Exhibit 10.16
SUBMANAGEMENT AGREEMENT
(FOOD AND BEVERAGE DEPARTMENT)
DOUBLETREE GUEST SUITES HOTEL
CHICAGO, ILLINOIS
TABLE OF CONTENTS
Page
----
PREAMBLE.................................................................. 1
RECITALS.................................................................. 1
ARTICLE 1 - SCOPE OF AGREEMENT............................................ 2
1.1 Engagement of Food Manager.................................... 2
1.2 Services by Food Manager...................................... 3
1.3 Permits....................................................... 7
1.4 Hours of Operation, Etc....................................... 8
1.5 Comp Policy................................................... 8
1.6 Owner's Property.............................................. 8
ARTICLE 2 - TERM
2.1 Commencement Date............................................. 9
2.2 Term.......................................................... 9
2.3 Hotel Manager's Special Termination Rights.................... 9
2.4 Food Manager's Special Termination Rights..................... 10
2.5 Early Termination of the Hotel Management
Agreement..................................................... 10
ARTICLE 3 - OPERATIONAL STANDARDS......................................... 13
3.1 Operational Standards......................................... 13
ARTICLE 4 - FISCAL MATTERS................................................ 14
4.1 Accounting Matters and Fiscal Periods......................... 14
4.2 Yearly Budgets................................................ 15
4.3 Payment of F&B Department Costs............................... 19
ARTICLE 5 - COMPENSATION.................................................. 20
5.1 Base Fee...................................................... 21
5.2 Departmental Profit Incentive Fee............................. 22
5.3 GOP Incentive Fee............................................. 24
ARTICLE 6 - USE OF TRADENAMES............................................. 27
6.1 Use of Name................................................... 27
6.2 Advertising Materials......................................... 29
6.3 Rights Upon Termination....................................... 30
ARTICLE 7 - OPERATING ACCOUNT............................................. 33
7.1 Operating Account............................................. 33
(i)
ARTICLE 8 - RENOVATION.................................................... 34
8.1 Restaurant Renovation......................................... 34
8.2 Annual Renovation Amortization and Payments................... 34
8.3 Subsequent Adjustment......................................... 35
ARTICLE 9 - INDEMNITY AND INSURANCE....................................... 36
9.1 Indemnity by Owner............................................ 36
9.2 Indemnity by Food Manager..................................... 37
9.3 Insurance Requirements........................................ 39
ARTICLE 10 - DEFAULT AND TERMINATION...................................... 41
10.1 Events of Default............................................. 41
10.2 Termination................................................... 43
ARTICLE 11 - APPLICABLE LAW............................................... 45
11.1 Scope......................................................... 45
ARTICLE 12 - SUCCESSORS AND ASSIGNS....................................... 46
12.1 Assignment by Food Manager.................................... 46
ARTICLE 13 - FORCE MAJEURE................................................ 49
13.1 Operation of Hotel............................................ 49
13.2 Extension of Time............................................. 49
ARTICLE 14 - COVENANTS OF OWNER........................................... 50
14.1 General....................................................... 50
14.2 Funding....................................................... 50
14.3 Restriction of Hiring Food Manager Employees.................. 51
ARTICLE 15 - GENERAL PROVISIONS........................................... 51
15.1 Authorization................................................. 51
15.2 Formalities................................................... 51
15.3 Consents...................................................... 51
15.4 Notices....................................................... 52
15.5 Entire Agreement.............................................. 54
15.6 Waivers....................................................... 55
15.7 Relationship.................................................. 55
15.8 Overdue Payments.............................................. 55
15.9 Attorneys' Fees............................................... 56
SIGNATURES................................................................ 57
CONSENT AND JOINDER OF OWNER.............................................. 58
(ii)
EXHIBIT 1 - PURCHASE ORDER PROCEDURES (Article 1.2(a))
EXHIBIT 2 - DEPARTMENTAL PROFITS (Article 5.2(c))
EXHIBIT 3 - GROSS OPERATING PROFIT (Article 5.1(b) and 5.3(c))
EXHIBIT 4 - EXAMPLES OF THE CALCULATION AND PAYMENT OF FOOD MANAGER'S FEES
(Article 5)
EXHIBIT 5 - METROPOLITAN CHICAGO AREA (MAP) (Article 6.1(c))
EXHIBIT 6 - 1995 YEARLY BUDGET FOR THE F&B DEPARTMENT (Article 4.2(a))
(iii)
GLOSSARY OF DEFINED TERMS
1995 Yearly Budget - Article 4.2(a)
Advertising and Promotional Threshold Amount - Article 5.2(d)
Advertising and Promotional Excess - Article 5.2(d)
Agreement - Preamble
Annual Renovation Amortization - Article 8.2
Consent - Article 15.3
Defaulting Party - Article 10.1(a)
Departmental Profits - Article 5.2(c)
Departmental Profit Incentive Fee - Article 5.2(a)
Event of Default - Article 10.1
Excess Departmental Profits - Article 5.2(b)
Excess GOP - Article 5.3(b)
Execution Date - Preamble
F&B Department - Article 1.1(a)
F&B Department FF&E Budget - Article 4.2(c)
Fees - Article 5
FF&E - Article 4.2(c)
Food Manager - Preamble
Food Manager's Renovation Contribution - Article 8.1
Food Manager Transfer - Article 12.1(a)
Food Manager Employees - Article 1.2(b)
Food Manager Tradenames - Article 6
Full Commencement Date - Article 2.1
GOP Incentive Fee - Article 5.3(a)
Gross Operating Profit - Article 5.3(c) and Exhibit 3
Guarantor - Article 1.1(a)
Hotel - Witnesseth
Hotel Management Agreement - Witnesseth
Hotel Manager - Preamble
House F&B Operations - Article 1.1(a)
House F&B Operations - Article 1.1(a)
Index - Article 4.2(b)
Initial Period - Article 2.1
New York Cafe - Article 3.1
Non-Defaulting Party - Article 10.2(a)
NYRG - Article 1.1(a)
Operational Standards - Article 3.1
Operating Costs - Exhibit 3
Operating Account - Article 7.1(a)
Owner - Witnesseth
Owner's Renovation Contribution - Article 8.1
Permissible Costs - Article 4.3
Post-Termination Licensing Period - Article 6.3(b)
Pre-Opening - Article 8.1(b)
Purchase Order Procedures - Article 1.2(a)
Renovation - Article 8.1
Renovation Cost - Article 8.2
Requisitions - Article 7.1(b)
(iv)
Xxxxxxxx Entity - Article 12.1(b)
Xxxxxxxx - Article 12.1(b)
Threshold GOP - Article 5.3(b)
Total F&B Department Revenue - Article 5.1(b)
Total Hotel Sales - Exhibit 3
Trade Name Operations - Article 1.1(a)
Unamortized Food Manager's Renovation Contribution - 2.5(a)(i)
Uniform System of Accounts - Article 5.1(b)
Year - Article 2.2(b)
Yearly Budget - Article 4.2(b)
(v)
PREAMBLE
THIS SUBMANAGEMENT AGREEMENT (the "Agreement") is made and entered into on
the 9th day of June, 1995 (the "Execution Date"), but effective as of October
24, 1994, by and between DOUBLETREE PARTNERS (formerly known as Guest Quarters
Hotels Partnership), a Delaware partnership ("Hotel Manager"), and XXX. XXXXX
MANAGEMENT COMPANY, L.L.C., an Illinois limited liability company ("Food
Manager").
WITNESSETH:
WHEREAS, Chicago HSR Limited Partnership ("Owner") owns a hotel operating
under the name Guest Quarters Suite Hotel (the "Hotel") located at 900 North
Mies Xxx Xxx Xxxx Xxx, Xxxxxxx, Xxxxxxxx; and
WHEREAS, pursuant to a Management Agreement (the "Hotel Management
Agreement") dated November 29, 1988, as amended, by and between Owner and Hotel
Manager, Hotel Manager was retained by Owner to operate the Hotel under the
tradename "Guest Quarters Suite Hotel," which name was changed to "Doubletree
Guest Suites" in February, 1995; and
WHEREAS, Hotel Manager is desirous of having Food Manager manage and
operate the food and beverage department within the Hotel upon the terms and
conditions as herein provided;
-1-
NOW, THEREFORE, in consideration of the mutual promises and covenants
herein contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Hotel Manager and Food Manager
agree as follows:
ARTICLE 1
SCOPE OF AGREEMENT
1.1 Engagement of Food Manager.
(a) Hotel Manager hereby engages Food Manager to supervise and
manage the food and beverage department at the Hotel for the term of this
Agreement, and Food Manager hereby agrees that it will manage the F&B Department
(as hereinafter defined) pursuant to and in accordance with the terms of this
Agreement. Food Manager further agrees to provide, or cause its affiliate,
Atlantic & Pacific Grill Associates, L.P. (the "Guarantor") to provide, the
trade names -- "Park Avenue Cafe" for the second floor restaurant and "Mrs.
Park's Tavern" for the first floor bistro -- for the Hotel's restaurant and
lounge (the "Trade Name Operations"). (Both Food Manager and the Guarantor are
affiliates of The New York Restaurant Group, Inc. ("NYRG").) As used herein, the
term "F&B Department" shall mean and refer to all operations of the food and
beverage department of the Hotel, including (i) room service and
catering/banquet operations (the "House F&B Operations"), and (ii) the Trade
Name Operations. Hotel Manager and Food Manager further
-2-
agree that this Agreement provides for management in respect of the F&B
Department of the Hotel, and that Hotel Manager and Food Manager do not intend,
nor does this Agreement grant or create, a "franchise" within the meaning of the
Federal Trade Commission Act, or any rule or regulation promulgated thereunder
or in connection therewith.
1.2 Services by Food Manager.
(a) During the term of this Agreement, Food Manager shall, subject
to the applicable Yearly Budget (as hereinafter defined) and the other
limitations contained in this Agreement, purchase all food, supplies and other
items in the ordinary course of business of the F&B Department on behalf of
Owner and in Owner's name. With respect to the Trade Name Operations as well as
the House F&B Operations, Food Manager shall follow the purchasing authorization
procedure and shall otherwise conform to the purchase order approval
requirements and other related matters set forth in Exhibit 1, "Purchase Order
Procedures," attached hereto and made a part hereof. Food Manager will make, or
cause to be made, all discount and bulk purchase arrangements which it or NYRG
(or other NYRG affiliates) have with third parties available to the Hotel on the
same basis and furnish the Hotel with appropriate vouchers and backup
information to support the charges to the Hotel, if and to the extent such
discount and bulk purchase arrangements (i) are available to Chicago and (ii)
can be made without adverse impact on
-3-
other restaurants operated by NYRG or its affiliates. Food Manager shall have
the right to select the vendors for purchases of food and beverages, linens,
supplies and equipment for the F&B Department, subject to Hotel Manager's
reasonable approval; provided, however, where Hotel Manager has arranged for
national or regional purchasing programs with certain vendors whereby total
aggregate volume generates better pricing, Food Manager shall, if Hotel
Manager so requests, purchase from such vendors, unless Food Manager
reasonably objects to the quality of such purchases or can effect such
purchases at even lower prices without sacrificing quality. During the term
of this Agreement, Hotel Manager will permit other restaurants operated by
NYRG or its affiliates to participate in Hotel Manager's group purchasing
programs if and to the extent such programs (i) are available at the
locations of such other restaurants and (ii) can be made available to NYRG
and its affiliates without adverse impact on the hotels operated by Hotel
Manager or its affiliates.
(b) Food Manager shall hire, train and supervise all F&B Department
personnel. Such responsibilities shall be carried out in consultation with the
Human Resources Director for the Hotel and in accordance with the personnel
policies and procedures established for the Hotel by Hotel Manager. All F&B
Department employees will continue to be employees of Owner, except for the Food
and Beverage Director and Executive Chef (collectively, the "Food Manager
Employees"), who will be employees of Food Manager.
-4-
All salary and related benefits for F&B Department employees, including the Food
Manager Employees (and including relocation costs for the Food Manager Employees
in accordance with Hotel Manager's relocation policy) shall be paid for by the
Hotel as an operating expense of the F&B Department, subject to Hotel Manager's
approval of the budget therefor, which approval shall not be unreasonably
withheld or delayed. All training and supervision of employees, and other
employment-related matters, including (without limitation) salaries, wages and
benefit structure, and hiring and firing decisions, for the Food Manager
Employees as well as the other F&B Department personnel, shall be subject to
Hotel Manager's approval, excepting only that Food Manager will have the right
to fire the Food Manager Employees without the approval of Hotel Manager. Hotel
Manager, however, will also have the right to direct Food Manager (i) to fire
any F&B Department personnel who are employees of Hotel Manager, and (ii) to
terminate the employment at the Hotel of any Food Manager Employees. All F&B
Department personnel, including the Food Manager Employees, will be subject to
Hotel Manager's personnel policies, procedures and disciplinary rules. Such
policies, procedures and disciplinary rules shall be applied by Hotel Manager on
a non-discriminatory basis to all Hotel employees, including Food Manager
Employees and other F&B Department personnel. Without the consent of Food
Manager, Hotel Manager will not itself hire any Food Manager Employee to work at
the Hotel or at any other hotel managed by Hotel Manager (or any affiliate
thereof) for a period of twelve
-5-
(12) months after such Food Manager Employee ceases to work for Food Manager at
the Hotel. Although Food Manager shall supervise all F&B Department personnel,
it is agreed that the catering sales staff (Director of Catering, Catering Sales
Managers, etc.) will continue to be directed by Hotel Manager's sales
department, but as an expense charged to the F&B Department, in order to ensure
optimalization of catering/meeting space utilization; bookings of the catering
sales staff will be credited to the F&B Department.
(c) Food Manager shall, subject to the applicable Yearly Budget and
to receiving the prior approval of Hotel Manager, establish formulation and
pricing of all menus and food offerings, and advertising, marketing and
promotional programs, for the House F&B Operations as well as the Trade Name
Operations. Hotel Manager will not unreasonably withhold its consent to the
foregoing with respect to the Trade Name Operations, provided that, as to
pricing, Food Manager shall (from time to time, upon request by Hotel Manager)
furnish to Hotel Manager a survey of pricing for comparable restaurant and
lounge operations in Chicago. As to House F&B Operations, Hotel Manager may
condition its approval upon conformity to Hotel Manager's chain-wide standards
or other generally established practices of Hotel Manager for similar quality
hotels.
(d) Without limiting the provisions of Article 15.7 hereof, Food
Manager shall not have any authority whatsoever to
-6-
make any commitment or enter into any agreement for, or on behalf of, or
otherwise bind, Owner or Hotel Manager, except that purchase orders made by Food
Manager in accordance with Article 1.2(a) above shall be binding on Owner.
1.3 Permits. Hotel Manager shall, as an expense of the F&B Department,
obtain and keep in full force and effect all necessary licenses and permits,
including liquor, bar, restaurant, sign and hotel licenses, as may be required
for the operation of the F&B Department. Food Manager shall take, or cause NYRG
to take, all necessary actions to register and protect the use of the Trade
Names (as hereinafter defined) at the Hotel. All operating licenses and permits
are to be in effect at the Commencement Date, and (subject to the requirements
of local law) shall be in the name of Owner and Hotel Manager jointly. Food
Manager undertakes to comply with any conditions set out in any such licenses
and permits and at all times to operate and manage the F&B Department in
accordance with such conditions, all applicable governmental health and safety
regulations and any other legal requirements, all at Owner's expense, subject to
the limitations regarding Permissible Costs set forth in Article 4.3 below. (If
the cost of compliance with a particular governmental requirement is not
specifically provided for in the applicable Yearly Budget, such cost shall be
subject to the approval of Owner and Hotel Manager, which approval shall not be
unreasonably withheld or delayed.)
-7-
1.4 Hours of Operation, Etc. Notwithstanding anything to the contrary
contained herein, Hotel Manager shall establish (and may change from time to
time) the hours of availability for room service as well as other F&B Department
related services at the Hotel, except that Food Manager shall establish (and may
change from time to time) the hours of operation for the Trade Name Operations,
subject to Hotel Manager's prior approval thereof. Hotel Manager shall also have
exclusive authority to book reservations at the Hotel for use of Hotel banquet
rooms and meeting facilities.
1.5 Comp Policy. Food Manager will provide complimentary and/or discounted
(i) food and beverage services and (ii) banquet, function and meeting facilities
in accordance with policies therefor to be promulgated by Hotel Manager from
time to time.
1.6 Owner's Property. All furniture, furnishings and operating equipment
of the F&B Department (including, but not limited to, items of decor, kitchen
equipment, equipment relating to bars, room service and banquet services as well
as chinaware, glassware, linens, silverware, utensils, uniforms and all similar
items) and all operating supplies (including, but not limited to, inventories of
food and beverages and other consumable items such as soap, cleaning materials,
matches and all similar items) shall be and remain the property of Owner.
-8-
ARTICLE 2
TERM
2.1 Commencement Date. The Commencement Date of the term hereunder was
October 24, 1994, the date that Food Manager reopened the Hotel lounge to the
public following substantial completion of the Renovation (as hereinafter
defined) of such facility. As used herein, (a) the "Full Commencement Date"
shall mean January 1, 1995, and (b) the "Initial Period" shall mean the period
from the Commencement Date to the Full Commencement Date.
2.2 Term.
(a) Unless sooner terminated as hereinafter provided, this Agreement
shall expire on the earlier of (i) December 31, 2004 or (ii) the termination of
the Hotel Management Agreement. (The expiration date of the Hotel Management
Agreement is December 31, 2010.)
(b) As used in this Agreement, a "Year" shall mean and refer to the
calendar year commencing on the Full Commencement Date and each successive
calendar year thereafter. Accordingly, the first Year shall end December 31,
1995, the second Year shall end December 31, 1996, and so on.
2.3 Hotel Manager's Special Termination Rights. Hotel
-9-
Manager shall have the right to terminate this agreement upon ninety (90)
days notice in the event that Total F&B Department Revenue (as hereinafter
defined) for any Year, commencing with 1997, does not exceed $5,984,327
[i.e., the sum of (x) $3,184,327, being the Total F&B Department Revenue
for calendar year 1993 (January 1, 1993 through December 31, 1993) plus (y)
$2,800,000]. Such termination notice shall be given by Hotel Manager
(if at all) within sixty (60) days after Hotel Manager furnishes to Food
Manager the report of Total F&B Department Revenue for any Year in which such
performance test is not met.
2.4 Food Manager's Special Termination Rights. Food Manager shall have
the right to terminate this agreement upon ninety (90) days notice in the
event that the total fees (Base Fee plus Departmental Profit Incentive Fee
plus GOP Incentive Fee, if any) payable to Food Manager pursuant to this
agreement for any Year, commencing with 1997, are less than $200,000. Such
termination notice shall be given by Food Manager (if at all) within sixty
(60) days after Hotel Manager furnishes to Food Manager the financial reports
for the F&B Department for any Year in which such performance test is not met.
2.5 Early Termination of the Hotel Management Agreement.
(a) The provisions of subparagraphs (i), (ii) and (iii) below
shall apply in the event this agreement is terminated prior
-10-
to December 31, 2001 by reason of the termination of the Hotel Management
Agreement.
(i) If the Hotel Management Agreement is terminated by reason
of a casualty or a condemnation/taking by eminent domain, then Food Manager
shall be entitled to recover the then unamortized portion of the Food
Manager's Renovation Contribution (as defined in Article 8.1(b) below),
calculated as of the effective termination date of this agreement (the
"Unamortized Food Manager's Renovation Contribution"), out of insurance
proceeds or condemnation/taking awards (as the case may be) in respect of the
Hotel, to the extent available, if any. As used herein, "available" insurance
proceeds and condemnation/taking awards shall consist of the amount of
casualty insurance proceeds or condemnation/taking awards (as the case may
be) received by Owner after deduction for amounts paid to or otherwise
retained by mortgagee(s) of the hotel.
(ii) If the Hotel Management Agreement is terminated by reason
of the default of Hotel Manager thereunder, then unless Owner agrees to
recognize the rights of Food Manager under this Agreement for the then
unexpired term thereof (which Owner shall have the right but not the
obligation to do), Hotel Manager shall pay to Food Manager the Unamortized
Food Manager's Renovation Contribution simultaneously with the termination of
this agreement
-11-
(iii) if the Hotel Management Agreement is terminated for any
other reason (i.e., other than the matters referred in subparagraphs (i) and
(ii) above), then unless Owner agrees to recognize the rights of Food Manager
under this Agreement for the then unexpired term thereof (which Owner shall
have the right but not the obligation to do), Owner shall pay to Food Manager
the Unamortized Food Manager's Renovation Contribution simultaneously with
the termination of this Agreement. The preceding sentence shall not, however,
apply in the event the Hotel Management Agreement and this Agreement are
terminated by reason of a mortgage foreclosure.
(b) If Owner agrees to recognize the rights of Food Manager for
the then unexpired term of this Agreement pursuant to subparagraph (a)(ii) or
(iii) above, then Owner, Food Manager and any new manager of the Hotel shall
enter into appropriate documentation to evidence the continuation of this
Agreement, and Food Manager will cooperate with Owner and such new Hotel
Manager in connection therewith.
(c) Hotel Manager represents and warrants that the Hotel
Management Agreement is not terminable by Owner on an at-will basis or in the
event of a sale of the Hotel, and is binding upon Owner's successors and
assigns upon a sale of the Hotel.
-12-
ARTICLE 3
OPERATIONAL STANDARDS
3.1 Operational Standards. Hotel Manager and Food Manager recognize that
an essential element of the success and reputation of the Hotel is the
satisfaction of its guests and customers with the management, maintenance,
quality and service to be provided by Food Manager with respect to the Trade
Name Operations and the House F&B Operations. Food Manager agrees that during
the term of this Agreement it will operate the Trade Name Operations in a
first-class manner commensurate with the standards of operations currently
practiced at the Park Avenue Cafe in New York City (the "New York Cafe") and
that the concept and decor for the restaurant and lounge at the Hotel will be
substantially the same as that presently established for the New York Cafe. Food
Manager further agrees to operate the House F&B Operations in accordance with
Hotel Manager's chain-wide standards and generally established practices
therefor for similar quality hotels. Hotel Manager shall cooperate with Food
Manager throughout the term of this Agreement to the end that Food Manager shall
be able to carry out its responsibilities in accordance with the foregoing
operational standards (the "Operational Standards").
