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Business, 24.06.2019 19:50 ari8361

Mysunshine hotel is a chain with 10 identical hotels which operate 365 days a year. the chain invested $200m to purchase land for these hotels and $100m to build and furnish them. each hotel has108 rooms and charges and average price of 166 per night. each operating material cost for each hotel is $1m. on top of that, each hotel is staffed with 78 employees; each paid $50,000 a year on average. the number of hotel employees has a direct effect on hotel occupancy in the following way: hotel occupancy rate=0.01 x number of employeesdefine the return on invested capital as the ratio of the profits (per year) and the invested capital. what is the roic? ( keep 4 decimal places, not in percentage)

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