.16 $66.19 $67.91 $65.19 $68.05


Income

6000 · Revenue

6005 · Room Revenues 60,828.36 89,533.68 111,524.34 103,959.06 102,951.65 85,501.72 113,613.33 103,993.12 92,269.05 105,302.22 92,703.24 74,051.34 1,136,231.11

6010 · Board Room Revenue 0.00 700.00 1,008.10 735.50 775.00 772.50 625.00 0.00 0.00 550.00 0.00 269.00 5,435.10

6025 · Revenue - Vendor Commissions 637.96 0.00 925.93 153.07 225.00 0.00 0.00 1,013.24 430.38 478.00 371.24 1,100.44 5,335.26

6030 · Sales Tax Commission 441.20 357.55 475.39 0.00 545.29 573.24 519.81 659.23 697.11 630.85 1,388.12 746.11 7,033.90

6035 · Revenue - Safe Rental -272.98 310.50 -70.34 592.17 47.25 137.25 820.50 182.25 317.25 484.50 7.12 391.50 2,946.97


6050 · Space Rental & Concessions 849.50 0.00 0.00 0.00 0.00 0.00 0.00 862.50 1,036.99 0.00 0.00 0.00 2,748.99

6090 · Miscellaneous Income 0.00 0.00 0.00 0.00 0.00 2,205.11 1,035.28 0.00 0.00 0.00 0.00 0.00 3,240.39

Total 6000 · Revenue 62,485.89 90,901.73 113,868.05 105,439.80 104,547.19 89,189.82 116,672.92 106,723.34 94,757.78 107,445.57 94,469.72 76,561.39 1,163,063.20

Total Income 62,485.89 90,901.73 113,868.05 105,439.80 104,547.19 89,189.82 116,672.92 106,723.34 94,757.78 107,445.57 94,469.72 76,561.39 1,163,063.20

Gross Profit 62,485.89 90,901.73 113,868.05 105,439.80 104,547.19 89,189.82 116,672.92 106,723.34 94,757.78 107,445.57 94,469.72 76,561.39 1,163,063.20

Expense

7200 · Supplies

7205 · Guest Supplies 1,017.69 0.00 175.20 1,442.02 1,286.53 719.14 1,191.48 1,019.12 2,248.99 2,766.73 1,251.70 928.44 14,047.04

7206 · Guest Entertainment-Relations 0.00 0.00 25.00 0.00 0.00 0.00 0.00 30.00 0.00 0.00 0.00 0.00 55.00

7210 · Cleaning Supplies 850.96 451.04 19.17 694.18 193.32 652.61 587.06 489.65 922.25 608.25 265.62 237.33 5,971.44

Total 7200 · Supplies 1,868.65 451.04 219.37 2,136.20 1,479.85 1,371.75 1,778.54 1,538.77 3,171.24 3,374.98 1,517.32 1,165.77 20,073.48

7220 · Linens 366.78 480.51 1,513.34 3,492.54 3,210.60 1,648.74 1,943.63 1,268.84 1,116.83 1,823.24 1,460.85 0.00 18,325.90



8010.10 · A & P - Office Supplies 108.32 52.99 186.42 164.05 170.92 68.66 89.30 0.00 0.00 152.11 15.48 5.53 1,013.78

8010.15 · A & P - Postage 52.22 0.00 16.77 13.56 6.92 7.19 49.63 0.00 0.00 7.58 7.63 23.28 184.78


8010.25 · A & P - Signs 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 1,865.00 3,596.60 24,111.60


8010.35 · A & P - USFA Marketing Asses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 650.00 0.00 0.00 0.00 650.00

8010.40 · A & P - Free Breakfast 3,312.29 4,371.96 5,731.87 4,445.53 5,919.67 6,271.63 5,772.21 7,877.42 4,253.24 7,000.09 4,317.56 4,829.24 64,102.71

8010.45 · A & P - Special Promotions 46.57 0.00 0.00 0.00 70.75 4.24 0.00 0.00 0.00 0.00 0.00 0.00 121.56

8010.50 · A & P - Amenities 0.00 40.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.52

8010.60 · A & P - Travel 0.00 0.00 0.00 0.00 0.00 5.80 0.00 0.00 0.00 0.00 0.00 0.00 5.80

8010.70 · A & P - Trade Show 0.00 0.00 0.00 155.40 15.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 171.25

8010 · Advertising and Promotion (A&P) - Other 0.00 0.00 340.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 340.00


8020 · Amortization Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,835.00 5,835.00

8025 · Appraisal Fees 0.00 -347.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -347.22

8050 · Bank Service Charges 0.00 7.87 8.46 111.37 6.35 7.23 13.16 2.92 0.00 -34.19 9.00 -0.24 131.93

8053 · Cash Over & Short 0.00 -0.30 -11.63 0.00 0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -11.77


8065.10 · Pool Maintenance 292.50 779.46 315.99 385.83 808.52 1,176.12 494.95 1,040.96 672.11 928.20 298.88 519.05 7,712.57

8065.20 · Contract Services 220.00 220.00 1,910.40 220.00 4,428.00 220.00 220.00 4,379.00 1,800.37 220.00 220.00 1,040.00 15,097.77

8065.30 · Laundry Repairs 0.00 27.12 0.00 446.05 0.00 2,479.51 50.68 0.00 0.00 0.00 0.00 0.00 3,003.36

8065 · Contract Labor - Other 1,590.00 0.00 0.00 0.00 2,375.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,965.78

Total 8065 · Contract Labor 2,102.50 1,026.58 2,226.39 1,051.88 7,612.30 3,875.63 765.63 5,419.96 2,472.48 1,148.20 518.88 1,559.05 29,779.48

8068 · Commissions 1,739.12 876.89 857.19 2,362.96 1,736.35 3,974.41 3,488.16 4,613.79 4,991.33 5,085.37 5,994.98 5,218.01 40,938.56

8071 · Building

8071.05 · Building - Lightbulbs 0.00 0.00 429.73 0.00 0.00 572.73 463.88 0.00 228.98 0.00 564.17 738.85 2,998.34

8071.10 · Building Maintenance 60.00 0.00 275.87 820.77 81.73 940.34 433.75 2,275.92 285.87 19.84 500.00 240.00 5,934.09

8071.15 · Buildig Maintenance - Painting 50.27 38.05 0.00 0.00 0.00 0.00 0.00 0.00 51.00 0.00 0.00 0.00 139.32

8071.20 · Building - HVAC Repairs 0.00 0.00 0.00 1,327.50 219.30 170.00 1,908.83 170.75 86.00 927.99 1,828.83 0.00 6,639.20

8071.25 · Building - Plumbing 75.00 237.40 2,375.00 0.00 328.08 34.22 482.54 127.50 252.27 0.00 0.00 401.69 4,313.70

8071.30 · Building - Laundry Equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,658.59 0.00 80.00 1,738.59

8071.40 · Furniture & Equipment Repair 0.00 0.00 0.00 1,487.30 0.00 1,540.80 0.00 334.49 0.00 1,934.58 0.00 7.20 5,304.37


6.SECTION(cont.)




