green union terrace chair wrote:and found that a very loose rule of thumb
I would say very loose indeed. Maybe SOME of the rooms will be that expensive, but I am pretty sure a good majority will be much less than this. I would be curious what you think the "average" cost will be. If you think this is the average than you're full of it. For fuck sake, I got a room at a 5 star hotel in New York for something like $250.
green union terrace chair wrote:But now that will all have to be paid for by room charges. So the back of the envelope calculations are:
($98M project cost - $10M condo cost) / 189 rooms / 1000 = $466 average room rate.
Bing, bang, boom. Done. Jeebus, if you think that's how they're going to calculate the rate then I hope you're not planning to open a business anytime soon.
I'm sure the rates will be high, but I venture to guess they'll have a handful of different rates for different rooms for different days. If you've ever booked a hotel that's how it ALWAYS works.