Business, 07.11.2019 01:31 klairecarregal6016
The high towers center is a 300-room hotel that was built ten years ago for a total project cost of $24,000,000. the market value of the facility is now estimated at $42,000,000, and the general manager estimates that the level of guest service is worth at least $5,000 per room per year. a close competitor of the hotel charges $110 per night per room. according to the $1 per $1,000 approach to pricing rooms, what should the price of a room night be at the high towers center? a. $80b. the answer cannot be determined from the information given. c. $140d. $110
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