Page 2 of 3


8071.45 · Building - Life and Safety 1,212.56 950.00 301.90 134.09 25.00 68.86 25.00 215.84 95.89 30.00 5.00 801.29 3,865.43

8071.50 · Elevators & Escalators 150.00 0.00 0.00 0.00 2,486.25 1,933.75 0.00 140.00 0.00 726.07 8,750.00 2,550.00 16,736.07

8071.55 · Engineering Supplies 0.00 0.00 58.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.93 0.00 76.09

8071.60 · Electrical & Mechanical 1,273.24 1,511.59 874.69 240.64 447.87 297.98 500.24 195.04 1,080.03 0.00 675.04 437.52 7,533.88

8071.65 · Keys and Locks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.01 17.25 0.00 0.00 24.26

Total 8071 · Building 2,821.07 2,737.04 4,315.35 4,010.30 3,588.23 5,558.68 3,814.24 3,459.54 2,087.05 5,314.32 12,340.97 5,256.55 55,303.34


8075 · Corporate Office Reimbursables 146.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 309.46 145.70 181.51 782.79

8078 · Credit Card Expense

8078.10 · Credit Card Commission 1,078.89 1,765.45 2,549.07 2,247.25 2,253.03 22.73 1,801.60 2,613.49 2,556.27 2,104.34 2,495.01 2,517.08 24,004.21

Total 8078 · Credit Card Expense 1,078.89 1,765.45 2,549.07 2,247.25 2,253.03 22.73 1,801.60 2,613.49 2,556.27 2,104.34 2,495.01 2,517.08 24,004.21


8080.10 · Depreciation Exp - Bldgs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77,560.00 77,560.00

8080.20 · Depreciation Exp - Improvements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15,193.00 15,193.00

8080.25 · Depreciation Exp - Signs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,666.00 13,666.00

8080.30 · Depreciation Exp - Pool 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,247.00 3,247.00

8080.35 · Depreciation Exp - Furn & Equip 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22,936.00 22,936.00

8080.40 · Depreciation soft costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21,533.00 21,533.00

Total 8080 · Depreciation Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 154,135.00 154,135.00

8085 · Dues and Subscriptions 0.00 156.00 120.14 0.00 0.00 0.00 0.00 0.00 0.00 405.00 0.00 0.00 681.14

8092 · Franchise Advertising 0.00 0.00 0.00 6,237.54 3,054.03 2,705.03 3,267.27 0.00 2,840.38 0.00 0.00 0.00 18,104.25

8093 · Franchise Fees 5,921.27 3,934.77 9,916.95 3,074.18 6,177.10 5,130.10 6,816.80 9,314.45 5,536.14 9,839.17 8,732.70 7,039.11 81,432.74


8099 · Employee Relations 80.00 0.00 410.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.00 332.14 862.14

8100 · Insurance

8100.01 · Insurance - Liability 0.00 0.00 0.00 2,175.35 0.00 8,250.00 0.00 17,500.00 0.00 0.00 0.00 0.00 27,925.35

8100.05 · Work Comp 394.15 409.82 423.52 935.15 446.09 365.18 652.95 460.52 433.87 428.06 422.83 453.77 5,825.91

Total 8100 · Insurance 394.15 409.82 423.52 3,110.50 446.09 8,615.18 652.95 17,960.52 433.87 428.06 422.83 453.77 33,751.26

8105 · Guest Relocation 0.00 911.21 0.00 0.00 17.26 50.00 70.61 0.00 0.00 10.80 53.63 0.00 1,113.51

8115 · Grounds and Landscaping 1,170.00 580.00 580.00 580.00 580.00 580.00 580.00 611.50 640.00 1,210.00 580.00 580.00 8,271.50

8123 · Information Systems 1,668.15 1,840.29 1,825.86 1,575.91 1,575.91 1,688.96 1,575.41 2,566.28 1,985.97 2,198.90 1,735.97 2,159.27 22,396.88

8135 · Laundry 576.82 44.64 -399.00 778.85 292.03 650.45 500.58 524.47 311.57 313.72 302.32 323.09 4,219.54

8140 · Office Supplies 45.95 0.00 1,002.14 1,117.84 0.00 1,018.70 222.26 672.72 178.11 1,109.41 794.78 -18.11 6,143.80

8155 · Personnel 0.00 115.00 0.00 50.72 115.96 0.00 100.00 100.33 276.12 149.77 0.00 0.00 907.90

8160 · Miscellaneous Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

8165 · Pest Control 121.30 196.30 121.30 1,518.60 768.10 0.00 739.20 249.88 121.30 757.98 414.94 199.94 5,208.84

8170 · Postage and Delivery

8170.05 · Postage/Delivery - Regular 101.43 79.81 138.02 125.96 76.69 115.39 178.86 49.52 65.53 107.83 61.43 42.20 1,142.67

Total 8170 · Postage and Delivery 101.43 79.81 138.02 125.96 76.69 115.39 178.86 49.52 65.53 107.83 61.43 42.20 1,142.67

8174 · Printing and Stationary 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80.33 0.00 0.00 0.00 0.00 80.33

8180 · Equipment Rental 0.00 0.00 0.00 72.45 0.00 0.00 0.00 143.78 0.00 0.00 0.00 0.00 216.23

8195 · Rent 0.00 0.00 0.00 0.00 0.00 386.30 0.00 -386.30 0.00 0.00 0.00 0.00 0.00

8200 · Reservation Expense 648.22 384.69 445.40 969.74 743.88 676.73 671.89 693.61 1,024.75 660.95 544.61 693.90 8,158.37

8215 · License and Permits 0.00 0.00 0.00 0.00 0.00 225.00 0.00 0.00 0.00 0.00 0.00 0.00 225.00

8220 · Supplies - Engineering 0.00 0.00 0.00 0.00 315.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 315.12


8230.10 · Property Tax - Hotel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18,075.29 0.00 31,386.45 49,461.74

8230.15 · Property Tax - Outparcel 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,380.76 0.00 2,071.14 3,451.90

8230.20 · Personal Property Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,534.63 0.00 5,301.96 8,836.59

8230.25 · Occupational Tax 0.00 0.00 1,694.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,694.63

8230 · Taxes & Licenses - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 980.50 0.00 0.00 980.50

Total 8230 · Taxes & Licenses 0.00 0.00 1,694.63 0.00 0.00 0.00 0.00 0.00 0.00 23,971.18 0.00 38,759.55 64,425.36

8235 · Training 0.00 313.02 1,800.66 757.12 1,283.48 -29.41 0.00 0.00 1,062.00 183.00 498.81 0.00 5,868.68

8250 · Travel

8250.10 · Travel - Other 0.00 0.00 0.00 172.31 0.00 210.82 0.00 -15.85 102.02 0.00 16.86 14.02 500.18

8250.20 · Travel - Meals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 86.77 0.00 0.00 5.08 91.85

8250 · Travel - Other 0.00 0.00 0.00 0.00 0.00 121.89 0.00 0.00 0.00 0.00 0.00 0.00 121.89

Total 8250 · Travel 0.00 0.00 0.00 172.31 0.00 332.71 0.00 -15.85 188.79 0.00 16.86 19.10 713.92

8255 · Uniforms 0.00 0.00 48.95 0.00 6.29 443.41 343.15 260.81 462.90 198.12 87.95 0.00 1,851.58

8260 · Utilities


6.SECTION(cont.)