-13-
ARTICLE 4
FISCAL MATTERS
4.1 Accounting Matters and Fiscal Periods.
(a) The books and records for the Trade Name Operations, as well as
the House F&B Operations, will be kept by Hotel Manager in accordance with the
Uniform System of Accounts for Hotels as amended from time to time. Such books
and records shall be maintained by Hotel Manager either at the Hotel or at the
regional accounting office of Hotel Manager which serves the Hotel. Hotel
Manager will continue to provide accounting services for payroll, capital
purchases, and profit and loss/operating statement generation. The cost of
accounting services will not be a deduction in computing Departmental Profits
(as hereinafter defined).
(b) Food Manager may, within six (6) months after receipt of
year-end statistics and financial reports from Hotel Manager, and upon no less
than fifteen (15) days notice to Hotel Manager and Owner, at Food Manager's
expense, conduct an audit of the books and records of Hotel Manager pertaining
to Total F&B Department Revenue, Departmental Profits (as hereinafter defined),
Gross Operating Profit (as hereinafter defined) and any other matters relevant
to the operating results of the F&B Department and
-14-
the calculation of Food Manager's compensation hereunder. In making such audit,
Food Manager shall have the right to examine Hotel Manager's records only for
the Year just ended. If an audit or examination by Food Manager shall show that
Food Manager's compensation for the period covered by the audit has been
overpaid, the excess shall be applied to any amounts then due to Food Manager by
Hotel Manager and the balance, if any, shall promptly be refunded by Food
Manager to Hotel Manager. If an audit or an examination by Food Manager shall
show that Food Manager's compensation for the period covered by the audit has
been underpaid, Hotel Manager shall promptly pay to Food Manager the amount of
the difference between the amount previously paid and the correct amount due.
4.2 Yearly Budgets.
(a) The approved operating budget for the F&B Department for 1995
(the "1995 Yearly Budget") is attached hereto and made a part hereof as Exhibit
6.
(b) On or before September 1, 1995, and on or before September 1 of
each year thereafter, Food Manager will propose to Hotel Manager an annual
budget (the "Yearly Budget") for the F&B Department for the upcoming calendar
year. During the months of September and October, Hotel Manager and Food Manager
will consult with each other to review and revise Food Manager's submission in
-15-
order to develop a proposed Yearly Budget for the F&B Department which is
mutually satisfactory for submission on or before November 1 to Owner for its
approval as part of the annual budgeting process for the entire Hotel under the
Hotel Management Agreement. In the event that Food Manager and Hotel Manager,
despite using good faith efforts to do so, are unable to reach agreement on a
mutually satisfactory Yearly Budget for the F&B Department by November 1 of any
year, on such date, each of Food Manager and Hotel Manager shall submit a
proposed F&B Department Yearly Budget to Owner for its approval. In such event,
or in the event that Owner rejects the proposed Yearly Budget for the F&B
Department jointly developed by Food Manager and Hotel Manager as aforesaid,
then Owner, Hotel Manager and Food Manager shall cooperate with each other to
develop a mutually satisfactory Yearly Budget for the F&B Department. If Hotel
Manager and Food Manager each submits its own F&B Department Yearly Budget to
Owner as aforesaid, then Owner may approve either of such budgets or disapprove
them both. In the event that Owner does not approve a Yearly Budget for the F&B
Department prior to the commencement of the applicable calendar year, the
aggregate amount of the Yearly Budget for the F&B Department for the preceding
calendar year (exclusive of the F&B Department FF&E Budget, which shall be
governed by the provisions of Article 4.2(c) below, and exclusive of the
contingency fund, which shall be governed by Article 4.2(f) below) shall be
increased by an amount equal to the percentage increase in the Index (as
hereinafter defined) during such preceding calendar year, and as so increased,
-16-
shall be deemed to be the Yearly Budget for the F&B Department in effect until
such time as a new Yearly Budget for the F&B Department has been approved by
Owner. As used herein, the "Index" shall mean the Consumer Price Index for Urban
Wage Earners and Clerical Workers -- Series A (1982-84=100) as published by the
United States Bureau of Labor Statistics for the City of Chicago, Illinois; if
the compilation and/or publication of such index shall be discontinued or
transferred to any other governmental department or bureau or agency, Hotel
Manager shall fix an alternate index or method to implement the intention of the
preceding sentence.
(c) Any renovations or changes in decor or other expenditures for
repair and replacement of furniture, fixtures and equipment ("FF&E") with
respect to the F&B Department proposed to be made by Food Manager shall be
subject to the prior approval of Hotel Manager and Owner, and shall be included
in the Yearly Budget as the "F&B Department FF&E Budget." Food Manager, Hotel
Manager and Owner recognize the necessity of replacement of FF&E due to age,
wear, condition or obsolescence. Hotel Manager and Owner agree to authorize the
expenditure of such amounts therefor as shall be required in the normal and
ordinary course of operation of the F&B Department, so as to operate the F&B
Department in accordance with the Operational Standards.
(d) References in this Article 4.2 and elsewhere in this Agreement
to the Yearly Budget for the F&B Department (and phrases
-17-
of similar import) shall be deemed to include the portion of the Marketing
budget for the Hotel which is fairly allocable to the F&B Department. The
parties agree that for 1995, such portion is $150,000. For each year thereafter,
as part of the Yearly Budget process, the parties shall establish the portion of
the Hotel Marketing budget which is fairly allocable to the F&B Department, and
Food Manager shall direct, in accordance with the Yearly Budget, the advertising
for the F&B Department.
(e) Owner and Hotel Manager acknowledge and agree that there may
occur from time to time unpredicted significant changes, variables or events
affecting the operation of the F&B Department, including unanticipated changes
in Hotel occupancy rates, market conditions, or additional unanticipated items
of income or expense. In such event, Food Manager may request variance(s) from
the approved Yearly Budget which are reasonable and necessary to continue to
operate the F&B Department in accordance with the Operational Standards. Any
such request by Food Manager shall be submitted to Hotel Manager and Owner in
writing with an explanation thereof and shall be accompanied by supporting
information for the request. Hotel Manager's and Owner's approval of such a
request shall not be unreasonably withheld or delayed. References in this
Agreement to the approved Yearly Budget shall be deemed to incorporate any
revisions thereto made pursuant to this paragraph (e) and approved by Hotel
Manager and Owner as aforesaid.
-18-
(f) Each Yearly Budget will contain a contingency fund in the amount
of $25,000 (or such other amount as may hereafter be approved by Owner, Hotel
Manager and Food Manager on an annual basis), which shall be available to Food
Manager for items which are otherwise unbudgeted (e.g., for spontaneous
purchases of artifacts for the restaurant and cafe); provided, however, that
all expenditures under this paragraph (f) shall be subject to the prior approval
of the Food and Beverage Director and the Hotel General Manager.
(g) Food Manager shall operate the F&B Department in accordance with
the Yearly Budget therefor as approved by Hotel Manager and Owner. Food Manager
shall not, in the performance of its duties as provided in this Agreement, be
entitled to reimbursement for any expenditure if and to the extent that such
expenditure is not provided for in the then applicable Yearly Budget or
otherwise approved by Hotel Manager in advance, which approval shall not be
unreasonably withheld.
4.3 Payment of F&B Department Costs. Subject to and in accordance
with the provisions of this Agreement, all amounts on account of direct labor
and operating costs (including, without limitation, all salary and related
benefits for the Food Manager Employees, but specifically excluding the
Renovation Cost, which is covered separately in Article 8) reasonably incurred
during the term of this Agreement in connection with the operation of the F&B
-19-
Department in accordance with the terms of this Agreement, shall be paid for out
of the Operating Account by Hotel Manager pursuant to invoices therefor
submitted by the Food Manager to Hotel Manager, as provided in Article 7.1
hereof, but only to the extent that such amounts are provided for in, and are
incurred in accordance with, the then applicable Yearly Budget, or are otherwise
approved in writing in advance by Hotel Manager. (Such amounts are herein
collectively referred to as "Permissible Costs.") In no event shall Permissible
Costs include any amount on account of (i) any of Food Manager's internal costs
of operation, bookkeeping or overhead, (ii) any taxes imposed upon, or measured
by the gross or net income of, Food Manager (other than sales taxes upon F&B
Department revenues and employment-related taxes imposed upon the Food Manager
Employees at the Hotel), or (iii) any direct or indirect compensation, benefits
or other amounts which may be paid or payable by Food Manager to any person or
entity employed or engaged by Food Manager except and to the extent that such
amounts for any such person (including the Food Manager Employees) are provided
for in the then applicable Yearly Budget.
ARTICLE 5
COMPENSATION
In consideration of the services to be performed by Food Manager under
this Agreement, Food Manager shall be paid the Base Fee, the Departmental Profit
Incentive Fee and the GOP Incentive Fee (each as hereinafter defined and
collectively, the "Fees") from
-20-
and after the Full Commencement Date. No Fees shall be payable to Food Manager
in respect of the Initial Period. Examples of the calculation and payment of the
Fees are attached hereto and made a part hereof as Exhibit 4.
5.1 Base Fee.
(a) The "Base Fee" shall mean and refer to a fee equal to one and
one-half percent (1 1/2%) of Total F&B Department Revenue (as hereinafter
defined) with respect to each month during the term of this Agreement from and
after the Full Commencement Date. The Base Fee for the immediately preceding
month shall be paid monthly from the Operating Account on or before the
fifteenth (15th) day of each succeeding month. There shall be no Base Fee in
respect of the Initial Period.
(b) The term "Total F&B Department Revenue" shall mean, with respect
to any period, that portion of Total Hotel Sales (as defined in Exhibit 3)
derived from (or, if Total Hotel Sales include the proceeds of business
interruption insurance or the like, the portion of such insurance proceeds
fairly attributable to) the sale of food and beverages by the F&B Department
(including, without limitation, all catering revenues) and rental and other
miscellaneous income from the Hotel's function room(s), including audio/visual
rentals. Total F&B Department Revenue shall be determined on an accrual basis
and in accordance with the
-21-
Uniform System of Accounts for Hotels, as the same may be amended from time to
time (the "Uniform System of Accounts"), or in accordance with generally
accepted accounting principles, consistently applied.
5.2 Departmental Profit Incentive Fee.
(a) In respect of 1995, the "Departmental Profit Incentive Fee"
shall mean and refer to a fee equal to fifteen percent (15%) of Excess
Departmental Profits (as hereinafter defined). In respect of each Year
thereafter, the Departmental Profit Incentive Fee shall mean and refer to a fee
equal to seventeen and one-half percent (17 1/2%) of Excess Departmental Profits
for such Year. The Departmental Profit Incentive Fee shall be computed quarterly
(i.e., as of the end of the third, sixth, ninth and last month of each Year,
with Threshold Departmental Profits (as hereinafter defined) appropriately
prorated as of the end of each quarterly period), based upon cumulative Excess
Departmental Profits, if any, for the Year to date, and payment (net of previous
payments thereof for such Year) shall be made to Food Manager (or repayment, in
the event of a decrease in cumulative Excess Departmental Profits in any
quarter, shall be made by Food Manager) quarterly, on the twentieth (20th) day
of the month next following the end of each calendar quarter, with annual
adjustments, if applicable, upon final determination of Departmental Profits for
the Year in question. The Departmental
-22-
Profit Incentive Fee shall be computed separately for each Year, and there shall
be no Departmental Profit Incentive Fee in respect of the Initial Period.
(b) The term "Excess Departmental Profits" shall mean, in respect of
each Year, the excess, if any, of (i) Departmental Profits (as hereinafter
defined) over (ii) Threshold Departmental Profits for such Year. "Threshold
Departmental Profits" shall mean (i) for 1995, $1,060,164 (being 105% of
Departmental Profits for calendar year 1993 (January 1, 1993 through December
31, 1993) which were $1,009,680); (ii) for 1996, $1,113,172 (being 105% of
Threshold Departmental Profits for 1995); (iii) for 1997, $1,168,831 (being
105% of Threshold Departmental Profits for 1996); and (iv) for 1998 and each
Year thereafter, $1,227,273 (being 105% of Threshold Departmental Profits for
1997).
(c) "Departmental Profits" shall mean, in respect of each Year, the
profits attributable to the F&B Department calculated in accordance with Exhibit
2 attached hereto and made a part hereof. Departmental Profits shall be
determined on an accrual basis and in accordance with the Uniform System of
Accounts or in accordance with generally accepted accounting principles,
consistently applied. Departmental Profits for each Year shall be determined in
a manner consistent with the calculation of Departmental Profits for 1993,
excepting only for the additional deductions provided for in paragraphs (d) and
(e) below.
-23-
(d) In calculating Departmental Profits for each Year, there shall
be a deduction for the excess ("Advertising and Promotional Excess"), if any, of
(i) the advertising and promotional costs actually incurred by the Hotel in
respect of the F&B Department for such Year (which costs shall be included in
the Yearly Budget or otherwise expressly approved by Hotel Manager), over (ii)
$30,000.00 (the "Advertising and Promotional Threshold Amount") (being the
historical advertising and promotion expenditure level for the Hotel fairly
allocable to the F&B Department, which have not been, and will not be, charged
against Departmental Profits). In no event will any advertising or promotional
expenditures in respect of the Hotel, other than the Advertising and Promotional
Excess, be charged against Departmental Profits.
(e) For the first seven (7) Years (i.e., through December 31, 2001),
the calculation of Departmental Profits shall also include a deduction for
Annual Renovation Amortization (as hereinafter defined).
5.3 GOP Incentive Fee.
(a) In respect of 1995, the "GOP Incentive Fee" shall mean and refer
to a fee equal to two and one-half percent (2 1/2%) of Excess GOP (as
hereinafter defined). In respect of each Year thereafter, the GOP Incentive Fee
shall mean and refer to a fee
-24-
equal to five percent (5%) of Excess GOP. The GOP Incentive Fee shall be
computed quarterly (i.e., as of the end of the third, sixth, ninth and last
month of each Year, with Threshold GOP (as hereinafter defined) appropriately
prorated as of the end of each quarterly period), based upon cumulative Excess
GOP, if any, for the Year to date, and payment (net of previous payments thereof
for such Year) shall be made to Food Manager (or repayment, in the event of a
decrease in cumulative Excess GOP in any quarter, shall be made by Food Manager)
quarterly, on the twentieth (20th) day of the month next following the end of
each calendar quarter, with annual adjustments, if applicable, upon final
determination of Gross Operating Profit for the Year in question. The GOP
Incentive Fee shall be computed separately for each Year, and there shall be no
GOP Incentive Fee in respect of the Initial Period.
(b) The term "Excess GOP" shall mean, in respect of each Year, the
excess, if any, of (i) Gross Operating Profit (as hereinafter defined) over (ii)
Threshold GOP for such Year. "Threshold GOP" shall mean (i) for 1995, $4,275,752
(being 105% of Gross Operating Profit for calendar year 1993 (January 1, 1993
through December 31, 1993), which was $4,072,145); (ii) for 1996, $4,489,540
(being 105% of Threshold GOP for 1995); (iii) for 1997, $4,714,017 (being 105%
of Threshold GOP for 1996); and (iv) for 1998 and each Year thereafter,
$4,949,718 (being 105% of Threshold GOP for 1997).
-25-
(c) "Gross Operating Profit" shall mean, in respect of each Year,
the amount, if any, by which Total Hotel Sales (as defined in Exhibit 3) for
such Year exceed Operating Costs (as defined in Exhibit 3) for such Year. For
purposes of clarification, Gross Operating Profit shall be calculated in
accordance with Exhibit 3 attached hereto and made a part hereof. Gross
Operating Profit shall be determined on an accrual basis and in accordance with
the Uniform System of Accounts or in accordance with generally accepted
accounting principles, consistently applied. Gross Operating Profit for each
Year shall be determined in a manner consistent with the calculation of Gross
Operating Profit for 1993, excepting only for the deduction of Annual Renovation
Amortization provided for in paragraph (d) below.
(d) For the first seven (7) Years, the calculation of Gross
Operating Profit shall include a deduction for Annual Renovation Amortization.
-26-
ARTICLE 6
USE OF TRADENAMES
6.1 Use of Name.
(a) During the term of this Agreement, the second floor restaurant
shall be known and designated as a "Park Avenue Cafe" and the first floor bistro
shall be known and designated as "Mrs. Park's Tavern," unless and until parties
hereto agree to the use of some other name(s). As used herein, the term "Food
Manager Tradenames" shall mean and include (i) the name "Park Avenue Cafe," (ii)
the name "Mrs. Park's Tavern," and (iii) any other name, tradename, logo,
trademark or service xxxx which may now or hereafter be used in connection with
the Hotel restaurant and bistro, and any name, tradename, logo, trademark or
service xxxx similar thereto, other than those owned by Owner or Hotel Manager.
(b) It is acknowledged that the Food Manager Tradenames are
registered service marks of the Guarantor and/or Food Manager (as the case may
be) and that the Food Manager Tradenames are and will continue to be the sole
property of the Guarantor and/or Food Manager. Provided, however, Food Manager
hereby consents, and to the extent necessary shall cause the Guarantor to
provide its consent, to the terms and conditions of this Agreement as the same
relate to the use of the Food Manager Tradenames by Hotel Manager and Owner in
connection with the Hotel. It is acknowledged that
-27-
the failure of the Hotel to enjoy the continued use of the Food Manager
Tradenames for any reason other than Hotel Manager's or Owner's default
hereunder shall constitute an Event of Default by Food Manager under Article
10.1(a). It is further acknowledged and agreed that Hotel Manager and Owner
shall have the right to use the Food Manager Tradenames only in connection with
the Hotel and associated chain-wide advertising (as more particularly provided
in Article 6.2 below) and otherwise in accordance with the terms of this
Agreement.
(c) Food Manager agrees that during the term of this Agreement (and
during any Post-Termination Licensing Period, as such term is hereinafter
defined, and during the period referred to in Article 12.1(c), if applicable)
the Food Manager Tradenames shall be used in the Metropolitan Chicago area (as
more particularly described in Exhibit 5) exclusively in connection with the
Hotel, and neither Food Manager, the Guarantor nor any other NYRG affiliate
shall use, or license, or otherwise permit anyone else to use, the Food Manager
Tradenames in connection with any other restaurant (or other food and beverage
operation) in the Metropolitan Chicago area. It is agreed that the use of the
Food Manager Tradenames by the Hotel shall be non-exclusive, and, except within
the Metropolitan Chicago area, Food Manager, the Guarantor and NYRG (and their
respective affiliates) may use, and license others to use, the Food Manager
Tradenames for any purpose whatsoever, including, without limitation, in
connection with other
-28-
businesses outside of the Metropolitan Chicago area. Further, nothing in this
Agreement shall restrict NYRG, the Guarantor, Food Manager or any of their
respective affiliates from (i) opening or operating any restaurant in the
Metropolitan Chicago area under a name other than a Food Manager Tradename, (ii)
opening or operating additional restaurants under the Food Manager Tradenames
outside of the Metropolitan Chicago area without the participation of Hotel
Manager or Owner, or (iii) advertising within the Metropolitan Chicago area for
restaurants operated under the Food Manager Tradenames outside of the
Metropolitan Chicago area. Provided, however, that nothing herein shall permit
NYRG, the Guarantor, Food Manager or any of their affiliates from using, or
licensing others to use, whether inside or outside the Metropolitan Chicago
area, any tradename which is used exclusively at the Hotel (other than the Food
Manager Tradenames themselves, to the extent permitted above), and any such
tradename used exclusively at the Hotel (other than the Food Manager Tradenames
as aforesaid) shall at all times be and remain the sole and exclusive property
of Hotel Manager or Owner (as the case may be). In addition, it is expressly
understood and agreed that all of Hotel Manager's tradenames (including, without
limitation, the names "Guest Quarters," "Doubletree" and "Doubletree Guest
Suites") shall at all times be and remain the sole and exclusive property of
Hotel Manager.
6.2 Advertising Materials. During the term of this Agreement (including
any Post-Termination Licensing Period and during the
-29-
period referred to in Article l2.1(c), if applicable), Owner and Hotel Manager
shall have the right to utilize the Food Manager Tradenames in advertising
materials and other marketing efforts in connection with the Hotel (including,
without limitation, in Hotel Manager's chain-wide advertising and promotional
materials in connection with the Hotel). Any such advertising or promotional
materials which refer to the Food Manager Tradenames, or which otherwise refer
to restaurant operations conducted by the Guarantor, Food Manager or other NYRG
affiliates, other than listings by name of Hotel facilities in Hotel Manager's
brochures and the like, shall be subject to the prior approval of Food Manager,
which approval shall not be unreasonably withheld or delayed. During the term of
this Agreement (including any Post-Termination Licensing Period and during the
period referred to in Article 12.1(c), if applicable), NYRG, the Guarantor and
Food Manager (and their respective affiliates) shall have the right to advertise
the Hotel's restaurant and bistro in cooperative "multi-restaurant"
advertisements, provided that any such advertising shall be subject to the prior
approval of Hotel Manager, which approval shall not be unreasonably withheld or
delayed.
6.3 Rights Upon Termination.
(a) Subject to the provisions of subparagraphs (b) and (c) of this
Article 6.3 and of Article 12.1(c), upon the expiration of the term of this
Agreement or upon any sooner termination of
-30-
this Agreement for any reason whatsoever, the Food Manager Tradenames shall not
thereafter be used in connection with the F&B Department or otherwise in
connection with the Hotel. In addition, at the request of Food Manager and at
Food Manager's expense, upon termination of this Agreement (or, if applicable,
following the end of the Post-Termination Licensing Period or, if applicable,
following the end of the period referred to in Article 12.1(c)), items of decor
in the Hotel restaurant and cafe bearing the distinctive and identifying colors
associated with the Food Manager Tradenames will be changed or replaced by Hotel
Manager, provided that (i) Owner approves such changes and/or replacements,
which approval shall not be unreasonably withheld, and (ii) Food Manager
deposits with Hotel Manager in advance sufficient funds to cover the cost of
such changes and/or replacements.
