07-23-2008, 09:07 AM
The hotels run at about 40% occupancy here in Kona. (My wife is the Director of Sales for one of them, so my number is from a reliable source.) She said their break even level is 50% occupancy, anything above that is profit. The owners of these hotels were making huge profit during the past 10 years, they don't need to be bailed out.
Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"