Page 3 of 3


8260.01 · Electric 4,557.85 4,565.31 4,571.54 4,596.60 4,822.04 5,293.02 5,800.81 6,152.47 5,547.88 5,134.27 4,801.90 4,582.65 60,426.34

8260.02 · Gas 474.74 675.56 717.28 775.91 428.25 425.26 378.09 388.63 409.75 471.40 526.80 521.86 6,193.53

8260.03 · Water 0.00 711.04 711.04 1,861.23 1,138.55 1,154.79 1,081.71 1,260.35 1,097.95 992.39 1,146.67 1,374.03 12,529.75

8260.04 · Guest Cable/Satellite TV 988.15 2,462.81 1,869.76 1,753.22 876.61 2,474.69 876.61 881.61 876.61 1,758.22 1,019.61 876.61 16,714.51

8260.06 · Telephone 50.00 50.00 50.00 7.37 50.00 0.00 50.00 0.00 50.00 -50.00 50.00 50.00 357.37

8260.07 · Cost of Long Distance 617.92 630.02 703.52 716.19 718.77 719.32 721.38 723.96 721.38 720.90 723.42 720.85 8,437.63

8260.10 · Waste Removal (Trash) 1,248.33 260.00 260.00 260.00 260.00 260.00 260.00 260.00 260.00 0.00 260.00 260.00 3,848.33

Total 8260 · Utilities 7,936.99 9,354.74 8,883.14 9,970.52 8,294.22 10,327.08 9,168.60 9,667.02 8,963.57 9,027.18 8,528.40 8,386.00 108,507.46

8405 · Management Fees Sky Hospitality

8405.10 · Sky Hospitality Mgmt Fee 2010 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,800.00 0.00 0.00 0.00 3,800.00

8405 · Management Fees Sky Hospitality - Other 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 0.00 3,800.00 3,800.00 3,800.00 41,800.00

Total 8405 · Management Fees Sky Hospitality 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 3,800.00 45,600.00

8425 · Management Fee Archer Propertie

8425.11 · Archer Properties 2011 2% Mgmt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,250.00 0.00 0.00 0.00 0.00 1,250.00

Total 8425 · Management Fee Archer Propertie 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,250.00 0.00 0.00 0.00 0.00 1,250.00

8500 · Salaries

8500.01 · Salaries - General Manager 4,061.61 3,646.16 3,998.07 3,998.07 3,822.11 3,633.45 4,893.84 3,895.03 5,905.61 4,246.95 3,719.08 4,324.23 50,144.21

8500.03 · Salaries - Assistant Manager 2,117.94 2,100.00 2,358.02 2,358.01 2,229.01 2,358.01 2,246.95 2,229.01 2,379.01 362.68 1,850.97 2,341.62 24,931.23

8500.05 · Salaries - Guest Svc/Front Desk 4,807.25 4,485.23 4,270.38 4,177.35 4,321.15 4,109.83 4,801.43 4,755.96 4,098.00 5,050.91 4,637.38 4,222.13 53,737.00

8500.10 · Salaraies - Room Attend/Hskping 2,894.99 4,711.99 4,981.80 5,044.82 4,947.11 3,463.28 5,556.17 5,012.59 3,874.37 4,841.99 4,526.39 3,093.70 52,949.20

8500.15 · Salaries - Maintenance 1,184.73 1,059.07 1,460.31 1,256.77 1,073.95 1,098.42 1,165.10 1,137.60 1,166.44 1,170.47 1,083.35 1,257.82 14,114.03

8500.25 · Payroll Taxes & Benefits 3,788.43 1,861.95 1,784.83 1,813.50 1,647.75 2,121.37 3,001.10 1,588.42 1,660.47 1,581.01 1,532.89 2,231.12 24,612.84

8500.30 · Payroll Processing Expense 847.42 443.10 428.33 490.77 446.33 508.64 730.19 475.87 493.87 731.37 529.10 479.10 6,604.09

8500.35 · Employee Incentives Program 750.00 780.00 795.00 1,450.00 1,263.00 1,130.10 1,254.00 912.00 1,766.80 1,546.00 882.00 3,489.12 16,018.02


8500.45 · Salaries - Breakfast Attendant 770.51 2,054.28 824.76 74.75 731.20 818.10 830.98 894.00 816.42 905.10 903.68 1,055.43 10,679.21

8500.70 · Salaries - Night Auditor 3,128.00 224.00 2,424.61 2,555.39 2,503.20 2,449.60 2,490.40 2,536.78 2,412.40 2,895.10 2,110.50 2,478.40 28,208.38

8500.90 · Employee Recruitment 0.00 0.00 49.95 -24.95 60.00 0.00 30.95 0.00 15.00 15.00 0.00 40.00 185.95

Total 8500 · Salaries 25,550.88 22,565.78 24,576.06 25,025.43 24,244.81 22,890.80 28,201.11 24,637.26 25,788.39 24,546.58 22,975.34 26,212.67 297,215.11


8600.03 · Gen Off - Accounting Fees 0.00 0.00 1,095.50 57.50 170.00 0.00 0.00 0.00 150.00 0.00 161.00 0.00 1,634.00


8600.20 · Gen Off - License & Permits 0.00 0.00 300.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 300.00

8600.21 · Gen Office-SWCPI Mgmt Fees 0.00 0.00 0.00 1,400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,400.00

8600.45 · Gen Off - Travel 0.00 0.00 104.49 10.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 114.49

8600.55 · Gen Off - Owners Training/Exp 0.00 0.00 0.00 1,095.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,095.00

8600.65 · Gen Off - Rent Expense 0.00 1,060.00 1,780.00 530.00 1,060.00 530.00 0.00 0.00 530.00 0.00 0.00 8,030.00 13,520.00

Total 8600 · General Office Expense 12.00 1,072.00 3,279.99 3,104.50 1,242.00 542.00 12.00 12.00 692.00 0.00 161.00 8,030.00 18,159.49

Total Expense 66,366.00 65,448.42 81,215.89 87,929.66 84,258.39 88,613.91 81,288.01 104,024.44 80,297.44 109,927.33 83,432.37 283,901.86 1,216,703.72

Net Ordinary Income -3,880.11 25,453.31 32,652.16 17,510.14 20,288.80 575.91 35,384.91 2,698.90 14,460.34 -2,481.76 11,037.35 -207,340.47 -53,640.52


Other Income

8690 · CBS Outdoor Sign Lease Income 0.00 13,125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,125.00


Other Expense


8120.01 · Interest (Hudson Cap $4.5 Mil) 0.00 -6,744.54 0.00 18,000.00 18,000.00 0.00 10,820.14 0.00 18,000.00 0.00 0.00 0.00 58,075.60

8120.02 · Interest (Hudson Cap 1/2 AC OP) 0.00 7,287.96 0.00 1,791.51 4,914.66 0.00 1,719.51 0.00 1,719.51 1,082.63 0.00 -5,859.35 12,656.43

Total 8120 · Interest Expense 0.00 543.42 0.00 19,791.51 22,914.66 0.00 12,539.65 0.00 19,719.51 1,082.63 0.00 -5,859.35 70,732.03

9050 · Offset Rented Room 2.00 0.00 4.00 62.00 102.00 499.25 106.00 69.00 84.00 68.00 0.00 20.00 1,016.25

9150 · Available Rooms Offset -1,446.29 -1,763.36 -1,864.17 -1,759.05 -1,849.85 -1,638.75 -1,758.00 -1,472.50 -1,268.00 -1,513.25 -1,272.25 -1,141.25 -18,746.72

Total Other Expense -1,444.29 -1,219.94 -1,860.17 18,094.46 21,166.81 -1,139.50 10,887.65 -1,403.50 18,535.51 -362.62 -1,272.25 -6,980.60 53,001.56

Net Other Income 1,444.29 14,344.94 1,860.17 -18,094.46 -21,166.81 1,139.50 -10,887.65 1,403.50 -18,535.51 362.62 1,272.25 6,980.60 -39,876.56

-2,435.82 39,798.25 34,512.33 -584.32 -878.01 1,715.41 24,497.26 4,102.40 -4,075.17 -2,119.14 12,309.60 -200,359.87 -93,517.08


6.SECTION(cont.)