(b) In the event of a termination of this Agreement by reason of an
Event of Default by Food Manager under Article 10, or any termination pursuant
to Articles 2.3 or 2.4 hereof, Hotel Manager and Owner, at their sole
discretion, may elect to continue to retain the right to use the Food Manager
Tradenames (or any of them) for a period (the "Post-Termination Licensing
Period") of up to nine (9) months after the effective termination date for a
license fee of five percent (5%) of the portion of Total Hotel Sales generated
by the Trade Name Operations during such period. The provisions of this Article
6.3(b) shall continue in full force and effect during the Post-Termination
Licensing Period.
-31-
(c) Notwithstanding anything to the contrary set forth herein,
following the termination of this Agreement (or, if applicable, following the
end of the Post-Termination Licensing Period or, if applicable, following the
end of the period referred to in Article 12.1(c)), Hotel Manager and Owner shall
have the right to continue to use disposable items and operating supplies
setting forth or otherwise containing the Food Manager Tradenames which are in
Hotel Manager's or Owner's possession or irrevocably ordered at the time of any
termination of this Agreement (including at the expiration of any
Post-Termination Licensing Period or of the period referred to in Article
12.1(c), if applicable) until such items are depleted or have passed their
useful lives. Provided, however, that Food Manager shall have the absolute right
to purchase any such disposable items and supplies upon notice to Hotel Manager
and Owner for a price equal to their original cost to the Hotel. The provisions
of this Article 6.3(c) shall survive any termination of this Agreement.
(d) Following the later of (i) the termination of this Agreement or
(ii), if applicable, the end of the Post-Termination Licensing Period or (iii),
if applicable, the end of the period referred to in Article 12.1(c), the
restrictions on the use of the Food Manager's Tradenames in the Metropolitan
Chicago area set forth in Article 6.1(c) above shall terminate, and Food
Manager, the Guarantor and/or NYRG (and their respective affiliates) shall have
the right to use, or license, or otherwise permit anyone else
-32-
to use, the Food Manager Tradenames in connection with any other restaurant (or
other food and beverage operation) within (as well as outside of) the
Metropolitan Chicago area, without the consent or participation of Hotel Manager
or Owner.
ARTICLE 7
OPERATING ACCOUNT
7.1 Operating Account.
(a) All cash revenues derived from the Trade Name Operations and the
House F&B Operations shall be deposited in the Hotel bank account (the
"Operating Account") opened by Hotel Manager in the name of Owner. Hotel Manager
shall have absolute control of the Operating Accounting and checks or other
items of withdrawal shall be signed only by the designees of Hotel Manager,
acting singly or jointly.
(b) Hotel Manager from time to time during the term of this
Agreement shall pay from the Operating Account funds required to pay Permissible
Costs as and when such Permissible Costs are incurred in accordance with this
Agreement, which funds shall be paid within thirty (30) days after payment of
such funds is requested in writing by Food Manager or, if later, when payment is
otherwise due to third parties. Such written requests ("Requisitions") shall be
in such form and shall include such
-33-
supporting documentation as Hotel Manager may reasonably require. In addition,
purchase orders shall be subject to the authorization and other requirements set
forth in paragraph (a) of Article 1.2. Notwithstanding anything to the contrary
contained in this Agreement, Hotel Manager shall have no obligation to advance
Permissible Costs or any of the Fees to Food Manager unless there are sufficient
funds in the Operating Account to make such payments, it being understood and
agreed that it shall be Owner's responsibility to provide sufficient funds to
the Operating Account for such purposes as set forth in Article 14 below.
ARTICLE 8
RENOVATION
8.1 Restaurant Renovation. The Hotel restaurant and lounge have been
renovated (the "Renovation") pursuant to plans and specifications which were
jointly developed by Hotel Manager and Food Manager, and approved by Owner. As
of the Execution Date, Food Manager has funded ten percent (10%) of the cost of
the Renovation (the "Food Manager's Renovation Contribution"). The balance of
the cost of the Renovation has been funded by Owner ("Owner's Renovation
Contribution").
8.2 Annual Renovation Amortization and Payments. The total cost of the
Renovation (the "Renovation Cost," which is $2,800,000), together with a fifteen
percent (15%) annual return on
-34-
the outstanding balance thereof from time to time, will be amortized in seven
(7) equal annual installments ("Annual Renovation Amortization") of principal
and return thereon payable to Food Manager and credited to Owner, respectively,
in arrears on or before January 31 following the end of each of the first seven
(7) Years, on a pro rata basis, in the proportions which the Food Manager
Renovation Contribution and the Owner's Renovation Contribution, respectively,
bear to the total Renovation Cost. Accordingly, the Annual Renovation
Amortization will be $673,009 each year, Food Manager's proportionate share
thereof will be $67,301, and Owner's proportionate share thereof will be
$605,708. Provided, however, in the event that this Agreement is terminated for
any reason other than Hotel Manager's default hereunder prior to the end of the
seventh (7th) Year (i.e., prior to December 31, 2001), Food Manager's right to
receive its share of Annual Renovation Amortization will also terminate, except
(i) as otherwise provided in Article 2.5(a) above, and (ii) in any event Food
Manager will be entitled to receive a pro rata portion of its share of Annual
Renovation Amortization in respect of the Year in which this Agreement
terminates, pro rated to the effective termination date.
8.3 Subsequent Adjustment. Notwithstanding anything to the contrary
contained in the foregoing, the parties acknowledge that the $2,800,000
Renovation Cost set forth above is an estimate as of the date hereof and will be
subject to subsequent adjustment
-35-
based upon a final accounting of the Renovation Cost to be made by Owner, Hotel
Manager and Food Manager. When the Renovation Cost is finally determined as
aforesaid, Food Manager and Owner will each contribute their proportionate share
(10% and 90%, respectively) of such cost in excess of $2,800,000, whereupon the
Renovation Cost, the Annual Renovation Amortization, and Food Manager's and
Owner's proportionate shares thereof will be appropriately adjusted to reflect
the actual total cost of the Renovation.
ARTICLE 9
INDEMNITY AND INSURANCE
9.1 Indemnity by Owner. Except to the extent caused by the negligence or
other wrongful act or omission of Food Manager or Food Manager's breach of this
Agreement, Owner agrees to defend, indemnify and hold harmless Food Manager (its
officers, directors, partners and employees) against and from any uninsured
liability for injury to persons or damage to property, either in and about the
Hotel or elsewhere, and for employment-related claims made by F&B Department
employees, arising in connection with the performance of this Agreement by Food
Manager, its agents, employees or independent contractors, provided that such
performance shall have been within the scope of Food Manager's authority under
this Agreement or shall have been pursuant to the express instructions of Owner,
Hotel Manager or any other duly authorized representative of Owner. For purposes
of this Article
-36-
9.1, the parties agree that Food Manager shall be deemed to be uninsured with
respect to the deductible under any applicable insurance coverage of Owner, and
(if Owner is otherwise responsible to indemnify Food Manager under this Article
9.1 with respect to the liability in question) Owner shall indemnify Food
Manager (its officers, directors, partners and employees) for the amount of such
deductible. Food Manager agrees to cooperate with Owner in all reasonable ways
in carrying out Owner's responsibility hereunder and to notify Owner of all
losses of which Food Manager has knowledge.
9.2 Indemnity by Food Manager. Except to the extent caused by the
negligence or other wrongful act or omission of Owner or Owner's breach of this
Agreement, Food Manager shall defend, indemnify and hold harmless Owner (its
officers, directors, partners and employees) against and from, and shall
reimburse Owner (its officers, directors, partners and employees) for, all
uninsured claims (including, without limitation, employment-related claims made
by Food Manager Employees), damages, expenses (including, without limitation,
attorneys' fees) and liability of Owner (its officers, directors, partners or
employees) arising from (a) any breach by Food Manager of the terms of this
Agreement, (b) any negligent or other wrongful act or omission of Food Manager
or any of its employees or agents in the performance of Food Manager's duties
hereunder, or (c) any unauthorized acts of Food Manager or any of its employees
or agents. The foregoing indemnity provisions
-37-
in favor of Owner shall apply with equal force to the benefit of Hotel Manager
and any other duly authorized representative(s) of Owner (and their respective
officers, directors, partners and employees). For purposes of this Article 9.2,
the parties agree that Owner, Hotel Manager and Owner's other representatives
shall be deemed to be insured with respect to the deductible under any
applicable insurance coverage of Owner and with respect to any insurance which
Owner is required to maintain under Article 9.3 below but fails to maintain; and
Food Manager shall not be required to indemnify Owner, Hotel Manager or other
representatives of Owner with respect to the amount of such deductible, or with
respect to the amount of an uninsured claim which Owner was required but failed
to insure against as aforesaid, even if Food Manager is otherwise responsible to
indemnify Owner, Hotel Manager and Owner's other representatives under this
Article 9.2 with respect to the liability in question. Provided further,
however, in the case of property damage to the Hotel or its contents caused by
the gross negligence of Food Manager or its employees, the preceding sentence
shall not apply to a deductible of up to $10,000 per occurrence under the
Owner's property damage insurance for the Hotel, and Food Manager shall be
responsible for property damage to the Hotel and/or its contents caused by the
gross negligence of Food Manager or any of its employees up to the amount of
such deductible or $10,000, whichever is less.
-38-
9.3 Insurance Requirements. (a) At all times during the term of this
Agreement, Owner shall procure and maintain, as an Operating Cost of the Hotel,
(i) broad form commercial general liability insurance (including, but not
limited to, bodily injury liability, property damage liability, personal injury
liability, advertising injury liability, product liability, completed operations
and blanket contractual liability insurance, and any and all other liability
coverages as would normally be obtained by prudent owners of similar hotel
properties, provided such coverages are available to Owner at commercially
reasonable rates) for the benefit of Owner, Hotel Manager, Food Manager and NYRG
(or any successor thereto), as named or additional named insureds, in an amount
not less than $25,000,000 in respect of any one occurrence with an aggregate
amount limit of at least $25,000,000, subject to such deductibles as Owner deems
appropriate, and (ii) liquor liability insurance naming Owner, Hotel Manager,
Food Manager and the Guarantor (or any successor thereto) as named or additional
named insureds with single-limit coverage of at least $25,000,000 for each
occurrence, and with an aggregate annual limit of at least $25,000,000, subject
to such deductibles as Owner deems appropriate. (The parties acknowledge and
agree that Owner shall be responsible for covering the amount of any such
deductible with respect to any such liability insurance, as more particularly
provided in Articles 9.1 and 9.2 above.) Owner and Food Manager shall each
procure and maintain, as an Operating Cost of the Hotel, workers' compensation
insurance and any other statutorily required
-39-
insurance for their respective employees who are stationed at the Hotel (which,
in the case of Food Manager, are the Food Manager Employees) in the amount
required by applicable law.
(b) During the term of this Submanagement Agreement, Owner, at its
expense, shall procure and maintain upon the Hotel, all food and beverage
supplies at the Hotel, and all equipment, fixtures, motors, machinery,
furnishings and furniture installed and owned or leased by Owner and used in
connection with the Hotel, including all alterations, rebuildings, replacements
and additions thereto, so-called "all risk" property damage insurance in an
amount equal to the "Full Insurable Value" thereof (as hereinafter defined),
subject, at the option of Owner, to commercially reasonable deductibles, but in
any event in an amount not less than that required to avoid the operation and
effect of any co-insurance provisions in said policies. As used herein, the term
"Full Insurable Value" shall mean actual replacement cost (exclusive of the cost
of excavation, foundations and footings below the lowest basement floor).
Insurance policies written with no co-insurance clause will satisfy the
foregoing requirements to carry insurance in an amount equal to "Full Insurable
Value" as aforesaid. In addition, Owner shall procure and maintain, at its
expense, business interruption insurance providing coverage for a period of
business interruption of no less than one year, in an amount mutually
satisfactory to Hotel Manager and Owner.
-40-
(c) All insurance provided for under this Article 9.3 shall be
effected by policies issued by insurance companies of good reputation and of
sound financial responsibility. Such insurance may be carried under blanket
policies covering the Hotel and other locations provided such policies otherwise
comply with the requirements of this Article 9.3. Certificates of such insurance
coverage shall be delivered by Owner to Food Manager from time to time upon
request. All such policies of insurance shall provide that such policies shall
not be cancelled or materially changed without at least thirty (30) days prior
written notice to Food Manager. Owner shall use all reasonable efforts to cause
any policy which it is responsible to obtain under Article 9.3(b) to provide
that the insurer shall not have any rights of subrogation with respect to any
claim which Owner may have or acquire against Food Manager.
ARTICLE 10
DEFAULT AND TERMINATION
10.1 Events of Default. It shall be an event of default hereunder (an
"Event of Default") if any one or more of the following events shall occur:
(a) If a party (the "Defaulting Party," which term for the purposes
of this Article 10 may include Owner, Hotel Manager or
-41-
Food Manager) shall be in default of any of its obligations under this
Agreement;
(b) If a party (the "Defaulting Party") shall voluntarily or
involuntarily be dissolved (except that if a party is a partnership and is
dissolved solely by reason of the death, insanity, disappearance, bankruptcy or
lack of legal capacity of one or more of its general partners and its remaining
partners, within 60 days, elect, pursuant the partnership agreement of such
partnership, to continue such partnership's business, then such party shall not
be considered as "dissolved" for the purposes hereof); apply for or consent to
the appointment of a receiver, trustee or liquidator of all or a substantial
part of its assets; file a voluntary petition in bankruptcy or otherwise
voluntarily avail itself of any federal or state laws for the relief of debtors;
admit in writing its inability to pay its debts as they become due; make a
general assignment for the benefit of creditors; file a petition or an answer
seeking reorganization or arrangement with creditors or to take advantage of any
insolvency law or file an answer admitting the material allegations of any
petition filed against it in any bankruptcy, reorganization or insolvency
proceeding; or if an order, judgement or decree shall be entered by any court of
competent jurisdiction, in the application of any one or more creditors of such
Defaulting Party adjudicating it a bankrupt or insolvent or approving a petition
seeking reorganization or appointing a receiver, trustee or liquidator of
-42-
all or a substantial part of its assets, and such order, judgment or decree
shall become final.
(c) If any of the events specified under clause (b) above shall
occur with respect to the Guarantor, in which event Food Manager shall be the
Defaulting Party.
10.2 Termination.
(a) Upon the occurrence of any Event of Default under clause (a)
of Article 10.1, the Non--Defaulting Party (as hereinafter defined) shall
have the right (exercisable by giving notice to the Defaulting Party to
terminate this Agreement if the Defaulting Party fails to remedy such Event
of Default within ten (10) days after its receipt of notice to remedy if such
default relates to the payment of a sum of money and, in all other cases,
within thirty (30) days after its receipt of notice to remedy; provided that
if such Event of Default be of a non-monetary nature and if it cannot
reasonably be remedied within said thirty (30) day period, then such thirty
(30) day period shall be deemed to be extended for such additional period as
may reasonably be required to remedy the same if the Defaulting Party shall
promptly commence to remedy upon receipt of notice from the other party (the
"Non--Defaulting Party") and shall continue therewith with due diligence.
-43-
(b) This Agreement shall terminate automatically, without need for
notice or further action, upon the occurrence of an Event of Default under
clauses (b) or (c) of Article 10.1, unless the Non-Defaulting Party otherwise
elects.
(c) In the event that Food Manager is the Defaulting Party, the
Non-Defaulting Party hereunder shall, for purposes of this Article 10.2, be
deemed to be Hotel Manager. In the event that Hotel Manager or Owner is the
Defaulting Party, the Non-Defaulting Party hereunder shall, for purposes of this
Article 10.2, be deemed to be Food Manager. It is further agreed that Hotel
Manager shall not have the right to terminate this Agreement due to an Event of
Default by Owner hereunder.
(d) The election to terminate this Agreement shall not be exclusive,
and the parties shall have, cumulatively, with or without termination, any and
all other rights and remedies which may be provided at law or in equity.
Provided, however, in no event shall Owner, Hotel Manager or Food Manager ever
be liable for consequential damages hereunder.
(e) Notwithstanding anything to the contrary contained in this
Article 10 or otherwise in this Agreement, (i) Owner shall not be liable to Food
Manager for any Event of Default by Hotel Manager hereunder and (ii) Hotel
Manager shall not be liable to Food Manager for any Event of Default by Owner
hereunder (including
-44-
any failure by Owner to provide funds as required under Article 14 below). In
either case, Food Manager shall have the right to terminate this Agreement
pursuant to Article 10.2 (a) or 10.2 (b), as applicable, but shall have no
other recourse against the other non-defaulting party; however, Food Manager
shall have recourse against the Defaulting Party (Owner or Hotel Manager, as the
case may be) as provided in Article 10.2(d).
ARTICLE 11
APPLICABLE LAW
11.1 Scope. The interpretation, validity and performance of this Agreement
shall be governed by the laws of Illinois. In the event any court or appropriate
judicial authority shall hold or declare that the law of another jurisdiction is
applicable, this Agreement shall remain enforceable under the laws of that
jurisdiction. If any of the terms and provisions hereof shall be held invalid or
unenforceable for any reason, such invalidity or unenforceability shall in no
event affect any of the other terms or provisions hereof, all such other terms
and provisions to be valid and enforceable to the fullest extent permitted by
law.
-45-
ARTICLE 12
SUCCESSORS AND ASSIGNS
12.1 Assignment by Food Manager.
(a) Food Manager shall not have the right to sell, assign, pledge or
otherwise transfer this Management Agreement or its rights and interests
hereunder, nor shall any beneficial ownership interest in Food Manager be sold,
assigned, pledged or otherwise transferred (each of the foregoing being
hereinafter sometimes called a "Food Manager Transfer"), without the prior
written consent of Hotel Manager, except in accordance with the provisions of
this Article 12. A Food Manager Transfer shall also be deemed to have occurred
if Food Manager ceases to be a Xxxxxxxx Entity (as hereinafter defined).
(b) Provided, however, without the consent of, but subject to prior
notice to, Hotel Manager, (A) Food Manager shall have the right to assign this
Agreement to (i) any successor or assignee of Food Manager which may result from
a merger, consolidation or reorganization with, or sale or assignment to, any
corporation, individual, partnership or other entity which shall acquire all or
substantially all of NYRG's business, provided that, in the reasonable judgment
of Hotel Manager, the successor or assignee has (or the principals of such
successor or assignee have) a good reputation and financial resources and food
and beverage
-46-
operating experience reasonable and commensurate with NYRG's at the time of
transfer, or (ii) to any entity which is more than twenty percent (20%)
beneficially owned, directly or indirectly, and controlled by Xxxxxxxx (as
hereinafter defined) or members of his immediate family and of which Xxxxxxxx
himself is the Chief Executive Officer (a "Xxxxxxxx Entity"); and (B) transfers
of beneficial ownership interests in Food Manager shall be permitted so long as
Food Manager remains a Xxxxxxxx Entity. Provided further, however, for purposes
of this Article 12.1, Hotel Manager will agree to reduce or modify the
applicable requirements for a Xxxxxxxx Entity if Hotel Manager is satisfied, in
its reasonable discretion (e.g., in the context of a proposed public offering by
Food Manager or a proposed assignee, as the case may be), that Xxxxxxxx in fact
retains sufficient financial interest in, and control of, Food Manager or a
proposed assignee (as the case may be) to insure Xxxxxxxx'x continued
substantial involvement in and control of the operations of Food Manager or the
proposed assignee (as the case may be). As used herein, Xxxxxxxx shall mean Xxxx
X. Xxxxxxxx; provided, however, in the event of the death, incapacity or
retirement of Xxxx X. Xxxxxxxx, Food Manager shall have the right to designate
one or more other individuals whose reputation and food and beverage operating
experience (collectively, if more than one) are commensurate with those of Xxxx
X. Xxxxxxxx to act as the principal(s) and chief executive officer(s) of Food
Manager or a proposed assignee (as the case may be), and if Hotel Manager, in
its reasonable discretion, approves such designated individual(s),
-47-
the term "Xxxxxxxx" shall thereafter refer to such other person(s). Any
permitted assignee must assume and agree in writing to be bound by the terms of
this Agreement. No such assignment or transfer will relieve the Guarantor of its
continuing guaranty of the Food Manager's obligations under this Agreement, nor
deprive Hotel Manager or Owner of their continuing rights to use the Food
Manager Tradenames in connection with the Hotel as set forth in this Agreement.
(c) In the event of a Food Manager Transfer which is not permitted
under this Agreement and with respect to which Hotel Manager refuses to give its
consent, Hotel Manager may terminate this Agreement upon thirty (30) days
notice. In the event of such termination, Owner and Hotel Manager will have the
right to continue to use the Food Manager Tradenames, at no cost, for a period
equal to what would have been one-half of the remaining term of this Agreement.
(d) Food Manager warrants and represents that, as of the date
hereof, it is a Xxxxxxxx Entity. From time to time upon request by Hotel
Manager, Food Manager shall furnish to Hotel Manager sufficient information with
regard to the ownership, management and control of Food Manager so as to enable
Hotel Manager to determine whether or not Food Manager remains a Xxxxxxxx
Entity.
-48-
ARTICLE 13
FORCE MAJEURE
13.1 Operation of Hotel. If at any time during the term hereof it becomes
necessary in Hotel Manager's reasonable opinion to cease operation of the Hotel
in order to protect the Hotel and/or the health, safety and welfare of the
guests, tenants, and/or employees of the Hotel for reasons of force majeure such
as, but not limited to, acts of war, insurrection, civil strife and commotion,
labor unrest or acts of God, then in such event Hotel Manager may close and
cease operation of all or part of the Hotel (including, without limitation, the
Trade Name Operations), reopening and commencing operation when Hotel Manager
deems that such may be done without jeopardy to the Hotel, its guests, tenants,
and employees.
