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A 100-Room Hotel Achieves a 70 Percent Occupancy and an Average

Question 5

Multiple Choice

A 100-room hotel achieves a 70 percent occupancy and an average rate of $60. It sells for $4,600,000. What is the gross rooms revenue multiplier?

A) 1.5
B) 3.0
C) 02
D) cannot tell from information given

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