Page 1 of 4


Rooms Available 2418 2262 2418 2340 2418 2340 2418 2418 2340 2418 2340 2418 28,548

Rooms Occupied 1047 1417 1626 1264 1319 1450 1600 1564 1513 1523 1356 988 16,667

Occupancy % 43.30% 62.64% 67.25% 54.02% 54.55% 61.97% 66.17% 64.68% 64.66% 62.99% 57.95% 40.86% 58.38%

ADR $61.08 $63.10 $67.78 $71.79 $73.53 $65.43 $64.28 $63.02 $59.62 $63.92 $62.94 $59.02 $64.45


Income

6000 · Revenue

6005 · Room Revenues 63,945.72 89,406.69 109,858.66 16,333.06 21,858.52 15,729.65 17,548.13 20,414.99 15,613.24 61,897.74 21,135.67 8,936.44 462,678.51

6010 · Board Room Revenue 1,121.14 836.69 525.00 810.00 895.00 935.00 799.20 600.00 725.00 550.00 528.00 225.00 8,550.03

6015 · No Show Income 0.00 0.00 0.00 689.39 1,475.31 466.99 252.13 1,039.01 122.68 0.00 0.00 0.00 4,045.51

6020 · Telephone Revenues 0.00 0.00 0.00 0.00 0.00 0.00 765.57 0.00 0.00 0.00 0.00 0.00 765.57

6025 · Revenue - Vendor Commissions 485.00 350.00 1,592.87 206.80 179.88 223.17 128.57 207.86 213.96 208.34 174.92 173.38 4,144.75

6030 · Sales Tax Commission 753.24 530.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 440.90 461.28 0.00 2,185.81

6035 · Revenue - Safe Rental 471.55 642.00 144.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,306.50 889.50 3,454.03


6045 · Pet Fees Income 0.00 0.00 200.00 575.00 500.00 500.00 525.00 500.00 450.00 725.00 200.00 200.00 4,375.00

6055 · Coffee Break 0.00 0.00 450.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 450.00

6060 · Corp Pref Local 0.00 0.00 0.00 10,300.51 14,669.82 7,598.33 539.99 8,149.54 10,898.05 3,542.89 7,662.03 8,012.26 71,373.42

6065 · Qualified Discounts 0.00 0.00 0.00 62,843.00 58,479.91 70,584.85 83,979.89 68,452.51 63,116.21 31,186.55 56,352.88 41,160.19 536,155.99

6070 · Cash Overages/Shorts 0.00 0.00 0.00 77.70 -316.68 5.57 -20.38 0.00 0.00 0.00 0.00 0.00 -253.79

6090 · Miscellaneous Income 0.00 0.00 1,016.00 1,784.47 1,127.46 1,657.34 2,325.50 1,561.55 1,065.00 1,441.50 0.00 0.00 11,978.82

Total 6000 · Revenue 66,779.65 91,773.77 113,792.01 93,621.93 98,884.22 97,700.90 106,843.60 100,925.46 92,204.14 99,992.92 87,821.28 59,596.77 1,109,936.65

Total Income 66,779.65 91,773.77 113,792.01 93,621.93 98,884.22 97,700.90 106,843.60 100,925.46 92,204.14 99,992.92 87,821.28 59,596.77 1,109,936.65

Gross Profit 66,779.65 91,773.77 113,792.01 93,621.93 98,884.22 97,700.90 106,843.60 100,925.46 92,204.14 99,992.92 87,821.28 59,596.77 1,109,936.65

Expense

7200 · Supplies

7205 · Guest Supplies 357.02 173.38 664.17 2,886.95 -218.69 3,908.07 110.12 1,240.35 285.90 0.00 0.00 0.00 9,407.27

7206 · Guest Entertainment-Relations 0.00 0.00 333.55 0.00 0.00 0.00 567.39 0.00 284.75 0.00 0.00 0.00 1,185.69

7210 · Cleaning Supplies 400.32 386.88 466.84 418.01 -418.01 494.79 0.00 247.20 49.87 18.11 0.00 278.99 2,343.00

7200 · Supplies - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 7200 · Supplies 757.34 560.26 1,464.56 3,304.96 -636.70 4,402.86 677.51 1,487.55 620.52 18.11 0.00 278.99 12,935.96

7220 · Linens 0.00 0.00 42.58 -42.58 0.00 0.00 916.61 91.69 0.00 397.76 0.00 0.00 1,406.06



8010.10 · A & P - Office Supplies 58.66 320.00 715.94 -560.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 534.42

8010.15 · A & P - Postage 7.64 12.37 30.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.47


8010.25 · A & P - Signs 0.00 1,898.30 1,831.63 1,564.97 0.00 1,698.30 0.00 8,491.50 -2,805.60 -591.00 1,698.30 1,698.30 15,484.70


8010.35 · A & P - USFA Marketing Asses 1,898.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,898.30

8010.40 · A & P - Free Breakfast 3,699.32 4,295.65 3,001.98 6,638.34 2,402.78 6,270.73 7,712.87 4,998.92 4,042.85 4,720.18 5,885.44 482.14 54,151.20

8010.45 · A & P - Special Promotions 0.00 0.00 15.94 19.80 0.00 640.00 0.00 108.37 0.00 0.00 0.00 -768.48 15.63

8010.70 · A & P - Trade Show 132.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 132.00

8010.75 · A & P - Production (Advertising 0.00 0.00 320.00 0.00 0.00 0.00 0.00 0.00 320.00 0.00 195.00 220.59 1,055.59

8010 · Advertising and Promotion (A&P) - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 691.68 691.68


8020 · Amortization Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 119.04 119.04 119.04 119.04 119.04 595.20

8050 · Bank Service Charges 10.00 10.00 6.67 149.49 -359.12 30.00 29.00 25.00 34.00 110.06 107.35 921.34 1,073.79

8053 · Cash Over & Short 0.00 0.00 0.00 0.00 0.00 0.00 0.00 130.03 -0.01 1,107.13 334.62 0.00 1,571.77

8060 · Casual Labor 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


8065.10 · Pool Maintenance 320.26 289.70 327.64 0.00 113.72 731.94 709.78 0.00 0.00 0.00 0.00 0.00 2,493.04

8065.20 · Contract Services 220.00 445.00 220.00 220.00 -220.00 0.00 127.50 1,774.00 0.00 0.00 1,369.01 650.00 4,805.51

8065 · Contract Labor - Other 0.00 0.00 650.00 122.50 1,300.00 650.00 0.00 0.00 1,340.00 650.00 0.00 0.00 4,712.50

Total 8065 · Contract Labor 540.26 734.70 1,197.64 342.50 1,193.72 1,381.94 837.28 1,774.00 1,340.00 650.00 1,369.01 650.00 12,011.05

8068 · Commissions 3,919.34 1,198.24 2,688.43 482.16 9,756.60 6,797.14 4,355.24 3,267.35 4,279.31 5,494.76 5,306.01 4,222.89 51,767.47

8069 · Cash Discount 0.00 0.00 0.00 -714.68 -553.99 -237.35 -452.16 -478.66 -463.81 0.00 0.00 0.00 -2,900.65

8071 · Building

8071.05 · Building - Lightbulbs 179.31 119.82 0.00 0.00 0.00 476.82 0.00 38.08 15.08 0.00 0.00 0.00 829.11


6.SECTION(cont.)