13.2 Extension of Time. It is further understood and agreed that with
respect to any obligation to be performed by a party during the term of this
Agreement, such party shall in no event be liable for failure to do so when
prevented by any force majeure cause beyond the reasonable control of such party
such as strike, lockout, breakdown, accident, order or regulation of or by any
governmental authority, failure of supply or inability, by the exercise of
reasonable diligence, to obtain supplies, parts or employees necessary to
perform such obligation, or war or other emergency. The time within which such
obligation shall be
-49-
performed shall be extended for a period of time equivalent to the delay from
such cause. The inability to fund monetary obligations hereunder shall in no
event be considered a force majeure event.
ARTICLE 14
COVENANTS OF OWNER
14.1 General. (a) Owner agrees to cooperate with Hotel Manager and with
Food Manager in every reasonable and proper way to permit and assist Food
Manager to carry out its responsibilities under this Agreement, including,
without limitation, to enable Food Manager to operate the F&B Department in
accordance with the Operational Standards.
14.2 Funding. Owner shall timely provide all funds, both initially and
throughout the term of this Agreement, as shall be necessary to perform and
satisfy Owner's covenants and responsibilities under this Agreement, including,
without limitation, funds necessary to pay all Permissible Costs (as provided in
Article 7.1), the compensation of Food Manager hereunder (as provided in Article
5) and Owner's Renovation Contribution (as provided in Article 8).
Notwithstanding anything to the contrary herein contained, Hotel Manager shall
not be obligated to provide its own funds for any purpose under this Agreement.
-50-
14.3 Restriction on Hiring Food Manager Employees. Without the consent of
Food Manager, Owner will not hire any Food Manager Employee to work at the Hotel
for a period of twelve (12) months after such Food Manager Employee ceases to
work for Food Manager at the Hotel.
ARTICLE 15
GENERAL PROVISIONS
15.1 Authorization. Hotel Manager represents that it has full power and
authority to execute this Agreement and to be bound by and perform the terms
hereof. Food Manager represents that it has full power and authority to execute
this Agreement and to be bound by and perform the terms hereof. On request each
party shall furnish the other evidence of such authority.
15.2 Formalities. Any change to or modification of this Agreement must be
in writing signed by both parties hereto and consented to by Owner. This
Agreement shall be executed in one or more counterparts, each of which shall be
deemed an original. The captions for each Article are intended for convenience
only.
15.3 Consents. Except as otherwise expressly provided in this Agreement,
wherever in this Agreement it is provided that an act or proposed act of Hotel
Manager or Food Manager is subject to the consent or approval of the other, such
consent or approval shall
-51-
not be unreasonably withheld or delayed. If pursuant to this Agreement, the
approval or consent ("consent") of one party hereto is required for any act or
matter contemplated by the other party, the party desiring such consent shall
give to the party whose consent is desired, notice specifying in reasonable
detail, the matter to which consent is requested.
15.4 Notices. All notices required to be given under the terms of this
Agreement or which any of the parties may desire to give hereunder shall be in
writing and delivered personally or sent by registered or certified mail, return
receipt requested, postage prepaid, or by a recognized overnight delivery
service, delivery charges prepaid, addressed as follows or sent by telecopier to
the telecopier numbers listed below (with a copy sent by hand, mail or overnight
delivery service as aforesaid and addressed as follows):
-52-
(a) If to Hotel Manager:
Doubletree Partners
c/o Doubletree Hotels Corporation
000 Xxxxx 00xx Xxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
Attn: Xxxxxxx X. Xxxxxxxx, President
Telecopier No. (000) 000-0000
with a copy to:
Xxxxx and Xxxxxx
00 Xxxxx Xxxxx
Xxxxxx, XX 00000
Attn: Xxxxxx Xxxxxxx, Esq.
Telecopier No. (000) 000-0000
(b) If to Food Manager:
Xxx. Xxxxx Management Company, L.L.C.
c/o The New York Restaurant Group
0000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxx X. Xxxxxxxx
Telecopier No. (000) 000-0000
-53-
with a copy to:
Xxxxxxxx and Xxxxxxxx
000 Xxxxx Xxxxxx
Xxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx X. Xxxxxxxx, Esq.
Telecopier No. (000) 000-0000
(c) If to Owner:
Chicago HSR Limited Partnership
c/o General Electric Investment Corporation
X.X. Xxx 0000
Xxxxxxxx, Xxxxxxxxxxx 00000
Attn: Xxxxx X. Xxxxxxxxxx
Telecopier No. (000) 000-0000
or to such other address as the party to whom such notice is directed may from
time to time designate by written notice in like manner to the other parties
hereto. Any notices given by Food Manager, Hotel Manager or Owner hereunder
shall be given to both of the other parties named herein.
15.5 Entire Agreement. This Agreement constitutes the entire understanding
among the parties with respect to the subject matter hereof and no amendment,
modification or alteration of the terms
-54-
hereof shall be effective or binding unless the same be in writing and signed by
all of the parties hereto.
15.6 Waivers. No default of any party hereunder shall be deemed to be
waived by any other party, unless such waiver is made in writing.
15.7 Relationship. Food Manager is an independent contractor. Neither this
Agreement nor the operation of the F&B Department as contemplated hereby shall
be deemed to create any partnership or joint venture between or among Owner,
Food Manager and Hotel Manager. Without limitation of any other provisions
hereof, Food Manager is not the legal representative or agent of Hotel Manager
or Owner or their respective partners for any purpose whatsoever, and Food
Manager does not have any right or authority to assume or create any obligation
of any kind, express or implied, on behalf of, or to in any way bind, Hotel
Manager, Owner or their respective partners, except that purchase orders made by
Food Manager in accordance with Article 1.2(a) above shall be binding on Owner.
15.8 Overdue Payments. Any payment due to Food Manager, Hotel Manager or
Owner under this Agreement which is not paid within ten (10) days of the due
date thereof shall bear interest from the date due until paid in full at a rate
equal to the greater of (x) twelve percent (12%) per annum or (y) two percent
(2%) over the rate of interest announced by The First National Bank of Boston at
its Head
-55-
Office as its commercial base rate, as the same may be changed from time to
time, but in no event shall such rate of interest (either (x) or (y)) exceed the
highest rate of interest permitted by law. Notwithstanding anything to the
contrary contained in this Agreement, Food Manager, Hotel Manager and Owner each
acknowledges and agrees that all Fees, reimbursements and other amounts due and
payable by Food Manager, Hotel Manager or Owner under the terms of this
Agreement on or before the Execution Date either have been timely paid or are
being fully reconciled and shall be paid with reasonable promptness.
15.9 Attorneys' Fees. In the event of any action or proceeding brought by
Food Manager, Hotel Manager or Owner under this Agreement, the prevailing party
shall be entitled to recover the fees of its attorneys and all other expenses
which may be incurred in such action or proceeding in such amount as the court
may adjudge reasonable.
-56-
IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement effective the day and year first above written.
FOOD MANAGER: HOTEL MANAGER:
XXX. XXXXX MANAGEMENT DOUBLETREE PARTNERS
COMPANY, L.L.C.
By: Samantha Hotel Corporation,
its managing partner
By: /s/ Xxxx X. Xxxxxxxx, By: /s/ Xxxxxxx X. Xxxxxxxx
-------------------------------- -----------------------------------
Xxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxx
President President
-57-
CONSENT AND JOINDER
The undersigned, CHICAGO HSR LIMITED PARTNERSHIP, a Delaware limited
partnership, hereby consents to the execution and delivery of the foregoing
Submanagement Agreement and agrees to join in and be bound by the Submanagement
Agreement for the purposes of performing the obligations of Owner under and
otherwise being bound by (A) the Owner's agreements not to unreasonably withhold
its consent set forth in the last sentence of Article 1.3 and in the last
sentence of Article 6.3(a), (B) Article 2.5(a)(i) and (iii), (C) Article 2.5(b),
(D) the last four sentences of Article 4.2(b), and (E) Articles 4.2(c), 4.2(d),
4.2(e), 9, 14, 15.8 and 15.9 thereof. All liabilities and obligations which
Owner may have under the Submanagement Agreement shall be satisfied only out of
the assets of the Hotel and no limited or general partners of Owner shall have
any personal liability with respect to the Submanagement Agreement.
Owner represents that it has full power and authority to execute this
Consent and Joinder. On request of Food Manager or Hotel Manager, Owner shall
furnish evidence of such authority.
OWNER
CHICAGO HSR LIMITED
PARTNERSHIP
By: Chicago GQ Corporation,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-------------------------------
Xxxxx X. Xxxxxxxxxx
President
-58-
EXHIBIT 1
PURCHASE ORDER PROCEDURES
(Article 1.2 (a))
A. Policy - Purchase orders shall be issued for all purchases from any vendor
with the exception of ongoing food and beverage purchasing.
All purchase orders require the signature of the Hotel's General Manager.
Any purchase over $1,000 is to be signed by the Hotel Manager's Regional
Controller and any purchase over $5,000 is to be signed by the Hotel
Manager's Senior Vice President of Operations.
Purchase orders will be issued through the Hotel Manager's Systems and
Control Manager at the Hotel; and once appropriate signatures have been
received, a purchase order number will be assigned.
B. Food and Beverage Purchases - Due to the frequency of food and beverage
purchases, it is not practical to utilize purchase orders for ongoing
purchases. It is, however, expected that Food Manager will obtain
quotations for all purchases on a consistent basis and that quotes are
matched to final invoices upon delivery and maintained for six (6) weeks.
C. Open Purchase Orders - At the end of each month, Food Manager shall
prepare an open purchase order list and forward the same to Hotel
Manager's Regional Accounting Office (presently located in Cincinnati,
Ohio). This list shall contain all purchase orders for items that have
been received but have not been processed for payment. This procedure will
allow Hotel Manager to ensure that all expenses are accrued for the month
in which the purchase was realized.
EXHIBIT 2
GUEST QUARTERS - CHICAGO
STATEMENT OF INCOME
GL0322 PERIOD-12 FISCAL 1994
1/15/95 PAGE 1
19.34.01 12/01/94 - 12/31/94
CURRENT PERIOD
-------------------------------------------------------------------------------------------------
ACTUAL % BUDGET % LAST YEAR %
-------------------------------------------------------------------------------------------------
STATISTICS
10,695 10,695 10,695 TOTAL ROOMS AVAIL
5,901 5,301 5,406 PAID ROOMS OCC.
55.2 49.6 50.6 % OF OCCUPANCY
121.28 117.98 114.64 AVERAGE RATE
MEMO STATISTICS
INCLUDING COMPS:
6,133 5,301 5,406 TTL ROOMS OCC.
57.3 49.6 50.6 % OF OCCUPANCY
REVENUES
715,653 62.6 625,436 66.0 619,766 64.3 ROOMS
298,927 26.2 237,273 25.0 256,272 26.6 FOOD & BEVERAGE
18,656 1.6 22,793 2.4 13,473 1.4 TELEPHONE
47,773 4.2 46,451 4.9 39,969 4.2 MINOR OPER DEPTS
61,542 5.4 16,081 1.7 33,898 3.5 RENT & OTHER
1,142,551 100.0 948,034 100.0 963,398 100.0 TOTAL REVENUES
OPERATING COSTS
155,737 21.8 158,457 25.3 167,176 27.0 ROOMS
280,729 93.9 195,596 82.4 208,238 81.3 FOOD & BEVERAGE
17,781 95.3 15,731 69.0 20,592 152.8 TELEPHONE
54,568 114.2 41,325 89.0 43,732 109.4 MINOR OPER DEPTS
4,394 7.1 6,796 42.3 5,516 16.3 RENT & OTHER
513,210 44.9 417,905 44.1 445,254 46.2 TOTAL OPER COST
629,341 55.1 530,129 55.9 518,144 53.8 OPRERATING PROFIT
UNDISTRIB OPER. EXP.
112,404 9.8 104,045 11.0 104,945 10.9 ADMINISTRATIVE
14,232 - 1.3 119,985 12.7 107,621 11.2 MARKETING
82,036 7.2 67,557 7.1 56,638 5.9 PROPERTY MAINT
27,170 2.4 45,080 4.8 32,054 3.3 ENERGY
207,378 18.2 336,667 35.5 301,257 31.3 TOTAL UNDISTRIB
421,963 36.9 193,462 20.4 216,887 22.5 GROSS OPER. PROFIT
41,477 3.6 37,791 4.0 38,792 4.0 MANAGEMENT FEES
380,486 33.3 155,671 16.4 178,095 18.5 INCOME BEF FIX CHG.
153,642 13.5 90,519 9.6 106,493 11.1 RENT TAXES & INS.
447,394 39.2 423,657 44.7 432,406 44.9 INTEREST
37,734 - 3.3 1,500 .2 16,585 - 1.7 OWNERS EXPENSE
182,817 - 16.0 360,005 - 38.0 344,219 - 35.7 INC BEF DEPR/AMORT
393,560 34.5 277,659 28.8 DEP & AMORT.
576,376 - 50.5 360,005 - 38.0 621,878 - 64.6 INCOME BEFORE TAXES
447,394 39.2 423,657 44.7 432,406 44.9 ADD: INTEREST
393,560 34.5 277,659 28.8 ADD: DEPR & AMORT
36,529 - 3.2 33,070 - 3.5 33,552 - 3.5 MINUS: RESERVES
228,049 20.0 30,582 3.2 54,635 5.7 NET OPER INCOME
YEAR TO DATE
-------------------------------------------------------------------------------------------------
ACTUAL % BUDGET % LAST YEAR %
-------------------------------------------------------------------------------------------------
STATISTICS
TOTAL ROOMS AVAIL 125,925 125,925 125,925
PAID ROOMS OCC. 82,060 87,518 85,366
% OF OCCUPANCY 65.2 69.5 67.8
AVERAGE RATE 125.61 121.45 112.76
MEMO STATISTICS
INCLUDING COMPS:
TTL ROOMS OCC. 84,688 87,518 85,366
% OF OCCUPANCY 67.3 69.5 67.8
REVENUES
ROOMS 10,307,269 69.1 10,628,999 69.7 9,625,652 68.8
FOOD & BEVERAGE 3,410,601 22.9 3,460,898 22.7 3,231,142 23.1
TELEPHONE 311,557 2.1 401,649 2.6 360,262 2.6
MINOR OPER DEPTS 525,725 3.5 518,418 3.4 496,863 3.6
RENT & OTHER 363,717 2.4 246,800 1.6 281,340 2.0
TOTAL REVENUES 14,918,870 100.0 15,256,764 100.0 13,995,258 100.0
OPERATING COSTS
ROOMS 2,156,306 20.9 2,275,823 21.4 2,166,383 22.5
FOOD & BEVERAGE 2,510,903 73.6 2,468,256 71.3 2,221,046 68.7
TELEPHONE 201,159 64.6 215,317 53.6 199,212 55.3
MINOR OPER DEPTS 475,481 90.4 483,490 93.3 492,185 99.1
RENT & OTHER 82,681 22.7 112,222 45.5 99,747 35.5
TOTAL OPER COST 5,426,531 36.4 5,555,108 36.4 5,178,574 37.0
OPRERATING PROFIT 9,492,339 63.6 9,701,656 63.6 8,816,685 63.0
UNDISTRIB OPER. EXP.
ADMINISTRATIVE 1,274,368 8.5 1,320,549 8.7 1,257,525 9.0
MARKETING 1,521,126 10.2 1,757,727 11.5 1,641,623 11.7
PROPERTY MAINT 824,084 5.5 807,603 5.3 779,239 5.6
ENERGY 413,671 2.8 547,480 3.6 508,212 3.6
TOTAL UNDISTRIB 4,033,248 27.0 4,433,359 29.1 4,186,600 29.9
GROSS OPER. PROFIT 5,459,091 36.6 5,268,297 34.5 4,630,085 33.1
MANAGEMENT FEES 592,937 4.0 608,358 4.0 557,938 4.0
INCOME BEF FIX CHG. 4,866,154 32.6 4,659,939 30.5 4,072,147 29.1
RENT TAXES & INS. 1,263,332 8.5 1,097,708 7.2 1,135,628 8.1
INTEREST 5,224,907 35.0 5,083,884 33.3 5,053,279 36.1
OWNERS EXPENSE 16,870 - .1 18,000 .1 22,916 .2
INC BEF DEPR/AMORT 1,605,215 - 10.8 1,539,653 - 10.1 2,139,676 - 15.3
DEP & AMORT. 3,095,631 20.8 3,232,884 23.1
INCOME BEFORE TAXES 4,700,846 - 31.5 1,539,653 - 10.1 5,372,560 - 38.4
ADD: INTEREST 5,224,907 35.0 5,083,884 33.3 5,053,279 36.1
ADD: DEPR & AMORT 3,095,631 20.8 3,232,884 23.1
MINUS: RESERVES 518,820 - 3.5 532,315 - 3.5 425,969 - 3.0
NET OPER INCOME 3,100,872 20.8 3,011,916 19.7 2,487,634 17.8
GUEST QUARTERS - CHICAGO
FOOD DEPARTMENT
GL0322 PERIOD-12 FISCAL 1994
1/15/95 PAGE 5
19.34.01 12/01/94 - 12/31/94
CURRENT PERIOD
-------------------------------------------------------------------------------------------------
ACTUAL % BUDGET % LAST YEAR %
-------------------------------------------------------------------------------------------------
REVENUE
91,026 42.2 77,444 46.4 78,700 43.3 BANQUETS
45,315 27.2 50,290 27.6 RESTAURANT
95,353 44.2 16,774 10.1 16,947 9.3 LOUNGE-PRIMARY
16,357 7.6 16,032 9.6 14,453 7.9 ROOM SERVICE
6,109 - 2.8 2,196 - 1.2 ALLOWANCES
196,626 91.2 155,565 93.2 158,194 86.9 NET REVENUES
OTHER INCOME
10,086 4.7 3,216 1.9 7,088 3.9 BANQUET A/V
2,321 1.4 4,583 2.5 BANQUET ITEMS
3,645 1.7 3,252 2.0 4,756 2.6 OTHER INCOME
5,306 2.5 2,560 1.5 7,345 4.0 PUBLIC ROOM RENTAL
19,038 8.8 11,349 6.8 23,772 13.1 NET OTHER INCOME
215,664 100.0 166,914 100.0 181,966 100.0 TOTAL REVENUES
COST OF SALES
91,448 46.5 38,113 24.5 52,949 33.5 COST OF FOOD
4,378 - 2.2 8,340 - 5.3 LESS - EMPL MEALS
87,070 44.3 38,113 24.5 44,609 28.2 COS - FOOD
OTHER COSTS OF SALES
2,742 27.2 385 7.0 830 7.1 BANQUET A/V
127 2.3 840 7.2 OTHER EQUIPMENT
2,742 27.2 512 9.3 1,670 14.3 OTH COST OF SALE
125,852 58.4 128,289 76.9 135,687 74.6 GROSS PROFIT
PAYROLL & REL EXP.
97,893 45.4 69,009 41.3 73,712 40.5 SALARIES & WAGES
24,072 11.2 28,325 17.0 23,342 12.8 EMPLOYEE BENEFITS
121,965 56.6 97,334 58.3 97,054 53.3 TOT. PAYROLL EXP.
OTHER EXPENSES
2,401 1.1 622 .4 467 .3 BANQUET EXPENSE
000 .0 XXXXX
6,913 3.2 1,400 .8 2,090 1.2 CLEANING SUPPLIES
1,520 .7 1,300 .8 1,685 .9 CONTRACTED SERVICE
1,885 .9 400 .2 351 .2 DECORATIONS
GLASSWARE
731 .3 311 .2 367 .2 KITCHEN FUEL
3,040 1.4 3,507 2.1 3,283 1.8 LAUNDRY
550 .3 169 .1 LICENSE & INSPECT
109 .1 LINEN
469 .3 MENUS & XXX LIST
3,120 1.5 MISCELLANEOUS
851 .4 380 .2 62 MUSIC & ENTERTAIN
960 .5 777 .5 639 .4 OPERATING SUPPLIES
981 .5 466 .3 1,116 .6 PRINT & STATIONARY
1,047 .5 PROMO/COMP FOOD
SILVERWARE
500 .2 311 .2 300 .2 TELEPHONE
1,863 .9 1,200 .7 1,435 .8 UNIFORMS
35 322 .2 UTENSILS
26,324 12.2 11,224 6.7 12,755 7.0 TOTAL OTHER EXP
148,289 68.8 108,558 65.0 109,809 60.4 TOTAL DEPT EXP
22,436 - 10.4 19,731 11.8 25,879 14.2 DEPT PROFIT/LOSS
YEAR TO DATE
----------------------------------------------------------------------------------------------------------------
ACTUAL % BUDGET % LAST YEAR %
----------------------------------------------------------------------------------------------------------------
REVENUE
BANQUETS 1,191,454 45.7 1,138,177 44.3 1,043,759 44.0
RESTAURANT 390,726 15.0 592,388 23.0 533,638 22.5
LOUNGE-PRIMARY 381,549 14.7 249,068 9.7 218,707 9.2
ROOM SERVICE 222,319 8.5 237,684 9.2 225,232 9.5
ALLOWANCES 32,357 - 1.2 23,685 - 1.0
NET REVENUES 2,153,690 82.7 2,217,317 86.2 1,997,651 84.2
OTHER INCOME
BANQUET A/V 242,478 9.3 158,551 6.2 176,204 7.4
BANQUET ITEMS 52,594 2.0 53,689 2.1 59,361 2.5
OTHER INCOME 47,241 1.8 47,798 1.9 46,815 2.0
PUBLIC ROOM RENTAL 108,931 4.2 95,005 3.7 92,955 3.9
NET OTHER INCOME 451,244 17.3 355,043 13.8 375,334 15.8
TOTAL REVENUES 2,604,935 100.0 2,572,360 100.0 2,372,985 100.0
COST OF SALES
COST OF FOOD 702,856 32.6 543,235 24.5 592,178 29.6
LESS - EMPL MEALS 68,503 - 3.2 98,188 - 4.9
COS - FOOD 634,352 29.5 543,235 24.5 493,990 24.7
OTHER COSTS OF SALES
BANQUET A/V 54,141 18.4 19,021 9.0 32,735 13.9
OTHER EQUIPMENT 9,532 3.2 2,946 1.4 3,716 1.6
OTH COST OF SALE 63,673 21.6 21,967 10.4 36,450 15.5
GROSS PROFIT 1,906,909 73.2 2,007,158 78.0 1,842,545 77.7
PAYROLL & REL EXP.
