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

a. $80

Explanation:

investment made                                         $24,000,000

Return required at $1 per 1,000                   $24,000

Number of rooms                                           300

Room rent should be = $24,000 / 300

                                    = $80

Therefore, The price of a room night be at the High Towers Center should be $80.

shopping mall is a group of retail stores under one roof. the cognitive structure of an urban shopping center. attributes of shopping mall image, customer satisfaction and mall patronage for selected shopping malls in southern gauteng

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