Page 2 of 4


8071.10 · Building Maintenance 309.98 660.00 0.00 0.00 260.00 -260.00 0.00 0.00 0.00 32.06 0.00 0.78 1,002.82

8071.20 · Building - HVAC Repairs 276.00 134.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,957.50 0.00 0.00 3,367.88

8071.25 · Building - Plumbing 109.32 0.00 147.20 0.00 255.00 29.27 190.00 855.21 56.14 7.01 275.00 610.79 2,534.94

8071.30 · Building - Laundry Equipment 0.00 0.00 0.00 0.00 0.00 52.21 0.00 600.00 0.00 0.00 0.00 0.00 652.21

8071.40 · Furniture & Equipment Repair 0.00 0.00 0.00 171.89 1,209.60 4,414.24 0.00 0.00 259.42 1,462.46 0.00 1,726.78 9,244.39

8071.45 · Building - Life and Safety -95.02 1,382.34 951.60 0.00 494.50 1,200.00 130.20 87.50 62.50 130.20 105.20 25.00 4,474.02

8071.50 · Elevators & Escalators 0.00 0.00 2,339.31 0.00 0.00 0.00 0.00 605.31 0.00 0.00 605.31 0.00 3,549.93

8071.55 · Engineering Supplies 42.50 171.65 71.38 -71.38 0.00 0.00 0.00 49.05 0.00 3.23 0.00 0.00 266.43

8071.60 · Electrical & Mechanical 312.76 508.84 0.00 0.00 720.00 0.00 0.00 65.00 0.00 0.00 686.00 0.00 2,292.60

8071.65 · Keys and Locks 0.00 0.00 0.00 0.00 0.00 0.00 1,177.88 0.00 0.00 0.00 0.00 0.00 1,177.88

8071.70 · Floor Covering 540.43 0.00 0.00 295.00 0.00 0.00 0.00 0.00 365.15 0.00 0.00 0.00 1,200.58

8071.80 · Painting 0.00 0.00 0.00 480.00 0.00 0.00 0.00 0.00 11.20 58.62 0.00 0.00 549.82

8071.85 · Equipment Purchase 0.00 0.00 0.00 0.00 0.00 0.00 50.85 0.00 0.00 0.00 0.00 374.50 425.35

8071.90 · Locking Devices 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,177.88 0.00 0.00 2,265.75 0.00 1,087.87

Total 8071 · Building 1,675.28 2,977.03 3,509.49 875.51 2,939.10 5,912.54 1,548.93 1,122.27 769.49 4,651.08 3,937.26 2,737.85 32,655.83


8078 · Credit Card Expense

8078.05 · Credit Chargebacks 0.00 0.00 0.00 411.63 743.46 351.52 62.45 342.94 0.00 340.13 692.79 424.46 3,369.38

8078.10 · Credit Card Commission 1,736.98 1,614.76 2,537.92 4,697.79 0.00 2,712.66 2,797.70 2,846.84 0.00 0.00 2,869.59 2,399.19 24,213.43

8078 · Credit Card Expense - Other 0.00 0.00 0.00 0.00 508.46 0.00 0.00 0.00 2,883.17 2,805.79 0.00 0.00 6,197.42

Total 8078 · Credit Card Expense 1,736.98 1,614.76 2,537.92 5,109.42 1,251.92 3,064.18 2,860.15 3,189.78 2,883.17 3,145.92 3,562.38 2,823.65 33,780.23


8080.10 · Depreciation Exp - Bldgs 0.00 0.00 87.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 87.63

8080.35 · Depreciation Exp - Furn & Equip 0.00 0.00 683.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 683.47

Total 8080 · Depreciation Expense 0.00 0.00 771.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 771.10

8084 · Direct Mail 1.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.32

8085 · Dues and Subscriptions 0.00 156.00 0.00 0.00 153.20 76.60 76.60 76.60 655.01 220.50 637.75 -86.33 1,965.93

8091 · Central Marketing (Franchise 0.00 0.00 1,129.64 2,222.47 2,758.24 1,345.69 1,020.65 955.88 879.70 -1,691.10 859.59 -31.00 9,449.76

8093 · Franchise Fees 6,110.65 8,207.53 1,278.91 3,727.23 10,198.70 5,822.77 8,904.88 7,691.04 4,552.51 3,428.37 6,246.35 1,465.97 67,634.91


8098 · Furniture 0.00 0.00 0.00 0.00 0.00 0.00 125.49 0.00 0.00 0.00 0.00 0.00 125.49

8100 · Insurance

8100.01 · Insurance - Liability 0.00 8,750.00 59.83 59.83 59.83 59.83 3,128.83 2,916.67 2,916.67 2,916.67 2,916.67 3,038.08 26,822.91

8100.02 · Insurance - Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 277.99 135.48 189.95 207.14 147.57 958.13

8100.05 · Work Comp 792.53 528.68 299.93 529.45 0.00 0.00 0.00 4,847.27 969.45 969.45 969.45 968.55 10,874.76

Total 8100 · Insurance 792.53 9,278.68 359.76 589.28 59.83 59.83 3,128.83 8,041.93 4,021.60 4,076.07 4,093.26 4,154.20 38,655.80

8105 · Guest Relocation 0.00 91.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91.65

8115 · Grounds and Landscaping 580.00 2,209.84 1,239.93 -659.93 610.00 550.00 580.00 580.00 580.00 580.00 1,934.00 743.04 9,526.88

8123 · Information Systems 1,879.24 1,932.28 2,022.98 682.96 1,264.12 450.83 846.35 648.16 850.24 0.00 0.00 2,037.72 12,614.88

8130 · Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,000.00 10,000.00

8135 · Laundry 332.60 17.28 306.19 218.69 0.00 984.62 0.00 586.36 255.63 8.53 0.00 120.38 2,830.28

8140 · Office Supplies 1,542.52 308.96 0.00 558.04 3,097.98 1,073.45 2,343.09 836.66 -26.99 2,043.22 0.00 0.00 11,776.93

8150 · Outside Services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,000.00 2,000.00

8153 · Penalities - Interest 0.00 0.00 0.00 0.00 94.81 0.00 0.00 189.50 705.34 87.13 824.91 67.75 1,969.44

8155 · Personnel 0.00 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.00

8160 · Miscellaneous Expense 0.00 0.00 0.00 0.00 98.03 -38.57 0.00 0.00 0.00 0.00 0.00 0.00 59.46

8165 · Pest Control 369.60 1,164.14 536.25 -461.25 0.00 2,587.90 128.69 203.69 128.69 11.32 128.69 150.00 4,947.72

8167 · Photocopy Expense 0.00 0.00 0.00 0.00 0.00 0.00 64.97 0.00 0.00 0.00 0.00 0.00 64.97

8170 · Postage and Delivery

8170.05 · Postage/Delivery - Regular 34.26 36.40 94.92 129.32 62.79 40.56 31.76 10.14 11.91 9.70 10.14 10.14 482.04

8170.10 · Postage/Delivery - Express 0.00 0.00 0.00 0.00 0.00 0.00 41.14 36.00 56.25 39.86 38.57 -12.86 198.96

Total 8170 · Postage and Delivery 34.26 36.40 94.92 129.32 62.79 40.56 72.90 46.14 68.16 49.56 48.71 -2.72 681.00

8177 · Hotel Management Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 748.57 623.57 0.00 1,372.14

8195 · Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,025.71 0.00 0.00 0.00 0.00 6,025.71

8197 · Recreation Repairs/Supplies 0.00 0.00 0.00 0.00 0.00 0.00 686.65 0.00 823.42 1,627.86 0.00 0.00 3,137.93

8200 · Reservation Expense 445.16 249.15 737.75 1,306.09 3,616.24 2,216.77 1,832.50 2,927.83 989.55 698.10 800.75 1,604.30 17,424.19

8215 · License and Permits 0.00 0.00 0.00 147.61 148.05 -1,478.56 573.05 148.05 194.80 148.05 148.05 60.00 89.10


8230.10 · Property Tax - Hotel 0.00 0.00 0.00 694.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46,000.00 46,694.42

8230.15 · Property Tax - Outparcel 0.00 0.00 0.00 369.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 369.62

8230.20 · Personal Property Tax 0.00 0.00 0.00 823.55 0.00 0.00 0.00 0.00 2,272.71 2,272.71 2,272.71 2,272.71 9,914.39

Total 8230 · Taxes & Licenses 0.00 0.00 0.00 1,887.59 0.00 0.00 0.00 0.00 2,272.71 2,272.71 2,272.71 48,272.71 56,978.43


6.SECTION(cont.)




