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23-07-2014, 02:05 PM
(This post was last modified: 24-07-2014, 08:17 AM by Curiousparty.)
yes, revenue risk is NOT on CES (as the 3rd party hotel management is taking on that risk). The base rate (to be paid to CES) will start off at a lower level (probably $100 per room compared to usual standard hotel room rate of >$200), with adjustment upwards a few years down the road 
I had earlier stated the basis in my earlier posting. basically, we are looking at ~$16mil income per annum.
I had earlier stated the basis in my earlier posting. basically, we are looking at ~$16mil income per annum.
(23-07-2014, 01:48 PM)roxhockey Wrote: I assume that under the management deal with Park Hotel, Park is taking 100% of the rooms at a given fixed rate and then the pricing and occupancy risk falls on Park? There may be some transitional arrangements for the period after opening but I would expect that year 1 performance shouldn't be too bad on that basis. That's just my assumption as to how the deal works though, has anything been disclosed on this?
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