“The high tower center is a 300- room hotel that was built ten years ago for a total project cost $24,000,000. The market value of the facility is now estimated at $42,000,000. According to the $1 per $1,000 approach to pricing rooms, what should be the price of a room night”

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“The high tower center is a 300- room hotel that was built ten years ago for a total project cost $24,000,000. The market value of the facility is now estimated at $42,000,000. According to the $1 per $1,000 approach to pricing rooms, what should be the price of a room night”

$80