Page 3 of 4


8235 · Training 851.00 0.00 0.00 5.40 229.80 0.00 0.00 0.00 0.00 310.00 250.00 250.00 1,896.20

8250 · Travel

8250.10 · Travel - Other 249.16 0.00 84.52 771.29 0.00 355.13 1,096.13 510.61 -173.44 628.10 0.00 500.00 4,021.50

8250.20 · Travel - Meals 4.39 0.00 0.00 152.99 0.00 154.83 128.06 59.97 -32.29 42.15 0.00 0.00 510.10

Total 8250 · Travel 253.55 0.00 84.52 924.28 0.00 509.96 1,224.19 570.58 -205.73 670.25 0.00 500.00 4,531.60

8255 · Uniforms 0.00 0.00 240.78 0.00 0.00 0.00 0.00 0.00 331.18 0.00 0.00 66.85 638.81

8260 · Utilities

8260.01 · Electric 4,748.69 4,639.12 4,693.91 4,693.91 7,012.13 -853.04 12,322.64 5,692.67 5,202.22 5,511.78 4,730.22 4,475.26 62,869.51

8260.02 · Gas 584.16 479.81 531.99 762.44 564.10 1,639.89 -241.09 536.73 747.10 179.47 169.82 476.07 6,430.49

8260.03 · Water 1,648.78 1,052.38 928.18 1,209.78 1,413.21 1,317.58 1,481.15 1,691.97 1,345.92 738.58 2,803.83 1,405.10 17,036.46

8260.04 · Guest Cable/Satellite TV 876.61 941.99 303.10 707.23 -848.21 1,015.86 2,459.50 1,300.60 1,300.60 849.35 1,300.60 386.30 10,593.53

8260.06 · Telephone 50.00 50.00 122.44 2,680.58 253.82 697.34 803.87 2,670.87 2,012.16 773.07 1,551.56 1,159.03 12,824.74

8260.07 · Cost of Long Distance 774.79 774.79 3.53 52.83 -52.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,553.11

8260.10 · Waste Removal (Trash) 260.00 260.00 260.00 0.00 520.00 260.00 260.00 260.00 260.00 0.00 0.00 260.00 2,600.00

8260.15 · Internet 0.00 0.00 568.86 481.35 158.81 277.85 -3.71 0.00 0.00 403.77 119.41 119.41 2,125.75

Total 8260 · Utilities 8,943.03 8,198.09 7,412.01 10,588.12 9,021.03 4,355.48 17,082.36 12,152.84 10,868.00 8,456.02 10,675.44 8,281.17 116,033.59

8405 · Management Fees Sky Hospitality

8405.16 · Sky Hospitality Mgmt Fee - 2016 0.00 0.00 0.00 3,800.00 4,967.40 3,952.00 3,952.00 0.00 4,947.00 3,952.00 3,952.00 3,952.00 33,474.40

8405 · Management Fees Sky Hospitality - Other 3,800.00 3,800.00 0.00 0.00 0.00 0.00 0.00 3,952.00 0.00 6,945.00 995.00 0.00 19,492.00

Total 8405 · Management Fees Sky Hospitality 3,800.00 3,800.00 0.00 3,800.00 4,967.40 3,952.00 3,952.00 3,952.00 4,947.00 10,897.00 4,947.00 3,952.00 52,966.40

8425 · Management Fee Archer Propertie

8425.11 · Archer Properties 2011 2% Mgmt 0.00 0.00 0.00 0.00 0.00 750.00 0.00 0.00 0.00 0.00 0.00 0.00 750.00

Total 8425 · Management Fee Archer Propertie 0.00 0.00 0.00 0.00 0.00 750.00 0.00 0.00 0.00 0.00 0.00 0.00 750.00

8500 · Salaries

8500.01 · Salaries - General Manager 3,917.74 3,903.62 2,870.42 -265.65 3,890.12 4,219.80 1,582.42 2,115.29 -1,186.82 0.00 669.16 5,490.33 27,206.43

8500.03 · Salaries - Assistant Manager 2,268.93 2,260.71 2,354.66 2,230.76 2,461.54 2,230.76 307.69 3,461.53 2,721.97 3,236.28 3,131.87 6,283.74 32,950.44

8500.05 · Salaries - Guest Svc/Front Desk 3,773.27 3,256.94 5,678.73 7,090.76 7,122.31 6,617.74 7,850.63 6,383.30 6,821.31 7,054.38 6,325.10 7,143.88 75,118.35

8500.10 · Salaraies - Room Attend/Hskping 2,789.63 3,803.45 4,556.84 4,040.57 3,613.67 4,404.24 5,797.17 4,247.28 4,627.39 5,673.06 4,133.33 0.00 47,686.63

8500.15 · Salaries - Maintenance 1,094.10 1,051.05 1,073.44 911.30 1,048.71 1,506.72 1,269.82 1,261.90 1,314.22 1,067.11 1,210.39 2,101.11 14,909.87

8500.25 · Payroll Taxes & Benefits 4,025.93 1,909.08 2,536.92 1,348.34 5,946.71 3,312.56 6,012.22 -260.72 1,989.56 0.00 1,594.35 2,929.49 31,344.44

8500.30 · Payroll Processing Expense 638.34 431.56 928.59 327.00 739.03 466.06 655.90 512.45 570.12 596.52 603.46 406.70 6,875.73

8500.35 · Employee Incentives Program 1,518.50 1,574.50 2,159.41 -930.71 187.50 361.98 0.00 42.40 465.00 0.00 0.00 0.00 5,378.58


8500.45 · Salaries - Breakfast Attendant 748.62 793.20 861.22 805.95 871.09 824.81 653.41 792.73 800.83 942.60 712.42 834.98 9,641.86

8500.70 · Salaries - Night Auditor 2,214.98 2,120.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,335.23

8500.95 · Group Insurance 0.00 0.00 0.00 0.00 372.50 -162.97 -336.93 0.00 0.00 0.00 0.00 0.00 -127.40

Total 8500 · Salaries 24,190.04 22,304.36 28,020.23 16,758.32 27,501.18 25,029.70 25,040.33 19,804.16 19,371.58 19,817.95 19,628.08 26,438.23 273,904.16


8600.03 · Gen Off - Accounting Fees 0.00 0.00 11.50 1,264.50 500.00 0.00 0.00 0.00 0.00 500.00 0.00 2,300.00 4,576.00

8600.05 · Gen Office - Auto Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 148.70 0.00 0.00 0.00 148.70


