One who intends to leave others better off for his having existed.

12/3/13

Downtown Wyndham Hotel Economic Impact Math


180 rooms x 365 days per year = 65,700 room nights

$29,300,000 per year total economic impact
divided by 65,700 total occupied room nights
= $446 per room per night for all rooms occupied
every day of the year.

Greensboro's average occupancy is 56%, last I saw.

56% of 65,700 = 36,792 total occupied room nights

$29,300,000 per year total economic impact
divided by 36,792 total occupied room nights
= $796 per room per night for rooms occupied 56% of the year.

$796

What % is supposed to come from GPAC patrons, which Randall and friends lobbied for?

What are comparable numbers for the downtown Marriott or Biltmore?

Who did the study, and when, with what data inputs?

Is that how much the O'Henry and others bring to our table?

Where is the evidence of this number in our tax flow streams?

How many people work at Proximity?

2 comments:

Anonymous said...

S C A M

Billy Jones said...

And let us not forget that Wyndham Hotels Inc is not investing in the project but is instead charging for the use of their name. If Wyndham thought the site would turn a profit they'd build a hotel without Kaplan's involvement.