SALARIES & WAGES 857,640 32.9 823,478 32.0 741,948 31.3
EMPLOYEE BENEFITS 317,900 12.2 335,005 13.0 272,394 11.5
TOT. PAYROLL EXP. 1,175,540 45.1 1,158,483 45.0 1,014,342 42.8
OTHER EXPENSES
BANQUET EXPENSE 15,136 .6 8,864 .3 8,415 .4
CHINA 6,578 .3 10,200 .4 7,000 .3
CLEANING SUPPLIES 32,820 1.3 19,952 .8 18,462 .8
CONTRACTED SERVICE 4,653 .2 5,900 .2 7,894 .3
DECORATIONS 4,800 .2 4,404 .2 4,628 .2
GLASSWARE 2,057 .1 4,400 .2 4,424 .2
KITCHEN FUEL 4,986 .2 4,430 .2 4,355 .2
LAUNDRY 41,968 1.6 41,483 1.6 40,565 1.7
LICENSE & INSPECT 3,293 .1 6,600 .3 6,403 .3
LINEN 4,518 .2 6,700 .3 4,408 .2
MENUS & XXX LIST 128 3,700 .1 3,459 .2
MISCELLANEOUS 8,270 .3 5,886 .3
MUSIC & ENTERTAIN 5,550 .2 4,560 .2 3,564 .2
OPERATING SUPPLIES 12,397 .5 11,078 .4 6,539 .3
PRINT & STATIONARY 4,316 .2 6,648 .3 7,254 .3
PROMO/COMP FOOD 1,313 .1
SILVERWARE 5,080 .2 7,000 .3 5,082 .2
TELEPHONE 3,849 .2 4,430 .2 2,546 .1
UNIFORMS 13,924 .5 15,700 .6 21,071 .9
UTENSILS 2,369 .1 2,470 .1
TOTAL OTHER EXP 178,004 6.8 166,049 6.5 164,425 6.9
TOTAL DEPT EXP 1,353,543 52.0 1,324,532 51.5 1,178,766 49.7
DEPT PROFIT/LOSS 553,365 21.2 682,626 26.5 663,779 28.0
GUEST QUARTERS - CHICAGO
BEVERAGE DEPARTMENT
GL0322 PERIOD-12 FISCAL 1994
1/15/95 PAGE 1
19.34.01 12/01/94 - 12/31/94
CURRENT PERIOD
-------------------------------------------------------------------------------------------------
ACTUAL % BUDGET % LAST YEAR %
-------------------------------------------------------------------------------------------------
REVENUE
32,837 39.4 27,182 38.6 23,746 32.0 BANQUET
5,211 7.4 7,615 10.3 RESTAURANT
37,161 44.6 23,907 34.0 27,346 36.8 LOUNGE PRIMARY
12,366 14.9 11,927 17.0 12,287 16.5 HONOR BAR - BEVG
2,874 3.5 2,132 3.0 4,038 5.4 ROOM SERVICE
1,974 - 2.4 726 - 1.0 ALLOWANCES
83,263 100.0 70,359 100.0 74,306 100.0 NET REVENUE
OTHER INCOME
NET OTHER INCOME
83,263 100.0 70,359 100.0 74,306 100.0 TOTAL REVENUES
COST OF SALES
24,701 29.7 14,071 20.0 13,061 17.6 COST OF BEVERAGE
24,701 29.7 14,071 20.0 13,061 17.6 NET COST OF SALE
58,562 70.3 56,288 80.0 61,245 82.4 GROSS PROFIT XXX
PAYROLL & REL. EXP.
14,282 17.2 16,678 23.7 21,468 28.9 SALARIES & WAGES
3,052 3.7 7,184 10.2 7,488 10.1 EMPLOYEE BENEFITS
17,334 20.8 23,862 33.9 28,956 39.0 TOT. PAYROLL EXP
OTHER EXPENSES
CLEANING SUPPLIES
45 .1 35 .1 CONTRACTED SERVICE
1,000 1.4 DECORATIONS
GLASSWARE
451 .5 1,350 1.9 1,048 1.4 LICENSE & INSPECT
MENUS & XXX LISTS
425 .6 498 .7 MISCELLANEOUS
5,460 7.8 6,360 8.6 MUSIC & ENTERTAIN
500 .7 699 .9 OPERATING SUPPLIES
PRINT & STATIONARY
1,100 1.6 1,174 1.6 PROMO/COMP FOOD
99 .1 610 .9 356 .5 UNIFORMS
594 .7 10,480 14.9 10,135 13.6 TOTAL OTHER EXP.
17,928 21.5 34,342 48.8 39,090 52.6 TOTAL DEPT. EXP.
40,634 48.8 21,946 31.2 22,155 29.8 DEPT PROFIT/LOSS
YEAR TO DATE
----------------------------------------------------------------------------------------------------------------
ACTUAL % BUDGET % LAST YEAR %
----------------------------------------------------------------------------------------------------------------
REVENUE
BANQUET 198,197 24.6 232,147 26.1 214,493 25.0
RESTAURANT 42,337 5.3 68,120 7.7 112,768 13.1
LOUNGE PRIMARY 361,165 44.8 373,759 42.1 325,853 38.0
HONOR BAR - BEVG 188,439 23.4 182,904 20.6 189,186 22.1
ROOM SERVICE 26,543 3.3 31,608 3.6 32,107 3.7
ALLOWANCES 11,014 1.4 16,251 - 1.9
NET REVENUE 805,667 100.0 888,538 100.0 858,157 100.0
OTHER INCOME
NET OTHER INCOME
TOTAL REVENUES 805,667 100.0 888,538 100.0 858,157 100.0
COST OF SALES
COST OF BEVERAGE 169,932 21.1 177,701 20.0 165,653 19.3
NET COST OF SALE 169,932 21.1 177,701 20.0 165,653 19.3
GROSS PROFIT XXX 635,735 78.9 710,837 80.0 692,504 80.7
PAYROLL & REL. EXP.
SALARIES & WAGES 157,071 19.5 198,126 22.3 178,721 20.8
EMPLOYEE BENEFITS 58,275 7.2 85,560 9.6 70,033 8.2
TOT. PAYROLL EXP 215,346 26.7 283,686 31.9 248,754 29.0
OTHER EXPENSES
CLEANING SUPPLIES 223
CONTRACTED SERVICE 327 420 .1 110
DECORATIONS 1,000 .1
GLASSWARE 1,013 .1 3,550 .4 2,668 .3
LICENSE & INSPECT 11,633 1.4 16,200 1.8 15,746 1.8
MENUS & XXX LISTS 721 .1
MISCELLANEOUS 2,969 .4 5,100 .6 5,327 .6
MUSIC & ENTERTAIN 39,995 5.0 61,120 6.9 46,335 5.4
OPERATING SUPPLIES 2,750 .3 5,250 .6 4,526 .5
PRINT & STATIONARY 1,645 .2 2,200 .3 71
PROMO/COMP FOOD 9,954 1.2 14,300 1.6 14,510 1.7
UNIFORMS 3,770 .5 7,995 .9 7,197 .8
TOTAL OTHER EXP. 74,055 9.2 117,135 13.2 97,433 11.4
TOTAL DEPT. EXP. 289,402 35.9 400,821 45.1 346,187 40.3
DEPT PROFIT/LOSS 346,333 43.0 310,016 34.9 346,317 40.4
EXHIBIT 3
GROSS OPERATING PROFIT
(Articles 5.1(b) and 5.3(c))
"Gross Operating Profit" shall mean, with respect to each year of the term
of this Agreement, the amount, if any, by which Total Hotel Sales for such year
exceed Operating Costs for such year.
The term "Total Hotel Sales" shall be defined as all revenues and income
of any nature derived directly or indirectly from the Hotel or from the use or
operation thereof, including, without limitation, total room sales, food and
beverage sales (including, without limitation, sales from the Trade Name
Operations), telephone, telegraph and telex revenues, rental or other payments
from lessees, sublessees, and concessionaires (but not the gross receipts of
such lessees, sublessees or concessionaires) and the proceeds of business
interruption, use, occupancy or similar insurance. There shall be excluded from
Total Hotel Sales: (i) any gratuities or service charges added to a customer's
xxxx; (ii) any credits or refunds made to customers guests or patrons; (iii) any
sums and credits received by Owner for lost or damaged merchandise; (iv) any
sales taxes, excise taxes, gross receipt taxes, admission taxes, entertainment
taxes, tourist taxes or charges; (v) any proceeds from the sale or other
disposition of the Hotel, FF&E therein, or other capital assets; (vi) any
interest paid with respect to the Hotel's
3-1
reserve funds, the Hotel's bank account, or any other deposit or investment of
Hotel funds; (vii) any fire and extended coverage insurance proceeds; (viii) any
condemnation awards; and (ix) any proceeds of financing or refinancing of the
Hotel. Total Hotel Sales shall be determined on an accrual basis and in
accordance with the Uniform System of Accounts or generally accepted accounting
principles, consistently applied.
"Operating Costs" shall mean the entire cost and expense of maintaining,
operating and supervising the operation of the Hotel. Operating Costs shall be
the sum of such costs or expenses which are normally charged as a cost of
operation under the Uniform System of Accounts, including, without limitation:
(i) the cost of operating supplies, wages, salaries and employee
fringe benefits, advertising and promotional expenses (including any
contribution to national advertising), administrative and general expenses of
the Hotel, the cost of any centralized services payable to Hotel Manager by
Owner, the cost of personnel training programs, utility and energy costs,
operating licenses and permits, grounds and landscaping maintenance costs;
(ii) all expenditures made for maintenance and repairs to keep the
Hotel in good condition and repair;
3-2
(iii) basic management fee(s) due Hotel Manager;
(iv) reimbursable expenses due Hotel Manager;
(v) liability and workers' compensation insurance premiums; and
(vi) with respect to the first seven (7) Years, Annual Renovation
Amortization.
There shall be expressly excluded from Operating Costs the following:
(1) depreciation of the Hotel building, FF&E and Hotel operating equipment
(other than Annual Renovation Amortization as hereinabove provided);
(2) rental payments pursuant to any ground lease;
(3) debt service (interest and principal) on mortgages placed on the
Hotel;
(4) real estate taxes and assessments (including payments to tax escrow
accounts);
(5) payments for capital expenditures including, without
3-3
limitation, payments into any reserve fund for the Hotel and payments for
replacements of FF&E, including, without limitation, amounts expended for F&B
Department FF&E repairs and replacements pursuant to Article 4.2(c);
(6) fire and extended coverage insurance premiums and premiums for any
other insurance (except premiums which are included in Operating Costs) carried
by Owner with respect to the Hotel;
(7) payments pursuant to any equipment leases or installment sales
agreements;
(8) any incentive management fee(s) due Hotel Manager;
(9) the Fees payable to Food Manager pursuant to Article 5; and
(10) such other costs or expenses which are normally treated as a capital
expenditure under the Uniform System of Accounts or generally accepted
accounting principles.
3-4
EXHIBIT 4
EXAMPLES OF THE CALCULATION AND PAYMENT OF
FOOD MANAGER'S FEES
(Article 5)
GUEST QUARTERS HOTEL-CHICAGO, ILLINOIS
MANAGEMENT CONTRACT BETWEEN XXX XXXXX MANAGEMENT COMPANY, L.L.C.
AND D T PARTNERS
TERM 10 YEARS FROM FULL COMMENCEMENT DATE OF JANUARY 1 1995
--------------------------------------------------------------------------------
BASE MANAGEMENT FEE
PERCENTAGE 15% OF TOTAL F&B DEPARTMENT REVENUE
CONTRACT REFERENCE SECTION 5.1
INTERPRETATION Total F & B Department Revenue shall mean the portion of
Total Hotel Sales derived from the sale of Food and
Beverages by the F & B Department and rental and other
miscellaneous income from the hotel's function rooms
--------------------------------------------------------------------------------
DEPARTMENT PROFIT INCENTIVE FEE
PERCENTAGE A) FIRST YEAR - 15% OF EXCESS DEPARTMENT PROFITS COMPUTED
QUARTERLY
B) EACH YEAR THEREAFTER - 17.5% OF EXCESS DEPARTMENTAL
PROFITS COMPUTED QUARTERLY
CONTRACT REFERENCE SECTION 5.2
INTERPRETATION EXCESS DEPARTMENTAL PROFITS shall mean the excess of
Department Profits over Threshold Departmental Profits
THRESHOLD DEPARTMENTAL profits shall mean
(i) for the first year, $1,060.164 (being 105% of
Departmental Profits for calendar year 1993 which were
$1,009,580
(ii) for the second year, $1,113.172 (being 105% of
Threshold Departmental Profits for the 1st year)
(iii) for the third year, $1,168.831 (being 105% of the
Threshold Departmental Profits for the 2nd year)
(iv) of the fourth year, $1,227.273 (being 105% of
Threshold Departmental Profits for the 3rd year)
and
(v) for each year thereafter, $1,227.273 (being the same
as the fourth year)
DEPARTMENTAL PROFITS shall mean the profits attributable
to the F&B Department calculated in accordance with
Exhibit 2 of the Management Agreement.
In calculating Profits for each year, there shall be a
deduction for the excess (Advertising and Promotional
Excess) if any of
(i) the Advertising and Promotional costs actually
incurred by the Hotel in respect of the F&B Department
over
(ii) $30,000 (the *Advertising and Promotional Threshold
amount - being the historical advertising and promotion
expenditure level for the Hotel fairly allocable to the F
& B Department, which have not been and will not be,
charged against the Department Profits).
For the first Seven (7) years the calculation of
Departmental Profits shall also include a deduction for
ANNUAL RENOVATION AMORTIZATION
ANNUAL RENOVATION AMORTIZATION - The Renovation Cost plus
15% Annual Return on the outstanding balance will be
amortized in 7 equal installments of principal and return
thereon payable to Food Manager credited to Owner
respectively. In arrears at the end of each of the first
seven (7) years. on a pro rata basis. In proportions which
the Food Manager Renovation Contribution and the Owner's
Renovation Contribution bear the total Renovation Cost
Approximate Renovation Cost $2,800,000
Food Manager's Contribution $280,000
Food Manager's proportionate share would be 10%
Annual Renovation Amortization $673,009
GUEST QUARTERS HOTEL-CHICAGO, ILLINOIS
MANAGEMENT CONTRACT BETWEEN XXX XXXXX MANAGEMENT COMPANY, L.L.C.
AND D. PARTNERS
TERM 10 YEARS FROM FULL COMMENCEMENT DATE OF JANUARY 1, 1995
--------------------------------------------------------------------------------
G.O.P. INCENTIVE FEE:
PERCENTAGE A) FIRST YEAR - 2.5% OF EXCESS G.O.P. COMPUTED QUARTERLY
B) EACH YEAR THEREAFTER - 5% OF EXCESS G.O.P. COMPUTED
QUARTERLY
CONTRACT REFERENCE: SECTION 5.3
INTERPRETATION: EXCESS G.O.P.: shall mean the excess of G.O.P. over
Threshold G.O.P.
THRESHOLD G.O.P.: shall mean
(i) for the first year, $4,275,752 (being 105% of G.O.P.
for calendar year 1993, which were $4,072,145)
(ii) for the second year, $4,489,540 (being 105% of
Threshold G.O.P. for the 1st year)
(iii) for the third year, $4,714,017 (being 105% of
Threshold G.O.P. for the 2nd year)
(iv) for the forth year, $4,949,718 (being 105% of
Threshold G.O.P. for the 3rd year.)
and
(v) for each year thereafter, $4,949, 718 (being the
same as the fourth year)
GROSS OPERATING PROFIT " shall mean the amount by which "
TOTAL HOTEL SALES " exceed "OPERATING COSTS". For the
first seven (7) years the calculation of Gross Operating
Profits shall include a deduction for Annual Renovation
Amortization.
Total Hotel Sales is defined as all revenues and income of
any nature derived directly or indirectly from the
operation of the hotel. There shall be excluded from Total
Sales the following:
(i) any gratuities or service charges added to a
customers xxxx;
(ii) any credits or refunds made to customers, guests or
patrons;
(iii) any sums and credits received by Owner for lost or
damaged merchandise;
(iv) any sales taxes, excise taxes, gross receipt taxes,
admission taxes, entertainment taxes, tourist taxes or
charges;
(v) any proceeds from the sale or other disposition of
the Hotel, FF&E, or other capital assets;
(vi) any interest paid with respect to the Hotel's
reserve fund, the Hotel's bank account, or any other
deposit or investment of Hotel funds;
(vii) any fire and extended coverage insurance proceeds
(other than business interruption insurance proceeds);
(viii) any condemnation awards; and
(ix) any proceeds of financing or refinancing of the
Hotel.
OPERATING COSTS": shall mean the entire cost and expense
of maintain, operating and supervising the operation of
the Hotel, including Annual Renovation Amortization for
the first seven years. Excluded from Operating Costs shall
be:
1) depreciation and amortizations.
2) rental payments pursuant to any ground lease.
3) debt service (interest and principal) on mortgages.
4) real estate taxes and assessments.
5) payments for the capital expenditures including,
without limitations, payments into any reserve fund and
payment for replacements of FF&E (including, without
limitation, amounts specified in Section 4.2(c).
6) fire and extended coverage premiums.
7) payments pursuant to any equipment leases.
8) any incentive fee(s) due Hotel Manager.
9) the fees payable to Food Manager pursuant to Article
5.
10) such other cost or expenses which are normally
treated as capital expenditure.
[ILLEGIBLE] QUARTERS HOTEL CHICAGO, ILLINOIS
XXX XXXXX MANAGEMENT COMPANY, L.L.C.