8600.20 · Gen Off - License & Permits 0.00 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.00

8600.40 · Gen Off - Printing 96.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96.61

8600.45 · Gen Off - Travel 0.00 0.00 1,946.46 0.00 0.00 0.00 0.00 0.00 73.44 0.00 261.20 0.00 2,281.10

8600.60 · Gen Off - Miscellaneous 0.00 0.00 0.00 1,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00

8600.65 · Gen Off - Rent Expense 0.00 0.00 0.00 1,000.00 1,060.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,060.00

8600.75 · Gen Off - Professional Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,500.00 0.00 1,200.00 1,200.00 1,200.00 5,100.00

8605 · Guarantee Fee Expense

8605.16 · Guarantee Fee Exp - 2016 0.00 0.00 8,900.00 0.00 25,000.00 35,000.00 10,000.00 2,000.00 0.00 3,400.00 0.00 10,000.00 94,300.00

Total 8605 · Guarantee Fee Expense 0.00 0.00 8,900.00 0.00 25,000.00 35,000.00 10,000.00 2,000.00 0.00 3,400.00 0.00 10,000.00 94,300.00

Total 8600 · General Office Expense 96.61 50.00 10,857.96 3,264.50 26,560.00 35,000.00 10,000.00 3,500.00 393.14 5,100.00 1,461.20 13,500.00 109,783.41

Total Expense 67,894.77 73,397.94 74,214.72 65,920.78 108,607.10 114,587.57 99,322.75 95,935.67 65,902.66 81,592.09 79,557.26 139,665.08 1,066,598.39

Net Ordinary Income -1,115.12 18,375.83 39,577.29 27,701.15 -9,722.88 -16,886.67 7,520.85 4,989.79 26,301.48 18,400.83 8,264.02 -80,068.31 43,338.26


Other Income

8690 · CBS Outdoor Sign Lease Income 0.00 13,125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,125.00



6.SECTION(cont.)




Page 4 of 4


Other Expense


8120.01 · Interest (Hudson Cap $4.5 Mil) 0.00 0.00 0.00 18,000.00 0.00 0.00 10,000.00 0.00 0.00 0.00 0.00 0.00 28,000.00

8120.02 · Interest (Hudson Cap 1/2 AC OP) 0.00 3,408.38 0.00 3,610.98 0.00 0.00 4,274.27 0.00 5,758.60 0.00 2,088.00 0.00 19,140.23

Total 8120 · Interest Expense 0.00 3,408.38 0.00 21,610.98 0.00 0.00 14,274.27 0.00 5,758.60 0.00 2,088.00 0.00 47,140.23

9050 · Offset Rented Room 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

9150 · Available Rooms Offset 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Other Expense 0.00 3,408.38 0.00 21,610.98 0.00 0.00 14,274.27 0.00 5,758.60 0.00 2,088.00 0.00 47,140.23

Net Other Income 0.00 9,716.62 0.00 -21,610.98 0.00 0.00 -14,274.27 0.00 -5,758.60 0.00 -2,088.00 0.00 -34,015.23

-1,115.12 28,092.45 39,577.29 6,090.17 -9,722.88 -16,886.67 -6,753.42 4,989.79 20,542.88 18,400.83 6,176.02 -80,068.31 9,323.03


6.SECTION(cont.)

/

18/2

017

Sain

t Mar

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POR

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SR

OO

MS

$90,

831

$91,

544

$108

,370

$105

,993

$120

,820

$119

,593

$121

,664

$128

,184

$133

,465

$135

,220

$107

,864

$111

,648

$1,3

75,1

9696

.8%

$68.

37$4

8.30

FOO

D$0

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

0.0%

$0.0

0$0

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BAR

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

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0%$0

.00

$0.0

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LEPH

ON

E$0

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

0.0%

$0.0

0$0

.00

MIS

CEL

LAN

OU

S$3

,262

$3,2

62$3

,804

$3,7

40$4

,053

$3,9

75$3

,964

$4,0

46$4

,314

$4,3

57$3

,578

$3,6

23$4

5,97

83.

2%$2

.29

$1.6

1TO

TAL

$94,

093

$94,

806

$112

,174

$109

,733

$124

,873

$123

,569

$125

,628

$132

,230

$137

,778

$139

,577

$111

,442

$115

,271

$1,4

21,1

7510

0.0%

$70.

66$4

9.92

CO

ST O

F SA

LES

+ D

EPT.

EXP

ENSE

SR

OO

MS

$27,

501

$26,

607

$29,

190

$29,

336

$31,

032

$30,

387

$30,

634

$31,

002

$31,

898

$32,

390

$28,

611

$29,

113

$357

,701

25.2

%$1

7.78

$12.

56FO

OD

$4,7

12$4

,712

$5,4

95$5

,402

$5,8

54$5

,742

$5,7

26$5

,845

$6,2

31$6

,294

$5,1

68$5

,234

$66,

413

4.7%

$3.3

0$2

.33

BAR

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

$00.

0%$0

.00

$0.0

0TE

LEPH

ON

E$3

91$3

91$4

56$4

49$4

86$4

77$4

76$4

86$5

18$5

23$4

29$4

35$5

,517

0.4%

$0.2

7$0

.19

MIS

CEL

LAN

OU

S$0

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

0.0%

$0.0

0$0

.00

TOTA

L$3

2,60

4$3

1,71

0$3

5,14

1$3

5,18

7$3

7,37

3$3

6,60

6$3

6,83

6$3

7,33

2$3

8,64

6$3

9,20

6$3

4,20

8$3

4,78

2$4

29,6

3130

.2%

$21.

36$1

5.09

GR

OSS

MAR

GIN

RO

OM

S$6

3,33

0$6

4,93

7$7

9,18

0$7

6,65

7$8

9,78

8$8

9,20

6$9

1,03

0$9

7,18

3$1

01,5

67$1

02,8

30$7

9,25

3$8

2,53

4$1

,017

,496

71.6

%$5

0.59

$35.

74FO

OD

($4,

712)

($4,

712)

($5,

495)

($5,

402)

($5,

854)

($5,

742)

($5,

726)

($5,

845)

($6,

231)

($6,

294)

($5,

168)

($5,

234)

($66

,413

)-4

.7%

($3.

30)

($2.

33)

BAR

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

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0%$0

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0TE

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E($

391)

($39

1)($

456)

($44

9)($

486)

($47

7)($

476)

($48

6)($

518)

($52

3)($

429)

($43

5)($

5,51

7)-0

.4%

($0.

27)

($0.

19)

MIS

CEL

LAN

OU

S$3

,262

$3,2

62$3

,804

$3,7

40$4

,053

$3,9

75$3

,964

$4,0

46$4

,314

$4,3

57$3

,578

$3,6

23$4

5,97

83.

2%$2

.29

$1.6

1TO

TAL

$61,

489

$63,

096

$77,

033

$74,

546

$87,

500

$86,

962

$88,

793

$94,

899

$99,

132

$100

,371

$77,

234

$80,

489

$991

,544

69.8

%$4

9.30

$34.

