Using the traditional or building cost rate, how much should a 200 room hotel charge per night if construction costs were $16,400,000 and land acquisition costs were $1,600,000? The hotel should charge:
A) $98 per room night
B) $110 per room night
C) $82 per room night
D) $90 per room night
E) None of the above are correct
Correct Answer:
Verified
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