[ILLEGIBLE] THE MONTH OF: MARCH 1995
-----------------------------------------------------------------------------------------------------------------------------------
APRIL 95
CURRENT MONTH REFORECAST
MANAGEMENT FEE CALCULATION YTD ACTUALS TOTAL YEAR
-------------------------- ----------- ----------
TOTAL FOOD REVENUE $748,353 $5,124,365
TOTAL BEVERAGE REVENUE $270,256 $2,332,772
TOTAL F&B OTHER INCOME $83,334 $480,780
---------- ----------
TOTAL F&B DEPARTMENTAL SERVICES $1,101,943 $7,937,917
MANAGEMENT FEE PERCENTAGE 1.50% 1.50%
---------- ----------
MANAGEMENT FEE DUE $16,529 $119,069
[ILLEGIBLE] FEES BOOKED TO DATE $15,520
----------
MANAGEMENT FEE TO BE BOOKED $1,009
----------
-----------------------------------------------------------------------------------------------------------------------------------
APRIL 95
CURRENT MONTH REFORECAST
DEPARTMENTAL PROFIT INCENTIVE FEE CALCULATION: YTD ACTUALS TOTAL YEAR
---------------------------------------------- ----------- ----------
Departmental Profits:
Food Revenue $748,353 $5,124,365
Beverage Revenue $270,256 $2,332,772
F&B Other Revenue $83,334 $480,780
---------- ----------
Total Revenue $1,101,943 $7,937,917
Total Food Department Expenses $1,107,229 $4,620,612
Total Beverage Departmental Expenses $184,813 $946,531
Total F&B Other Expenses $12,708 $50,057
---------- ----------
Total F&B Departmental Expenses $1,304,750 $5,617,200
Total F&B advertising and Promotional Expense $17,685 $151,618
Less: Advertising and Promotional Threshold
Amount # of Months 3 ($7,500) ($30,000) $30,000
---------- ----------
$10,185 $121,618
Annual Renovation Amortization # of Months 3 $185,150 $740,600
---------- ----------
Total Departmental Profits ($398,142) $1,458,499
Less: Threshold Departmental Profits # of Months 3 $265,041 $1,060,164
---------- ----------
Excess Departmental Profits ($663,183) $398,335
Departmental Profit Incentive Fee % First Year 15%
and Thereafter 17.5% 15% 15%
---------- ----------
Departmental Profit Incentive Fee Due: $0 $59,750
Less Fees Booked: $0
----------
Departmental Profit Incentive Fee to be Booked: $0
----------
------------------------------------------------------------------------------------------------------------------------------------
APRIL 95
Total G.O.P. INCENTIVE FEE CALCULATION: CURRENT MONTH REFORECAST
--------------------------------------- YTD ACTUALS TOTAL YEAR
----------- ----------
Total Hotel Sales (from Hotel Management Fee Calculation) $3,351,765 $20,224,555
Total Hotel Operating Costs: **
Department Operating Costs $1,965,652 $8,807,050
Undistributed Expenses $1,097,161 $4,445,088
Hotel Manager's Management Fee $132,725 $807,751
Annual Renovation Amortization (First 7 years only) $185,150 $740,600
Add Back: Food Manager's Management Fee $16,529 $119,069
----------- ----------
Hotel Adjusted G.O.P. ($12,394) $5,543,135
Less Threshold G.O.P. # of Months 3 $1,068,938 $4,275,752
----------- ----------
Excess G.O.P. over Threshold ($1,081,332) $1,267,383
G.O.P. Incentive Fee % (First Year 2.5% Thereafter 5%) 2.5% 2.5%
----------- ----------
G.O.P. Incentive Fee $0 $31,685
Excess Incentive Fees Booked: $0
-----------
G.O.P. Incentive Fee to be Booked: $0
-----------
** Does not include Food Manager's Departmental Profits Incentive Fee
-----------------------------------------------------------------------------------------------------------------------------------
Exhibit 5
[MAP OMITTED]
LAKE MICHIGAN
CHICAGO
14-Feb-95
GUEST QUARTERS CHICAGO
Consolidated Report Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95
=================================================================================================
Statistics:
-Total Room Nights Avail. 10,695 9,660 10,695 10,350 10,695 10,350 10,695 10,695
-Total Revenue Rooms Occup. 5,211 5,304 5,691 6,041 7,624 7,104 7,722 7,111
-Occupancy Percentage 48.72% 54.91% 55.74% 58.37% 71.29% 68.64% 72.20% 66.49%
-Average Daily Rate $119.99 $121.11 $119.46 $121.81 $140.95 $143.50 $126.88 $135.00
Revenues
Rooms 625,247 642,367 712,124 735,835 1,074,603 1,019,424 979,767 959,985
Food 235,934 261,224 302,298 405,713 475,783 463,912 472,168 500,030
Beverage 74,751 105,015 122,277 197,881 230,670 233,653 226,968 237,327
F & B Other 29,276 31,504 50,871 56,752 44,907 39,766 50,842 42,979
Telephone 23,604 23,994 22,499 24,077 29,645 29,654 30,005 29,683
Minor Operating 51,435 51,780 64,603 67,777 72,968 70,738 72,797 71,151
--------- --------- --------- --------- --------- --------- --------- ---------
Total Revenues 1,040,247 1,115,884 1,274,672 1,488,035 1,928,576 1,857,147 1,832,547 1,841,155
--------- --------- --------- --------- --------- --------- --------- ---------
Operating Costs
Rooms $168,301 $162,668 $176,838 $180,798 $214,734 $198,793 $213,043 $205,088
Food 292,582 285,784 354,555 348,276 385,070 409,534 383,912 385,932
Beverage 38,702 45,117 50,975 69,948 80,768 78,986 78,111 80,757
F & B Other 3,329 3,554 5,332 6,261 4,381 3,764 5,607 4,730
Telephone 17,203 16,784 16,688 16,995 18,887 18,581 18,911 18,755
Minor Operating 39,946 38,076 44,253 45,348 48,828 48,703 52,073 48,164
--------- --------- --------- --------- --------- --------- --------- ---------
Total Operating Costs 560,064 551,982 648,641 667,626 752,668 758,361 751,656 743,426
--------- --------- --------- --------- --------- --------- --------- ---------
Total Net Dept. Income 480,183 563,902 626,031 820,409 1,175,908 1,098,786 1,080,891 1,097,729
--------- --------- --------- --------- --------- --------- --------- ---------
Undistributed Operating Expenses
Administrative & General 109,085 109,273 111,289 116,113 131,031 127,797 125,173 133,354
Marketing 159,495 139,255 145,317 141,479 156,371 155,591 144,346 131,884
Repairs & Maintenance 71,818 70,668 72,588 71,895 71,876 75,853 72,805 70,853
Energy 44,700 45,400 42,900 43,300 43,500 46,600 49,300 56,000
--------- --------- --------- --------- --------- --------- --------- ---------
Total Undist. Exp. 385,098 364,596 372,094 372,787 402,778 405,841 391,623 392,091
--------- --------- --------- --------- --------- --------- --------- ---------
Gross Operating Profit 95,085 199,306 253,937 447,622 773,130 692,945 689,268 705,638
--------- --------- --------- --------- --------- --------- --------- ---------
Basic Management Fee 41,610 44,635 50,987 59,521 77,143 74,286 73,302 73,646
Incentive Mgmt. Fee 0 0 0 0 0 0 0 0
--------- --------- --------- --------- --------- --------- --------- ---------
GOP After Mgmt. & Incent. Fees 53,476 154,671 202,950 388,100 695,987 618,659 615,966 631,992
--------- --------- --------- --------- --------- --------- --------- ---------
Fixed Charges
Rent, Taxes & Insurance 108,937 108,937 108,937 108,937 108,937 108,937 108,937 108,937
Interest 449,591 424,132 452,242 444,656 454,933 447,368 457,666 459,048
Owner's Expenses 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200
--------- --------- --------- --------- --------- --------- --------- ---------
Income Before Dep. & Amort. (506,253) (379,598) (359,429) (166,693) 130,917 61,154 48,163 62,807
--------- --------- --------- --------- --------- --------- --------- ---------
Depreciation & Amort. 247,268 247,468 247,268 247,268 247,268 247,268 247,268 247,268
--------- --------- --------- --------- --------- --------- --------- ---------
Income After Dep. & Amort. (753,521) (626,866) (606,697) (413,961) (116,351) (186,114) (199,105) (184,461)
--------- --------- --------- --------- --------- --------- --------- ---------
Add: Interest 449,591 424,132 452,242 444,656 454,933 447,368 457,666 459,048
Add: Dep. & Amortization 247,268 247,268 247,268 247,268 247,268 247,268 247,268 247,268
Less: Reserves 36,409 39,056 44,614 52,081 67,500 65,000 82,465 82,852
--------- --------- --------- --------- --------- --------- --------- ---------
Net Operating Income (93,070) 5,478 48,199 225,882 518,350 443,521 423,364 439,003
========= ========= ========= ========= ========= ========= ========= =========
Consolidated Report Sep-95 Oct-95 Nov-95 Dec-95 Totals %
==================================================================
Statistics:
-Total Room Nights Avail. 10,350 10,695 10,350 10,695 125,925
-Total Revenue Rooms Occup. 8,289 8,799 8,419 5,651 83,236
-Occupancy Percentage 80.09% 82.27% 81.34% 52.84% 66.10%
-Average Daily Rate $135.99 $137.30 $438.97 $121.95 $131.48
Revenues
Rooms 1,127,221 1,208,103 1,169,988 689,139 $10,943,803 54.3%
Food 517,174 576,402 501,857 472,921 5,185,416 25.7%
Beverage 238,198 245,802 237,381 242,849 2,392,772 11.9%
F & B Other 54,737 31,259 30,686 17,201 480,780 2.4%
Telephone 39,048 41,348 39,466 25,286 358,309 1.8%
Minor Operating 79,167 75,952 68,810 55,671 802,849 4.0%
--------- --------- --------- --------- ----------- -----
Total Revenues 2,055,545 2,178,866 2,048,188 1,503,067 $20,163,929 100.0%
--------- --------- --------- --------- ----------- -----
Operating Costs
Rooms $219,255 $226,151 $221,602 $179,101 2,366,373 21.6%
Food 442,710 420,039 391,901 424,582 4,524,877 87.3%
Beverage 80,910 82,889 80,492 83,142 850,797 35.6%
F & B Other 6,253 2,625 2,743 1,478 50,057 10.4%
Telephone 21,403 21,935 21,408 17,943 225,494 62.9%
Minor Operating 54,077 52,246 47,962 41,457 561,132 69.9%
--------- --------- --------- --------- ----------- -----
Total Operating Costs 824,608 805,886 766,108 747,703 $8,578,729 42.5%
--------- --------- --------- --------- ----------- -----
Total Net Dept. Income 1,230,937 1,372,980 1,282,080 755,364 $11,585,200 57.5%
--------- --------- --------- --------- ----------- -----
Undistributed Operating Expenses
Administrative & General 134,028 134,879 129,154 123,225 1,484,401 7.4%
Marketing 148,194 144,992 138,450 140,818 1,746,193 8.7%
Repairs & Maintenance 70,690 72,943 71,974 72,234 866,197 4.3%
Energy 52,700 34,400 34,400 34,400 527,600 2.6%
--------- --------- --------- --------- ----------- -----
Total Undist. Exp. 405,612 387,213 373,979 370,678 $4,624,391 22.9%
--------- --------- --------- --------- ----------- -----
Gross Operating Profit 825,325 985,767 908,101 384,686 $6,960,809 34.5%
--------- --------- --------- --------- ----------- -----
Basic Management Fee 82,222 87,155 81,928 60,123 806,557 4.0%
Incentive Mgmt. Fee 0 0 0 0 0 0.0%
--------- --------- --------- --------- ----------- -----
GOP After Mgmt. & Incent. Fees 743,103 898,612 826,173 324,564 6,154,252 30.5%
--------- --------- --------- --------- ----------- -----
Fixed Charges
Rent, Taxes & Insurance 108,937 108,937 108,937 108,937 1,307,246 6.5%
Interest 451,514 461,844 454,332 464,683 5,422,009 26.9%
Owner's Expenses 1,200 1,200 1,200 1,200 14,400 0.1%
--------- --------- --------- --------- ----------- -----
Income Before Dep. & Amort. 181,452 326,631 261,704 (250,257) (589,403) -2.9%
--------- --------- --------- --------- ----------- -----
Depreciation & Amort. 247,268 247,268 247,268 247,268 2,967,216 14.7%
--------- --------- --------- --------- ----------- -----
Income After Dep. & Amort. (65,816) 79,363 14,436 (497,525) (3,556,619) -17.6%
--------- --------- --------- --------- ----------- -----
Add: Interest 451,514 461,844 454,332 464,683 5,422,009 26.9%
Add: Dep. & Amortization 247,268 247,268 247,268 247,268 2,967,216 14.7%
Less: Reserves 92,500 98,049 92,168 67,638 820,331 4.1%
--------- --------- --------- --------- ----------- -----
Net Operating Income 540,467 690,426 623,867 146,788 4,012,275 19.9%
========= ========= ========= ========= =========== =====
23-Jan-95
GUEST QUARTERS CHICAGO
Food Department Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95 Sep-95
============================================================================================
Revenues
311079 Room Service 12,800 18,437 23,108 17,990 21,062 19,625 20,789 23,794 20,530
000000 XXXX XXXXXX CAFE 39,000 78,000 78,000 144,000 162,000 180,000 180,000 180,000 180,000
311037 XXX. XXXXX TAVERN 89,901 86,795 107,594 122,396 142,784 158,268 160,176 179,369 169,904
311037 COFEE CART 2,761 2,811 3,159 3,201 4,040 3,765 4,092 3,768 4,393
311037 Food Outlet #4 0 0 0 0 0 0 0 0 0
311037 Food Outlet #5 0 0 0 0 0 0 0 0 0
311037 Food Outlet #6 0 0 0 0 0 0 0 0 0
311037 Food Outlet #7 0 0 0 0 0 0 0 0 0
311037 Food Outlet #8 0 0 0 0 0 0 0 0 0
311037 Food Outlet #9 0 0 0 0 0 0 0 0 0
------- ------- ------- ------- ------- ------- ------- ------- -------
Subtotal Regular 144,462 186,043 211,861 287,587 329,886 361,658 365,057 366,930 374,827
Banquet 91,472 75,181 90,437 118,126 145,897 102,254 107,111 113,100 142,347
------- ------- ------- ------- ------- ------- ------- ------- -------
Total Food Revenues 235,934 261,224 302,298 405,713 475,793 463,912 472,168 500,030 517,174
------- ------- ------- ------- ------- ------- ------- ------- -------
311100 Cost of Food 68,420 75,754 87,666 113,599 133,219 129,895 132,207 140,008 144,808
------- ------- ------- ------- ------- ------- ------- ------- -------
Total Gross Profit 167,514 185,470 214,632 292,114 342,564 334,017 339,961 360,022 372,366
------- ------- ------- ------- ------- ------- ------- ------- -------
Expenses
Salaries & Wages 133,757 121,854 134,168 135,341 139,936 134,498 139,959 138,901 141,932
311396 Benefits 42,165 52,263 51,585 51,790 58,812 50,395 56,765 50,536 57,338
311355 Bonuses 0 0 0 0 0 0 0 0 0
------- ------- ------- ------- ------- ------- ------- ------- -------
Salaries, Benefits & Bonuses 175,922 174,117 185,754 187,131 198,748 184,894 196,123 189,438 199,170
------- ------- ------- ------- ------- ------- ------- ------- -------
Other Expenses
311415 Banquet Expense 746 705 867 1,009 1,285 1,194 1,276 1,226 1,369
311425 MGMT INCENTIVE 0 0 40,250 0 0 40,250 0 0 40,250
000000 Xxxxx 943 1,044 1,209 1,622 1,903 1,355 1,988 2,000 2,068
311436 Contract Services 707 783 906 1,217 1,427 1,391 1,416 1,500 1,551
311444 Decorations 497 470 578 673 857 796 851 817 913
311465 ADVERTISING EXPENSE 0 0 0 0 0 0 0 0 0
311478 Glassware 471 522 604 811 951 927 944 1,000 1,034
311489 CHARGEBACK EXPENSE 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
311493 Kitchen Fuel 497 470 578 673 857 796 851 817 913
311501 Laundry Allocation 5,032 5,050 5,462 5,310 5,650 5,328 5,350 5,620 5,658
311506 Licenses & Inspections 746 705 367 1,009 1,285 1,914 1,276 1,226 1,369
311508 Linen 746 705 367 1,009 1,285 1,914 1,276 1,226 1,369
311518 Menus & Xxx List 497 470 578 673 857 796 851 817 913
311520 BASE MGT FEE 3,539 3,918 4,534 6,085 7,136 6,958 7,082 7,500 7,757
311522 Music & Entertainment 497 470 578 673 857 796 851 817 913
311528 Paper & Plastics 235 261 302 405 475 463 472 500 517
311546 Promotional Beverage 2,000 2,000 2,500 3,000 3,000 4,000 4,000 4,000 4,000
311547 Promotional Food 4,000 4,000 5,000 6,000 6,000 8,000 8,000 8,000 8,000
311549 Purchasing 0 0 0 0 0 0 0 0 0
311557 Security Allocation 0 0 0 0 0 0 0 0 0
311562 Silverware 471 522 604 811 951 927 944 1,000 1,034
311567 Operating Supplies 2,831 3,134 3,627 4,868 5,709 5,566 5,566 6,000 6,206
311574 Telephone 497 470 578 673 857 796 851 817 913
311592 Uniforms 1,742 1,646 2,025 2,356 3,000 2,788 2,978 2,862 3,196
311594 Utensils 248 235 289 336 428 398 425 408 456
------- ------- ------- ------- ------- ------- ------- ------- -------
Total Other Expenses 35,275 35,913 81,136 47,546 53,103 94,746 55,581 56,486 98,732
------- ------- ------- ------- ------- ------- ------- ------- -------
Food Department Oct-95 Nov-95 Dec-95 Totals %
=========================================================
Revenues
311079 Room Service 23,708 19,680 15,960 $237,483 4.6%
000000 XXXX XXXXXX CAFE 180,000 180,000 180,000 1,761,000 34.0%
311037 XXX. XXXXX TAVERN 178,630 173,459 161,609 1,730,884 33.4%
311037 COFEE CART 4,663 4,462 2,995 44,110 0.9%
311037 Food Outlet #4 0 0 0 0 0.0%
311037 Food Outlet #5 0 0 0 0 0.0%
311037 Food Outlet #6 0 0 0 0 0.0%
311037 Food Outlet #7 0 0 0 0 0.0%
311037 Food Outlet #8 0 0 0 0 0.0%
311037 Food Outlet #9 0 0 0 0 0.0%
------- ------- ------- ---------- ----
Subtotal Regular 387,001 377,601 360,564 3,773,477 72.8%
Banquet 189,401 124,256 112,357 1,411,939 27.2%
------- ------- ------- ---------- ----
Total Food Revenues 576,402 501,957 472,921 $5,185,416 100.0%
------- ------- ------- ---------- ----
311100 Cost of Food 161,392 140,519 132,417 1,459,904 28.2%
------- ------- ------- ---------- ----
Total Gross Profit 415,010 361,338 340,504 $3,725,512 71.8%
------- ------- ------- ---------- ----
Expenses
Salaries & Wages 143,848 138,682 140,967 $1,643,142 31.7%
311396 Benefits 51,715 55,123 55,622 634,111 12.2%
311355 Bonuses 0 0 0 0 0.0%
------- ------- ------- ---------- ----
Salaries, Benefits & Bonuses 195,563 193,805 198,589 $2,277,253 43.9%
------- ------- ------- ---------- ----
Other Expenses
311415 Banquet Expense 1,621 1,338 1,220 13,856 0.3%
311425 MGMT INCENTIVE 0 0 40,250 161,000 3.1%
000000 Xxxxx 2,305 2,007 1,891 20,735 0.4%
311436 Contract Services 1,729 1,505 1,418 15,550 0.3%
311444 Decorations 1,080 892 813 9,237 0.2%
311465 ADVERTISING EXPENSE 0 0 0 0 0.0%
311478 Glassware 1,152 1,003 945 10,364 0.2%
311489 CHARGEBACK EXPENSE 8,333 8,333 8,333 99,996 1.9%
311493 Kitchen Fuel 1,080 892 813 9,237 0.2%
311501 Laundry Allocation 5,690 5,633 5,534 65,317 1.3%
311506 Licenses & Inspections 1,621 1,338 1,220 13,856 0.3%
311508 Linen 1,621 1,338 1,220 13,856 0.3%
311518 Menus & Xxx List 1,080 892 813 9,237 0.2%
311520 BASE MGT FEE 8,646 7,527 7,093 77,775 1.5%
311522 Music & Entertainment 1,080 892 813 9,237 0.2%
311528 Paper & Plastics 576 501 472 5,179 0.1%
311546 Promotional Beverage 4,000 4,000 4,000 40,500 0.8%
311547 Promotional Food 8,000 8,000 8,000 81,000 1.6%
311549 Purchasing 0 0 0 0 0.0%
311557 Security Allocation 0 0 0 0 0.0%
311562 Silverware 1,152 1,003 945 10,364 0.2%
311567 Operating Supplies 6,916 6,022 5,675 62,220 1.2%
311574 Telephone 1,080 892 813 9,237 0.2%
311592 Uniforms 3,782 3,123 2,848 32,346 0.6%
311594 Utensils 540 446 447 4,656 0.1%
------- ------- ------- ---------- ----
Total Other Expenses 63,084 57,577 95,576 $774,755 14.9%
------- ------- ------- ---------- ----
GUEST QUARTERS CHICAGO
Food Department (continued) Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95 Sep-95
==============================================================================================
Total Food Dept. Exp. 211,197 210,030 266,889 234,677 251,851 279,639 251,705 245,924 297,902
------- ------- ------- ------- ------- ------- ------- ------- -------
Departmental Profit (43,683) (24,560) (52,257) 57,437 90,713 54,378 88,256 114,098 74,464
------- ------- ------- ------- ------- ------- ------- ------- -------
311270 Public Room Rental 5,460 6,255 14,272 14,765 11,520 12,295 12,568 9,726 11,335
311262 Banquet Other 6,054 4,109 9,205 13,165 6,002 5,669 10,010 8,366 12,560
311228 Audio/Visual 14,129 18,224 23,276 24,193 21,210 17,543 24,038 20,385 24,941
311229 Banq Gratuity Recovery 3,633 2,916 4,118 4,629 6,175 4,259 4,226 4,502 5,901
311262 Room Srv. Del. Chrg 0 0 0 0 0 0 0 0 0
311262 Xxx Entertainment Chg. 0 0 0 0 0 0 0 0 0
------- ------- ------- ------- ------- ------- ------- ------- -------
Total Other Income 29,276 31,504 50,871 56,752 44,907 39,766 50,842 42,979 54,737
------- ------- ------- ------- ------- ------- ------- ------- -------
311136 Cost of Sales - AV 2,119 2,733 3,491 3,628 3,181 2,631 3,605 3,057 3,741
311136 Cost of Sales - Banq. Other 1,210 821 1,841 2,633 1,200 1,133 2,002 1,673 2,512
------- ------- ------- ------- ------- ------- ------- ------- -------
Food Department Profit (17,736) 3,390 (6,718) 107,928 131,239 90,390 133,491 152,347 122,948
======= ======= ======= ======= ======= ======= ======= ======= =======
Food Department (continued) Oct-95 Nov-95 Dec-95 Totals %
=====================================================
Total Food Dept. Exp. 258,647 251,382 292,165 $3,052,008 58.9%
------- ------- ------- ---------- ----
Departmental Profit 156,363 109,956 48,339 $673,504 13.0%
------- ------- ------- ---------- ----
311270 Public Room Rental 7,560 9,091 3,669 118,546 2.3%
311262 Banquet Other 4,045 5,886 4,498 89,569 1.7%
311228 Audio/Visual 12,109 10,442 3,860 214,350 4.1%
311229 Banq Gratuity Recovery 7,545 5,267 5,174 58,345 1.1%
311262 Room Srv. Del. Chrg 0 0 0 0 0.0%
311262 Xxx Entertainment Chg. 0 0 0 0 0.0%
------- ------- ------- ---------- ----
Total Other Income 31,259 30,686 17,201 $480,780 9.3%
------- ------- ------- ---------- ----
311136 Cost of Sales - AV 1,816 1,566 579 32,147 0.6%
311136 Cost of Sales - Banq. Other 809 1,177 899 17,910 0.3%
------- ------- ------- ---------- ----
Food Department Profit 184,997 137,899 64,062 $1,104,227 21.3%
======= ======= ======= ========== ====
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95 Sep-95
=========================================================================================================================
Food Department - Revenues:
Room Service
Room Serv Cvs - BRK NA 417 849 894 785 915 852 849 853 829
Room Serv Cvs - /OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Room Serv AC. - BRK NA 7.04 7.04 7.04 7.04 7.04 7.04 7.04 7.07 7.04
Total Covers 417 849 894 785 915 852 849 853 829
Total Revenue 2,935 5,974 6,295 5,529 6,441 6,001 5,980 6,033 5,835
Room Serv Cvs - LUNCH NA 156 106 60 30 38 36 39 36 41
Room Serv Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Room Serv AC. - LUNCH NA 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56 6.56
Total Covers 156 106 60 30 38 36 39 36 41
Total Revenue 1,026 696 391 198 250 233 253 233 272
Room Serv Cvs - DIN NA 677 902 1,133 846 991 924 1,004 1,209 995
Room Serv Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Room Serv AC. - DIN NA 13.05 13.05 14.50 14.50 14.50 14.50 14.50 14.50 14.50
Total Covers 677 902 1,133 846 991 924 1,004 1,209 995
Total Revenue 8,840 11,767 16,423 12,263 14,371 13,391 14,556 17,529 14,423
Total Room Service Covers 1,251 1,856 2,086 1,661 1,944 1,812 1,892 2,098 1,865
311079 Total Room Service Revenue $12,801 $18,437 $23,109 $17,990 $21,062 $19,625 $20,739 $23,795 $20,530
Average Check $10.24 $9.93 $11.08 $10.83 $10.83 $10.83 $10.99 $11.34 $11.01
Room Service AM Covers 573 955 954 816 953 888 888 889 870
Room Service PM Covers 677 902 1,133 846 991 924 1,004 1,209 995
