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06-02-2015, 10:21 AM
Taking reference from UE arrangement for one of its properties.
1 hotel room - $105 dollar (net after agency fee)
450 rooms x 365 days x $105 x 0.83 (after tax) = $14.3 mil.
I would say this is reasonable estimate. Tks.
1 hotel room - $105 dollar (net after agency fee)
450 rooms x 365 days x $105 x 0.83 (after tax) = $14.3 mil.
I would say this is reasonable estimate. Tks.
(06-02-2015, 09:28 AM)glico Wrote: Quoted "Recurring income of $14mil per annum or 2.2 cents per share will kick.".
I feel this is too optimistic, considering CES is a newbie in hotel industry and Alexandra is an untested location for hotel guests.
You need to look at other peers like Roxy Pacific and Amara past results, then consider if $14 mil per annum income is achievable.
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