83

GR

OSS

MAR

GIN

%65

.3%

66.6

%68

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67.9

%70

.1%

70.4

%70

.7%

71.8

%72

.0%

71.9

%69

.3%

69.8

%69

.8%

VAR

IAB

LE E

XPEN

SES

ADM

IN &

GEN

ERAL

$7,8

33$7

,833

$8,4

14$8

,345

$8,6

81$8

,597

$8,5

85$8

,673

$8,9

60$9

,006

$8,1

71$8

,220

$101

,320

7.1%

$5.0

4$3

.56

SALE

S &

MAR

KETI

NG

$3,5

29$3

,529

$3,8

51$3

,813

$4,0

00$3

,953

$3,9

47$3

,996

$4,1

55$4

,181

$3,7

17$3

,744

$46,

414

3.3%

$2.3

1$1

.63

FRAN

CH

ISE

FEES

$8,0

39$8

,102

$9,5

91$9

,380

$10,

693

$10,

584

$10,

767

$11,

344

$11,

812

$11,

967

$9,5

46$9

,881

$121

,705

8.6%

$6.0

5$4

.27

UTI

LITI

ES$7

,586

$7,5

86$8

,846

$8,6

97$9

,425

$9,2

45$9

,218

$9,4

09$1

0,03

1$1

0,13

2$8

,320

$8,4

26$1

06,9

227.

5%$5

.32

$3.7

6R

EPAI

RS

& M

AIN

TEN

ANC

E$5

,019

$5,4

09$5

,821

$5,7

72$6

,011

$6,3

42$6

,577

$6,0

05$5

,428

$5,2

66$4

,479

$4,6

11$6

6,74

14.

7%$3

.32

$2.3

4TO

TAL

$32,

006

$32,

459

$36,

523

$36,

008

$38,

809

$38,

721

$39,

094

$39,

428

$40,

386

$40,

553

$34,

232

$34,

882

$443

,102

31.2

%$2

2.03

$15.

56

GR

OSS

OPE

RAT

ING

PR

OFI

T/(L

OSS

)$2

9,48

3$3

0,63

7$4

0,51

0$3

8,53

8$4

8,69

1$4

8,24

1$4

9,69

9$5

5,47

1$5

8,74

6$5

9,81

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3,00

1$4

5,60

7$5

48,4

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.6%

$27.

27$1

9.26

FIXE

D E

XPEN

SES

INSU

RAN

CE

$1,5

75$1

,575

$1,5

75$1

,575

$1,5

75$1

,575

$1,5

75$1

,575

$1,5

75$1

,575

$1,5

75$1

,575

$18,

900

1.3%

$0.9

4$0

.66

INTE

RES

T$0

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

0.0%

$0.0

0$0

.00

PRO

PER

TY T

AX$3

,783

$3,7

83$3

,783

$3,7

83$3

,783

$3,7

83$3

,783

$3,7

83$3

,783

$3,7

83$3

,783

$3,7

83$4

5,39

63.

2%$2

.26

$1.5

9M

ANAG

EMEN

T FE

ES$2

,725

$2,7

46$3

,251

$3,1

80$3

,625

$3,5

88$3

,650

$3,8

46$4

,004

$4,0

57$3

,236

$3,3

49$4

1,25

62.

9%$2

.05

$1.4

5D

EPR

ECIA

TIO

N$0

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

0.0%

$0.0

0$0

.00

LEAS

E$0

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

0.0%

$0.0

0$0

.00

CAP

ITAL

RES

ERVE

$0$0

$0$0

$0$0

$0$0

$0$0

$0$0

$00.

0%$0

.00

$0.0

0TO

TAL

$8,0

83$8

,104

$8,6

09$8

,538

$8,9

83$8

,946

$9,0

08$9

,204

$9,3

62$9

,415

$8,5

94$8

,707

$105

,552

7.4%

$5.2

5$3

.71

NET

OPE

RAT

ING

PR

OFI

T/(L

OSS

)$2

1,40

0$2

2,53

3$3

1,90

0$3

0,00

0$3

9,70

9$3

9,29

6$4

0,69

1$4

6,26

7$4

9,38

4$5

0,40

3$3

4,40

7$3

6,90

0$4

42,8

9031

.2%

$22.

02$1

5.56

DAY

S IN

MO

NTH

3128

3130

3130

3131

3031

3031

365

DAY

S IN

MO

NTH

NU

MBE

R O

F R

OO

MS

7878

7878

7878

7878

7878

7878

936

NU

MBE

R O

F R

OO

MS

TOTA

L R

OO

MS

AVAI

LABL

E24

1821

8424

1823

4024

1823

4024

1824

1823

4024

1823

4024

1828

470

TOTA

L R

OO

MS

AVAI

LABL

ETO

TAL

RO

OM

S SO

LD14

2714

2716

6416

3617

7317

3917

3417

7018

8719

0615

6515

8520

113

TOTA

L R

OO

MS

SOLD

ADR

$63.

65$6

4.15

$65.

13$6

4.79

$68.

14$6

8.77

$70.

16$7

2.42

$70.

73$7

0.94

$68.

92$7

0.44

$68.

37A

D R

REV

PAR

$37.

56$4

1.92

$44.

82$4

5.30

$49.

97$5

1.11

$50.

32$5

3.01

$57.

04$5

5.92

$46.

10$4

6.17

$48.

30R

EV P

AR%

OC

CU

PAN

CY

59.0

2%65

.34%

68.8

2%69

.91%

73.3

3%74

.32%

71.7

1%73

.20%

80.6

4%78

.83%

66.8

8%65

.55%

70.6

5%%

OC

CU

PAN

CY


6.SECTION(cont.)

NOTICE TO PROPOSED PURCHASERS OF REAL ESTATE AGENCY

In compliance with Real Estate Board regulations, parties to transactions involving real estate should understand the unique and valuable role that real estate brokers and their agents play in marketing real estate. That role has been defined over the years by both law and custom. The following is intended to give you a brief explanation of that role:

• Brokers and their agents may be employed to represent any part to a real estate transaction. • Customarily, unless a purchaser has an agreement with a broker that the broker and the broker’s agent will represent the buyer’s interests, the broker and broker’s agents will represent the listing broker and the seller. • The person the broker and the broker’s agent represent is usually referred to as the “client” and the other party is usually referred to as the “customer.” • The broker and the broker’s agents owe the client duties of disclosure, loyalty and faithfulness. At the same time, brokers and their agents are required to treat all parties to a transaction fairly. • If a broker represents the seller, the broker and the broker’s agents may still provide buyers, as customers, with information about properties and available financing, may show them properties, and may assist them in preparing an offer to purchase a particular property. • Brokers and their agents have a duty to respond accurately to customer’s questions, to disclose to customers material information about a particular property of which they have knowledge, and to submit all written offers to purchase, sell, option or lease a property promptly to both customers and clients without discrimination.

DC Hospitality as the listing broker represents the seller and will be paid a commission by the seller.

DISCLAIMER

The material contained in this brochure is CONFIDENTIAL, furnished solely for the purpose of considering the acquisition of the property described herein and is not to be used for any other purpose or made available to any other person without the express written consent of DC Hospitality LLC (the “broker”). The material is based in part, upon information supplied by the owner and, in part, upon information obtained by broker from third-party sources. All information is provided subject to prior sale or withdrawal without notice and subject to change. Neither broker nor owner or any of their affiliates or subsidiaries are making representations or warranties concerning its accuracy. Prospective purchasers should make their own investigation, projections, studies and conclusions, without reliance upon the material contained herein, as to possible financial goals. The broker and owner make no representations as to the condition of the property.

This notice is for your information and, if you have any questions after reading the material, please ask the broker or seek appropriate counsel.

Microtel Inn & Suites · Microtel Inn & Suites 3930 St. Mary’s Road Columbus, GA 31907...

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Transcript of Microtel Inn & Suites · Microtel Inn & Suites 3930 St. Mary’s Road Columbus, GA 31907...