-------------------------------------------------------------------------------------------------------------------------
PARK AVENUE CAFE
Outlet #1 Cvs - BRK NA 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - /OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. - BRK NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - LUNCH NA 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. - LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - BRUNCH NA 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. - BRUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - OTHLUN NA 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. - OTHLUN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - DIN NA 1,500 3,000 3,000 4,000 4,500 5,000 5,000 5,000 5,000
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. - DIN NA 26.00 26.00 26.00 36.00 36.00 36.00 36.00 36.00 36.00
Total Covers 1,500 3,000 3,000 4,000 4,500 5,000 5,000 5,000 5,000
Total Revenue 39,000 78,000 79,000 144,000 162,000 180,000 180,000 180,000 180,000
Data File Oct-95 Nov-95 Dec-95 Totals
====================================================================
Food Department - Revenues:
Room Service
Room Serv Cvs - BRK 1,672 1,094 735 10,745
Room Serv Cvs - /OR 0.0 0.0 0.0 0
Room Serv AC. - BRK 7.04 7.04 7.04 $7.04
Total Covers 1,672 1,094 735 10,745
Total Revenue 11,770 7,705 5,172 75,670
Room Serv Cvs - LUNCH 264 337 396 1,538
Room Serv Cvs - /OR 0.0 0.0 0.0 0
Room Serv AC. - LUNCH 6.56 6.56 6.56 $6.56
Total Covers 264 337 396 1,538
Total Revenue 1,732 2,209 2,595 10,088
Room Serv Cvs - DIN 704 674 565 10,622
Room Serv Cvs - /OR 0.0 0.0 0.0 0
Room Serv AC. - DIN 14.50 14.50 14.50 $14.28
Total Covers 704 674 565 10,622
Total Revenue 10,207 9,766 8,194 151,730
Total Room Service Covers 2,640 2,105 1,695 22,905
311079 Total Room Service Revenue $23,708 $19,680 $15,961 $237,487
Average Check $8.98 $9.35 $9.41 $10.37
Room Service AM Covers 1,936 1,431 1,130 12,283
Room Service PM Covers 704 674 565 10,622
--------------------------------------------------------------------
PARK AVENUE CAFE
Outlet #1 Cvs - BRK 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0
Outlet #1 AC. - BRK 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #1 Cvs - LUNCH 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0
Outlet #1 AC. - LUNCH 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #1 Cvs - BRUNCH 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0
Outlet #1 AC. - BRUNCH 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #1 Cvs - XXXXXX 0 0 0 0
Xxxxxx #0 Xxx - /XX 0.0 0.0 0.0 0
Outlet #1 AC. - OTHLUN 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #1 Cvs - DIN 5,000 5,000 5,000 51,000
Outlet #1 Cvs - /OR 0.0 0.0 0.0 1
Outlet #1 AC. - DIN 36.00 36.00 36.00 34.[ILLEGIBLE]
Total Covers 5,000 5,000 5,000 51,000
Total Revenue 180,000 180,000 180,000 1,751,000
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95 Sep-95
==============================================================================================================================
Outlet #1 Cvs -SURF& T NA 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. -SURF & T NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs -OTHDIN NA 0 0 0 0 0 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #1 AC. -OTHDIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Total Outlet 1 Covers 1,500 3,000 3,000 4,000 4,500 5,000 5,000 5,000 5,000
Total Outlet 1 Revenue $39,000 $78,000 $79,000 $144,000 $162,000 $180,000 $180,000 $180,000 $180,000
Average Check $26.00 $26.00 $26.00 $36.00 $36.00 $36.00 $36.00 $36.00 $36.00
------------------------------------------------------------------------------------------------------------------------------
XXX. XXXXX TAVERN
Outlet #2 Cvs -BRK NA 2,658 2,281 2,742 2,900 3,736 3,552 2,934 3,200 2,901
Outlet #2 Cvs - /OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #2 AC. -BRK NA 8.24 8.24 8.24 8.24 8.24 8.24 8.24 8.24 8.24
Total Covers 2,658 2,281 2,742 2,900 3,736 3,552 2,934 3,200 2,901
Total Revenue 21,902 18,795 22,594 23,896 30,785 29,268 24,176 26,369 23,904
Outlet #2 Cvs -LUNCH NA 2,000 2,000 2,500 2,750 3,000 3,500 4,000 4,500 4,000
Outlet #2 Cvs -/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #2 AC. -LUNCH NA 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00
Total Covers 2,000 2,000 2,500 2,750 3,000 3,500 4,000 4,500 4,000
Total Revenue 28,000 28,000 35,000 38,500 42,000 49,000 56,000 63,000 56,000
Outlet #2 Cvs - DIN NA 2,500 2,500 2,500 3,000 3,500 4,000 4,000 4,500 4,500
Outlet #2 Cvs -/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #2 AC. -DIN NA 16.00 16.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00
Total Covers 2,500 2,500 2,500 3,000 3,500 4,000 4,000 4,500 4,500
Total Revenue 40,000 40,000 50,000 60,000 70,000 80,000 80,000 90,000 90,000
Total Outlet 2 Covers 7,158 6,781 7,742 8,650 10,236 11,052 10,934 12,200 11,401
Total Outlet 2 Revenue $89,902 $86,795 $107,594 $122,396 $142,785 $158,268 $160,176 $179,368 $169,904
Average Check $12.56 $12.80 $13.90 $14.15 $13.95 $14.32 $14.65 $14.70 $14.90
------------------------------------------------------------------------------------------------------------------------------
COFFEE CART
Outlet #3 Cvs - BRK NA 5,211 5,304 5,961 6,041 7,624 7,104 7,722 7,111 8,289
Outlet #3 Cvs - /OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #3 AC. -BRK NA 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53
Total Covers 5,211 5,304 5,961 6,041 7,624 7,104 7,722 7,111 8,289
Total Revenue 2,762 2,811 3,159 3,202 4,041 3,765 4,093 3,169 4,393
Outlet #3 Cvs -LUNCH NA 0 0 0 0 0 0 0 0 0
Outlet #3 Cvs -/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #3 AC. -LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #3 Cvs -DIN NA 0 0 0 0 0 0 0 0 0
Outlet #3 Cvs - /OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #3 AC. -DIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Data File Oct-95 Nov-95 Dec-95 Totals
======================================================================
Outlet #1 Cvs -SURF& T 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0
Outlet #1 AC. -SURF & T 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #1 Cvs -OTHDIN 0 0 0 0
Outlet #1 Cvs - /OR 0.0 0.0 0.0 0
Outlet #1 AC. -OTHDIN 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Total Outlet 1 Covers 5,000 5,000 5,000 51,000
Total Outlet 1 Revenue $180,000 $180,000 $180,000 $1,761,000
Average Check $36.00 $36.00 $36.00 $[ILLEGIBLE]
----------------------------------------------------------------------
XXX. XXXXX TAVERN
Outlet #2 Cvs -BRK 3,960 4,546 3,108 38,519
Outlet #2 Cvs - /OR 0.0 0.0 0.0 0
Outlet #2 AC. -BRK 8.24 8.24 8.24 $8.24
Total Covers 3,960 4,546 3,109 38,518
Total Revenue 32,630 37,459 25,610 317,388
Outlet #2 Cvs -LUNCH 4,000 4,000 4,000 40,250
Outlet #2 Cvs -/OR 0.0 0.0 0.0 0
Outlet #2 AC. -LUNCH 14.00 14.00 14.00 $14.00
Total Covers 4,000 4,000 4,000 40,250
Total Revenue 56,000 56,000 56,000 563,500
Outlet #2 Cvs - DIN 4,500 4,000 4,000 43,500
Outlet #2 Cvs -/OR 0.0 0.0 0.0 1
Outlet #2 AC. -DIN 20.00 20.00 20.00 $19.54
Total Covers 4,500 4,000 4,000 43,500
Total Revenue 90,000 80,000 80,000 850,000
Total Outlet 2 Covers 12,460 12,546 11,108 122,269
Total Outlet 2 Revenue $178,630 $173,459 $161,610 $1,730,988
Average Check $14.34 $13.83 $14.55 $14.16
COFFEE CART
Outlet #3 Cvs - BRK 8,799 8,419 5,651 83,236
Outlet #3 Cvs - /OR 0.0 0.0 0.0 1
Outlet #3 AC. -BRK 0.53 0.53 0.53 $0.53
Total Covers 8,799 8,419 5,651 83,236
Total Revenue 4,663 4,462 2,995 44,115
Outlet #3 Cvs -LUNCH 0 0 0 0
Outlet #3 Cvs -/OR 0.0 0.0 0.0 0
Oultet #3 AC. -LUNCH 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #3 Cvs -DIN 0 0 0 0
Outlet #3 Cvs - /OR 0.0 0.0 0.0 0
Outlet #3 AC. -DIN 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95 Sep-95
====================================================================================================================================
Total Outlet 3 Covers 5,211 5,304 5,961 6,041 7,624 7,104 7,222 7,111 8,289
Total Outlet 3 Revenue $2,762 $2,811 $3,159 $3,202 $4,041 $3,765 $4,093 $3,769 $4,393
Average Check $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53
------------------------------------------------------------------------------------------------------------------------------------
Food Outlet #4
Outlet #4 Cvs-BRK NA 0 0 0 0 0 0 0 0 0
Outlet #4 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #4 AC.-BRK NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #4 Cvs-LUNCH NA 0 0 0 0 0 0 0 0 0
Outlet #4 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #4 AC.-LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #4 Cvs-DIN NA 0 0 0 0 0 0 0 0 0
Outlet #4 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #4 AC.-DIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Total Outlet 4 Covers 0 0 0 0 0 0 0 0 0
Total Outlet 4 Revenue $0 $0 $0 $0 $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
------------------------------------------------------------------------------------------------------------------------------------
Food Outlet #5
Outlet #5 Cvs-BRK NA 0 0 0 0 0 0 0 0 0
Outlet #5 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #5 AC.-BRK NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #5 Cvs-LUNCH NA 0 0 0 0 0 0 0 0 0
Outlet #5 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #5 AC.-LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Outlet #5 Cvs-DIN NA 0 0 0 0 0 0 0 0 0
Outlet #5 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #5 AC.-DIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
Total Outlet 5 Covers 0 0 0 0 0 0 0 0 0
Total Outlet 5 Revenue $0 $0 $0 $0 $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
------------------------------------------------------------------------------------------------------------------------------------
Food Outlet #6
Outlet #6 Cvs-BRK NA 0 0 0 0 0 0 0 0 0
Outlet #6 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet $6 AC.-BRK NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0 0
======================================================================================= ============
Data File Annual Oct-95 Nov-95 Dec-95 Totals
======================================================================================= ============
Total Outlet 3 Covers 8,799 8,419 5,651 83,236
Total Outlet 3 Revenue $4,663 $4,462 $2,995 $44,115
Average Check $0.53 $0.53 $0.53 $0.53
--------------------------------------------------------------------------------------- ------------
Food Outlet #4
Outlet #4 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet #4 AC.-BRK NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #4 Xxx-XXXXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet #4 AC.-LUNCH NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #4 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet #4 AC.-DIN NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Total Outlet 4 Covers 0 0 0 0
Total Outlet 4 Revenue $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00
--------------------------------------------------------------------------------------- ------------
Food Outlet #5
Outlet #5 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet #5 AC.-BRK NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #5 Xxx-XXXXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet #5 AC.-LUNCH NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #5 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet #5 AC.-DIN NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Total Outlet 5 Covers 0 0 0 0
Total Outlet 5 Revenue $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00
--------------------------------------------------------------------------------------- ------------
Food Outlet #6
Outlet #6 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0
Outlet $6 AC.-BRK NA 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95
====================================================================================================================================
Outlet #6 Cvs-LUNCH NA 0 0 0 0 0 0 0 0
Outlet #6 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #6 AC.-LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Outlet #6 Cvs-DIN NA 0 0 0 0 0 0 0 0
Outlet #6 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #6 AC.-DIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Total Outlet 6 Covers 0 0 0 0 0 0 0 0
Total Outlet 6 Revenue $0 $0 $0 $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
------------------------------------------------------------------------------------------------------------------------------------
Food Outlet #7
Outlet #7 Cvs-BRK NA 0 0 0 0 0 0 0 0
Outlet #7 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #7 AC.-BRK NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Outlet #7 Cvs-LUNCH NA 0 0 0 0 0 0 0 0
Outlet #7 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #7 AC.-LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Outlet #7 Cvs-DIN NA 0 0 0 0 0 0 0 0
Outlet #7 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #7 AC.-DIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Total Outlet 7 Covers 0 0 0 0 0 0 0 0
Total Outlet 7 Revenue $0 $0 $0 $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
------------------------------------------------------------------------------------------------------------------------------------
Outlet #8 Cvs-BRK NA 0 0 0 0 0 0 0 0
Outlet #8 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #8 AC.-BRK NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Outlet #8 Cvs-LUNCH NA 0 0 0 0 0 0 0 0
Outlet #8 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #8 AC.-LUNCH NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0 0
Outlet #8 Cvs-DIN NA 0 0 0 0 0 0 0 0
Outlet #8 Cvs-/OR NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Outlet #8 AC.-DIN NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0 0 0 0
======================================================================================================== ============
Data File Annual Sep-95 Oct-95 Nov-95 Dec-95 Totals
======================================================================================================== ============
Outlet #6 Cvs-LUNCH NA 0 0 0 0 0
Outlet #6 Cvs-/OR NA 0.0 0.0 0.0 0.0 0
Outlet #6 AC.-LUNCH NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #6 Xxx-XXX XX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0 0
Outlet #6 AC.-DIN NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Total Outlet 6 Covers 0 0 0 0 0
Total Outlet 6 Revenue $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00
-------------------------------------------------------------------------------------------------------- ------------
Food Outlet #7
Outlet #7 Cvs-BRK NA 0 0 0 0 0
Outlet #7 Cvs-/OR NA 0.0 0.0 0.0 0.0 0
Outlet #7 AC.-BRK NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #7 Xxx-XXXXX XX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0 0
Outlet #7 AC.-LUNCH NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #7 Xxx-XXX XX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0 0
Outlet #7 AC.-DIN NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Total Outlet 7 Covers 0 0 0 0 0
Total Outlet 7 Revenue $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00
-------------------------------------------------------------------------------------------------------- ------------
Outlet #8 Xxx-XXX XX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0 0
Outlet #8 AC.-BRK NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #8 Xxx-XXXXX XX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0 0
Outlet #8 AC.-LUNCH NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #8 Xxx-XXX XX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0 0
Outlet #8 AC.-DIN NA 0.00 0.00 0.00 0.00 $0.00
Total Covers 0 0 0 0 0
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95
====================================================================================================================================
Total Revenue 0 0 0 0
Total Outlet 8 Covers 0 0 0 0
Total Outlet 8 Revenue $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00
-----------------------------------------------------------------------------------------------------------------------------
Food Outlet #9
Outlet #9 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0
Outlet #9 AC.-BRK NA 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #9 Xxx-XXXXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0
Outlet #9 AC.-LUNCH NA 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #9 Xxx-XXX XX 0 0 0 0
Xxxxxx #0 Xxx-/XX XX 0.0 0.0 0.0 0.0
Outlet #9 AC.-DIN NA 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Total Outlet 9 Covers 0 0 0 0
Total Outlet 9 Revenue $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00
-----------------------------------------------------------------------------------------------------------------------------
Total Regular Covers 13,869 15,085 16,703 18,691
311037 Total Regular Food Revenue $131,664 $167,607 $188,753 $269,598
Average Check $9.49 $11.11 $11.30 $14.42
Total AM Covers (xxx.XX) 9.869 9,585 11,203 11,691
Total PM Covers 4,000 5,500 5,500 7,000
-----------------------------------------------------------------------------------------------------------------------------
Banquet
Banquet Covers -BRK NA 288 106 179 121
Banquet Covers /OR NA 0.0 0.0 0.0 0.0
Banquet Avg.Chk. -BRK NA 12.72 12.72 12.72 12.72
Total Covers 288 106 179 121
311008 Total Revenue 2,651 1,349 2,275 1,537
Banquet Covers -LUNCH NA 1,928 1,273 1,311 1,102
Banquet Covers /OR NA 0.0 0.0 0.0 0.0
Banquet Avg.Chk-LUNCH NA 22.50 22.50 22.50 29.50
Total Covers 1928.0 1,273 1,311 1,102
311009 Total Revenue 43,382 28,642 29,507 32,523
Banquet Covers -DINNER NA 521.0 212 596 423
Banquet Covers /OR NA 0.0 0.0 0.0 0.0
Banquet AvgChk-Dinner NA 30.00 30.00 30.00 38.00
Total Covers 521.0 212 596 423
311010 Total Revenue 15,633 6,365 17,883 16,069
Banquet Covers-RECEPT NA 208 477 179 544
Banquet Covers /OR NA 0.0 0.0 0.0 0.0
Banquet AvgChk-RECEPT NA 18.00 18.00 18.00 28.00
====================================================================================================================================
Data File May-95 Jun-95 Jul-95 Aug-95 Sep-95
====================================================================================================================================
Total Revenue 0 0 0 0 0
Total Outlet 8 Covers 0 0 0 0 0
Total Outlet 8 Revenue $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00
-----------------------------------------------------------------------------------------------------------------------------
Food Outlet #9
Outlet #9 Cvs-BRK 0 0 0 0 0
Outlet #9 Cvs-/OR 0.0 0.0 0.0 0.0 0.0
Outlet #9 AC.-BRK 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #9 Xxx-XXXXX 0 0 0 0 0
Xxxxxx #0 Xxx-/XX 0.0 0.0 0.0 0.0 0.0
Outlet #9 AC.-LUNCH 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Outlet #9 Cvs-DIN 0 0 0 0 0
Outlet #9 Cvs-/OR 0.0 0.0 0.0 0.0 0.0
Outlet #9 AC.-DIN 0.00 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0 0
Total Revenue 0 0 0 0 0
Total Outlet 9 Covers 0 0 0 0 0
Total Outlet 9 Revenue $0 $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00 $0.00
-----------------------------------------------------------------------------------------------------------------------------
Total Regular Covers 22,360 23,156 23,656 24,311 24,698
311037 Total Regular Food Revenue $309,825 $342,034 $344,269 $363,137 $354,297
Average Check $13.81 $14.77 $14.55 $14.94 $14.35
Total AM Covers (xxx.XX) 14,360 14,156 14,656 14,911 15,190
Total PM Covers 8,000 9,000 9,000 9,500 9,500
-----------------------------------------------------------------------------------------------------------------------------
Banquet
Banquet Covers -BRK 229 89 386 450 497
Banquet Covers /OR 0.0 0.0 0.0 0.0 0.0
Banquet Avg.Chk. -BRK 12.72 12.72 12.72 14.50 12.72
Total Covers 229 29 386 450 497
311008 Total Revenue 2,009 1,130 4,911 6,525 6,326
Banquet Covers -LUNCH 1,601 924 1,776 1,850 2,072
Banquet Covers /OR 0.0 0.0 0.0 0.0 0.0
Banquet Avg.Chk-LUNCH 29.50 29.50 28.50 28.50 24.50
Total Covers 1,601 924 1,776 1,850 2,072
311009 Total Revenue 47,231 27,244 50,618 52,725 50,770
Banquet Covers -DINNER 1,067 710 309 825 481
Banquet Covers /OR 0.0 0.0 0.0 0.0 0.0
Banquet AvgChk-Dinner 30.00 38.00 38.00 38.00 38.00
Total Covers 1,067 710 309 825 481
311010 Total Revenue 32,021 26,995 9,266 31,350 18,276
Banquet Covers-RECEPT 915 213 77 250 497
Banquet Covers /OR 0.0 0.0 0.0 0.0 0.0
Banquet AvgChk-RECEPT 18.00 28.00 19.00 36.00 19.00
================================================================================================ ==============
Data File Oct-95 Nov-95 Dec-95 Totals
================================================================================================ ==============
Total Revenue 0 0 0 0
Total Outlet 8 Covers 0 0 0 0
Total Outlet 8 Revenue $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00
-----------------------------------------------------------------------------------------------------------------------------
Food Outlet #9
Outlet #9 Xxx-XXX 0 0 0 0
Xxxxxx #0 Xxx-/XX 0.0 0.0 0.0 0.0
Outlet #9 AC.-BRK 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #9 Xxx-XXXXX 0 0 0 0
Xxxxxx #0 Xxx-/XX 0.0 0.0 0.0 0.0
Outlet #9 AC.-LUNCH 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Outlet #9 Xxx-XXX 0 0 0 0
Xxxxxx #0 Xxx-/XX 0.0 0.0 0.0 0.0
Outlet #9 AC.-DIN 0.00 0.00 0.00 0.00
Total Covers 0 0 0 0
Total Revenue 0 0 0 0
Total Outlet 9 Covers 0 0 0 0
Total Outlet 9 Revenue $0 $0 $0 $0
Average Check $0.00 $0.00 $0.00 $0.00
----------------------------------------------------------------------------------------- --------------------------------
Total Regular Covers 26,259 25,965 21,759 256,504
311037 Total Regular Food Revenue $363,294 $357,921 $344,605 $3,536,003
Average Check $13.84 $13.70 $15.84 $13.79
Total AM Covers (xxx.XX) 16,759 16,965 12,759 162,004
Total PM Covers 9,000 9,000 9,000 94,000
----------------------------------------------------------------------------------------- --------------------------------
Banquet
Banquet Covers -BRK 616 105 679 3,664
Banquet Covers /OR 0.0 0.0 0.0 0
Banquet Avg.Chk. -BRK 1272 1272 12.72 $12.94
Total Covers 616 105 678 3,664
311008 Total Revenue 7,835 1,339 8,626 47,412
Banquet Covers -LUNCH 2,024 1,347 622 17,830
Banquet Covers /OR 0.0 0.0 0.0 0
Banquet Avg.Chk-LUNCH 22.50 28.50 22.50 25.83
Total Covers 2,024 1,347 622 17,930
311009 Total Revenue 45,535 38,391 13,986 460,554
Banquet Covers -DINNER 2,112 925 849 9,030
Banquet Covers /OR 0.0 0.0 0.0 0
Banquet AvgChk-Dinner 30.00 36.00 30.00 $32.78
Total Covers 2,112 926 848 9,030
311010 Total Revenue 63,353 33,339 25,430 295,980
Banquet Covers-RECEPT 1,496 1,010 1,500 7367.0
Banquet Covers /OR 0.0 0.0 0.0 0
Banquet AvgChk-RECEPT 18.00 24.00 26.00 $21.75
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95
====================================================================================================================================
Total Covers 208.0 477 179 544
311007 Total Revenue 3752.0 8,592 3,219 15,223
Xxxxxxx Xxxxxx XXX XXX XX 0000.0 3,023 3,755 3,625
Banquet Covers /OR NA 0.0 0.0 0.0 0.0
Banquet AvgChk COF BRK NA 10.00 10.00 10.00 14.56
Total Covers 2,606 3,023 3,755 3,625
311007 Total Revenue 26,055 30,233 37,554 52,774
Total Banquet Covers 5,472 5,092 6,021 5,814
Total Banquet Revenue $91,473 $75,181 $90,438 $118,127
Average Check $16.72 $14.77 $15.02 $20.32
Total AM Banquet Covers 4,742 4,402 5,246 4,848
Total PM Banquet Covers 730 690 775 967
-----------------------------------------------------------------------------------------------------------------------------
Total All Food Revenue $235,937 $261,225 $302,300 $405,714
Total All Covers 20,591 22,033 24,810 26,167
-----------------------------------------------------------------------------------------------------------------------------
Other Revenues:
311270 Public Room Rental N/A 5,460 6,255 14,272 14,765
311262 Banquet Other N/A 6,054 4,109 9,205 13,165
311228 Audio/Visual N/A 14,129 18,224 23,276 24,193
311229 Banq Gratuity Recover 3.5% XX XX XX XX
000000 Room Srv. Del.Chrg 0 0 0 0 0
311262 Xxx Entertainment Chg 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------------------
Food Department - Cost of Sales:
311100 Food Cost % NA 29.00% 29.00% 29.00% 28.00%
311136 Audio/Visual Cost % NA 15.00% 15.00% 15.00% 15.00%
311136 Banquet Other Cost % NA 20.00% 20.00% 20.00% 20.00%
-----------------------------------------------------------------------------------------------------------------------------
Food Department - Payroll
Roga Service/Restaurant
Restaurant Manager
Minimum Hours/Week Required 114.00 114.00 96.00 114.00
Adequate to covers of -----) 99999.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 504 456 425 488
Maximum monthly hours allowed 750 750 750 750
Hourly Wage $15.00 $15.00 $15.00 $15.00
Asst. Restaurant Manager
Minimum Hours/Week Required 112.00 112.00 112.00 112.00
Adequate to covers of -----) 99999.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 496.0 448 496 480
Maximum monthly hours allowed 1,500 1,500 1,500 1,500
Hourly Wage $12.78 $12.78 $12.78 $12.78
Room Service Supervisor
Minimum Hours/Week Required 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
====================================================================================================================================
Data File May-95 Jun-95 Jul-95 Aug-95 Sep-95
====================================================================================================================================
Total Covers 915 213 77 250 497
311007 Total Revenue 16,468 5,967 1,390 6,500 8,952
Banquet Covers COF BRK 4,727 2,557 4,093 1,000 4,145
Banquet Covers /OR 0.0 0.0 0.0 0.0 0.0
Banquet AvgChk COF BRK 10.00 16.00 10.00 16.00 14.00
Total Covers 4,727 2,557 4,093 1,000 4,145
311007 Total Revenue 47,269 40,919 40,927 16,000 58,023
Total Banquet Covers 8,539 4,493 6,641 4,375 7,692
Total Banquet Revenue $145,897 $102,255 $107,112 $113,100 $142,348
Average Check $17.09 $22.76 $16.13 $25.85 $18.51
Total AM Banquet Covers 6,557 3,570 6,255 3,300 6,714
Total PM Banquet Covers 1,982 924 386 1,075 978
-----------------------------------------------------------------------------------------------------------------------------
Total All Food Revenue $475,795 $463,914 $472,170 $500,032 $517,175
Total All Covers 32,843 29,461 32,189 30,784 34,247
-----------------------------------------------------------------------------------------------------------------------------
Other Revenues:
311270 Public Room Rental 11,520 12,295 12,568 9,726 11,335
311262 Banquet Other 6,002 5,669 10,010 8,366 12,560
311228 Audio/Visual 21,210 17,543 24,038 20,385 24,941
311229 Banq Gratuity Recover XX XX XX XX XX
000000 Room Srv. Del.Chrg 0 0 0 0 0
311262 Xxx Entertainment Chg 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------------------
Food Department - Cost of Sales:
311100 Food Cost % 28.00% 28.00% 28.00% 28.00% 28.00%
311136 Audio/Visual Cost % 15.00% 15.00% 15.00% 15.00% 15.00%
311136 Banquet Other Cost % 20.00% 20.00% 20.00% 20.00% 20.00%
-----------------------------------------------------------------------------------------------------------------------------
Food Department - Payroll
Roga Service/Restaurant
Restaurant Manager
Minimum Hours/Week Required 114.00 112.00 114.00 112.00 114.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 504 403 504 496 488
Maximum monthly hours allowed 750 750 750 750 750
Hourly Wage $15.00 $15.00 $15.00 $15.00 $15.00
Asst. Restaurant Manager
Minimum Hours/Week Required 112.00 112.00 112.00 112.00 112.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 496 480 496 496 480
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500
Hourly Wage $12.78 $12.78 $12.78 $12.78 $12.78
Room Service Supervisor
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
=============================================================================================== ==============
Data File Oct-95 Nov-95 Dec-95 Totals
=============================================================================================== ==============
Total Covers 1,496 1,010 1,500 7,367
311007 Total Revenue 26,925 24,247 39,000 160,236
Banquet Covers COF BRK 4,575 2,694 1,800 39,608
Banquet Covers /OR 0.0 0.0 0.0 0
Banquet AvgChk COF BRK 10.00 10.00 14.00 $11.60
Total Covers 4,575 2,694 1,808 38,608
311007 Total Revenue 45,755 26,941 25,316 447,766
Total Banquet Covers 10,823 6,083 5,456 76,500
Total Banquet Revenue $189,402 $124,256 $112,358 $1,411,946
Average Check $17.50 $20.43 $20.59 $18.46
Total AM Banquet Covers 7,215 4,146 3,108 60,103
Total PM Banquet Covers 3,608 1,936 2,348 16,397
---------------------------------------------------------------------------------------- -------------
Total All Food Revenue $576,404 $501,857 $472,924 $5,185,437
Total All Covers 39,721 34,152 28,910 355,909
---------------------------------------------------------------------------------------- -------------
Other Revenues:
311270 Public Room Rental 7,560 9,091 3,669 118,516
311262 Banquet Other 4,045 5,886 4,498 89,569
311228 Audio/Visual 12,109 10,442 3,860 214,350
311229 Banq Gratuity Recover XX XX XX XX
000000 Room Srv. Del.Chrg 0 0 0 0
311262 Xxx Entertainment Chg 0 0 0 0
---------------------------------------------------------------------------------------- -------------
Food Department - Cost of Sales:
311100 Food Cost % 28.00% 28.00% 28.00%
311136 Audio/Visual Cost % 15.00% 15.00% 15.00%
311136 Banquet Other Cost % 20.00% 20.00% 20.00%
---------------------------------------------------------------------------------------- -------------
Food Department - Payroll
Roga Service/Restaurant
Restaurant Manager
Minimum Hours/Week Required 112.00 114 114
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 496 488 504 5,933
Maximum monthly hours allowed 750 750 750 0.070
Hourly Wage $15.00 $15.00 $15.00
Asst. Restaurant Manager
Minimum Hours/Week Required 112.00 112.00 112.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 496 480 496 5,940
Maximum monthly hours allowed 1,500 1,500 1,500 0.070
Hourly Wage $12.78 $12.78 $12.78
Room Service Supervisor
Minimum Hours/Week Required 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95
====================================================================================================================================
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 0 0 0 0
Maximum monthly hours allowed 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00
Hostess/Cashier
Minimum Hours/Week Required 112.00 112.00 112.00 112.00
Adequate to covers of -----) 0.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 496.0 448 496 480
Maximum monthly hours allowed 750 750 750 750
Hourly Wage $7.00 $7.00 $7.00 $7.00
Food Server - AM
Minimum Hours/Week Required 446.00 446.00 446.00 446.00
Adequate to covers of -----) 100.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 1975.0 1,784 1,975 1,911
Maximum monthly hours allowed 3,000 3,000 3,000 3,000
Hourly Wage $3.25 $3.25 $3.25 $3.25
Food Server - PM
Minimum Hours/Week Required 1150.00 1150.00 1150.00 1300.00
Adequate to covers of -----) 100.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 5,092 4,600 5,092 5,571
Maximum monthly hours allowed 9,500 9,500 9,500 9,500
Hourly Wage $3.00 $3.00 $3.00 $3.00
Dining Room Xxxxxx
Minimum Hours/ Weeks Required 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 0 0 0 0
Maximum monthly hours allowed 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00
Room Service Server
Minimum Hours/Week Required 232.00 232.00 232.00 232.00
Adequate to covers of -----) 100.00 xx xx xx
Covers where max needed: 0.00 xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0
Total Hours for the Month 1,027 928 1,027 994
Maximum monthly hours allowed 1,500 1,500 1,500 1,500
Hourly Wage $3.95 $3.95 $4.00 $4.05
Room Service Operator
====================================================================================================================================
Data File May-95 Jun-95 Jul-95 Aug-95 Sep-95
====================================================================================================================================
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00
Hostess/Cashier
Minimum Hours/Week Required 112.00 112.00 112.00 112.00 112.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 496 480 496 496 480
Maximum monthly hours allowed 750 750 750 750 750
Hourly Wage $7.00 $7.00 $7.00 $7.00 $7.00
Food Server - AM
Minimum Hours/Week Required 446.00 446.00 446.00 446.00 446.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 1,975 1,911 1,975 1,975 1,911
Maximum monthly hours allowed 3,000 3,000 3,000 3,000 3,000
Hourly Wage $3.25 $3.25 $3.25 $3.25 $3.25
Food Server - PM
Minimum Hours/Week Required 1300.00 1400.00 1400.00 1500.00 1500.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 5,757 6,000 6,200 6,642 6,428
Maximum monthly hours allowed 9,500 9,500 9,500 9,500 9,500
Hourly Wage $3.00 $3.00 $3.00 $3.00 $3.00
Dining Room Xxxxxx
Minimum Hours/ Weeks Required 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00
Room Service Server
Minimum Hours/Week Required 232.00 232.00 232.00 232.00 232.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 1,027 994 1,027 1,027 994
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500
Hourly Wage $4.05 $4.05 $4.05 $4.05 $4.05
Room Service Operator
================================================================================================ ==============
Data File Oct-95 Nov-95 Dec-95 Totals
================================================================================================ ==============
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 0 0 0 0
Maximum monthly hours allowed 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00
Hostess/Cashier
Minimum Hours/Week Required 112.00 112.00 112.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 496 480 496 5,840
Maximum monthly hours allowed 750 750 750 0.070
Hourly Wage $7.00 $7.00 $7.00
Food Server - AM
Minimum Hours/Week Required 446.00 446.00 446.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 1,975 1,911 1,975 23,253
Maximum monthly hours allowed 3,000 3,000 3,000 0.279
Hourly Wage $3.25 $3.25 $3.25
Food Server - PM
Minimum Hours/Week Required 1600.00 1600.00 1600.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 7,085 6,857 7,085 72,407
Maximum monthly hours allowed 9,500 9,500 9,500 0.970
Hourly Wage $3.00 $3.00 $3.00
Dining Room Xxxxxx
Minimum Hours/ Weeks Required 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 0 0 0 0
Maximum monthly hours allowed 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00
Room Service Server
Minimum Hours/Week Required 232.00 232.00 232.00
Adequate to covers of -----) xx xx xx
Covers where max needed: xx xx xx
Incremental Hrs./Cover xx xx xx
Incremental Hrs. for the Mon. 0 0 0
Total Hours for the Month 1,027 994 1,027 12,073
Maximum monthly hours allowed 1,500 1,500 1,500 0.145
Hourly Wage $4.05 $4.05 $4.10
Room Service Operator
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95
====================================================================================================================================
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx xx xx
Covers where max needed 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Xxxxxx - AM
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Xxxxxx - PM
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Room Service/Restaurant - Total Wages
311304 Restaurant Manager $7,560 $6,840 $6,375 $7,320 $7,560 $7,200
311304 Asst. Restaurant Manager 6,339 5,725 6,339 6,134 6,339 6,134
311304 Room Service Supervisor 0 0 0 0 0 0
311317 Hostess/Cashier 3,472 3,136 3,472 3,360 3,472 3,360
311319 Food Server - AM 6,419 5,798 6,419 6,211 6,419 6,211
311319 Food Server - PM 15,276 13,800 15,276 16,713 17,271 18,000
311321 Dining Room Xxxxxx 0 0 0 0 0 0
311344 Room Service Server 4,057 3,666 4,108 4,026 4,159 4,026
000000 Room Service Operator 0 0 0 0 0 0
311321 Xxxxxx - AM 0 0 0 0 0 0
311321 Xxxxxx - PM 0 0 0 0 0 0
------- ------- ------- ------ ------- -------
Total Room Serv./Rest. Wages $43,122 $38,965 $41,989 43,764 $45,220 $44,931
------- ------- ------- ------ ------- -------
Banquet - Hours per Week
Banquet Manager
Minimum Hours/Week Required 38.00 32.00 40.00 38.00 38.00 40.00
Adequate to covers of -----) 100.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 128 177 162 168 171
Maximum monthly hours allowed 350 350 350 350 350 350
Hourly Wage $13.63 $13.63 $13.63 $13.63 $13.63 $13.63
Asst. Banquet Manager
Minimum Hours/Week Required 51.00 51.00 62.00 81.00 74.00 71.00
=========================================================================================================================== ========
Data File Annual Jul-95 Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
=========================================================================================================================== ========
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Xxxxxx - AM
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Xxxxxx - PM
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Room Service/Restaurant - Total Wages
11304 Restaurant Manager $7,560 $7,440 $7,320 $7,440 $7,320 $7,560 $97,495
11304 Asst. Restaurant Manager 6,339 6,339 6,134 6,339 6,134 6,339 74,635
11304 Room Service Supervisor 0 0 0 0 0 0 0
11317 Hostess/Cashier 3,472 3,472 3,360 3,472 3,360 3,472 40,980
11319 Food Server - AM 6,419 6,419 6,211 6,419 6,211 6,419 75,572
11319 Food Server - PM 18,600 19,926 19,284 21,255 20,571 21,255 217,227
11321 Dining Room Xxxxxx 0 0 0 0 0 0 0
11344 Room Service Server 4,159 4,159 4,026 4,159 4,026 4,211 48,781
11345 Room Service Operator 0 0 0 0 0 0 0
11321 Xxxxxx - AM 0 0 0 0 0 0 0
11321 Xxxxxx - PM 0 0 0 0 0 0 0
------- ------- ------- ------- ------- ------- --------
Total Room Serv./Rest. Wages $46,549 $47,755 $46,335 $49,084 $47,622 $49,255 $544,591
------- ------- ------- ------- ------- ------- --------
Banquet - Hours per Week
Banquet Manager
Minimum Hours/Week Required 30.00 40.00 38.00 40.00 38.00 38.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 132 177 162 177 162 168 1,952
Maximum monthly hours allowed 350 350 350 350 350 350 0.023
Hourly Wage $13.63 $13.63 $13.63 $13.63 $13.63 $13.63
Asst. Banquet Manager
Minimum Hours/Week Required 67.00 67.00 77.00 71.00 60.00 53.00
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95
====================================================================================================================================
Adequate to covers of -----) 100.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 225 204 274 347 327 304
Maximum monthly hours allowed 500 500 500 500 500 500
Hourly Wage $5.00 $5.15 $5.15 $5.15 $5.15 $5.15
Banquet Supervisor
Minimum Hours/Week Required 38.00 55.00 58.00 58.00 50.00 58.00
Adequate to covers of -----) 100.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 220 256 248 221 248
Maximum monthly hours allowed 500 500 500 500 500 500
Hourly Wage $4.59 $4.59 $4.59 $4.59 $4.59 $4.77
Banquet Server - AM
Minimum Hours/Week Required 120.00 110.00 138.00 146.00 150.00 110.00
Adequate to covers of -----) 100.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 531 440 611 625 664 471
Maximum monthly hours allowed 950 950 950 950 950 950
Hourly Wage $4.46 $4.46 $4.46 $4.46 $4.46 $4.52
Banquet Server - PM
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Banquet Utility 95.00 140.00 160.00 180.00 100.00 165.00
Minimum Hours/Week Required 100.00 xx xx xx xx xx
Adequate to covers of -----) 0.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0 0 0 0 0 0
Incremental Hrs. for the Mon. 420 560 708 771 841 707
Total Hours for the Month 1,500 1,500 1,500 1,500 1,500 1,500
Maximum monthly hours allowed $6.24 $6.26 $6.31 $6.31 $6.31 $6.31
Hourly Wage
Banquet - Total Wages
311305 Banquet Manager $2,290 $1,745 $2,413 $2,208 $2,290 $2,331
311305 Asst. Banquet Manager 1,125 1,051 1,411 1,787 1,684 1,566
311305 Banquet Supervisor 771 1,010 1,175 1,138 1,014 1,183
311323 Banquet Server - AM 2,368 1,962 2,725 2,788 2,961 2,129
311323 Banquet Server - PM 0 0 0 0 0 0
311324 Banquet Utility 2,621 3,506 4,467 4,865 5,307 4,461
----- ----- ----- ----- ----- -----
Total Banquet Wages $9,175 $9,273 $12,191 12,786 $13,256 $11,669
=========================================================================================================================== ========
Data File Annual Jul-95 Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
=========================================================================================================================== ========
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 296 296 330 314 257 234 3,408
Maximum monthly hours allowed 500 500 500 500 500 500 0.041
Hourly Wage $5.15 $5.15 $5.15 $5.15 $5.15 $5.15
Banquet Supervisor
Minimum Hours/Week Required 55.00 55.00 62.00 55.00 50.00 38.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 243 243 265 243 214 168 2,737
Maximum monthly hours allowed 500 500 500 500 500 500 0.033
Hourly Wage $4.77 $4.77 $4.77 $4.77 $4.77 $4.77
Banquet Server - AM
Minimum Hours/Week Required 120.00 122.00 170.00 165.00 140.00 136.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 531 540 728 730 600 602 7,073
Maximum monthly hours allowed 950 950 950 950 950 950 0.085
Hourly Wage $4.52 $4.52 $4.52 $4.52 $4.52 $4.52
Banquet Server - PM
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Banquet Utility 160.00 166.00 300.00 195.00 180.00 140.00
Minimum Hours/Week Required xx xx xx xx xx xx
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover 0 0 0 0 0 0
Incremental Hrs. for the Mon. 708 735 1,285 863 771 620 8,989
Total Hours for the Month 1,500 1,500 1,500 1,500 1,500 1,500 0.108
Maximum monthly hours allowed $6.31 $6.37 $6.37 $6.44 $6.49 $6.49
Hourly Wage
Banquet - Total Wages
11305 Banquet Manager $1,799 $2,413 $2,208 $2,413 $2,208 $2,290 $26,606
11305 Asst. Banquet Manager 1,524 1,524 1,700 1,617 1,324 1,205 17,517
11305 Banquet Supervisor 1,159 1,159 1,264 1,159 1,021 801 12,855
11323 Banquet Server - AM 2,400 2,441 3,349 3,800 2,712 2,721 31,856
11323 Banquet Server - PM 0 0 0 0 0 0 0
11324 Banquet Utility 4,467 4,682 8,185 5,558 5,004 4,024 57,147
----- ----- ----- ----- ----- ----- ------
Total Banquet Wages $11,350 $12,219 $16,706 $14,046 $12,260 $11,041 $145,981
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95
====================================================================================================================================
Kitchen & Stewarding
Executive Chef
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) 0.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
TAVERN CHEF
Minimum Hours/Week Required 38.00 38.00 32.00 38.00 38.00 40.00
Adequate to covers of -----) 9999.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 152 141 162 168 171
Maximum monthly hours allowed 500 500 500 500 500 500
Hourly Wage $15.62 $15.62 $15.62 $15.62 $15.62 $15.62
Sous Chef
Minimum Hours/Week Required 114.00 114.00 112.00 114.00 114.00 112.00
Adequate to covers of -----) 9999.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 504 456 496 488 504 480
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500
Hourly Wage $15.87 $15.87 $15.87 $15.87 $15.87 $15.87
Banquet Chef (based on total banq covers)
Minimum Hours/Week Required 38.00 38.00 32.00 38.00 38.00 40.00
Adequate to covers of -----) 9999.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 152 141 162 168 171
Maximum monthly hours allowed 500 500 500 500 500 500
Hourly Wage $12.42 $12.42 $12.42 $12.42 $12.42 $12.42
Butcher/Xxxxxxx
Minimum Hours/Week Required 38.00 38.00 32.00 38.00 38.00 40.00
Adequate to covers of -----) 9999.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
Incremental Hrs./Cover 0.00 xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 152 141 162 168 171
Maximum monthly hours allowed 350 350 350 350 350 350
Hourly Wage $12.50 $12.50 $12.50 $12.50 $12.50 $12.50
AM Xxxx (based on total AM covers)
Minimum Hours/Week Required 200.00 200.00 200.00 200.00 200.00 200.00
Adequate to covers of -----) 100.00 xx xx xx xx xx
Covers where max needed: 0.00 xx xx xx xx xx
=========================================================================================================================== ========
Data File Annual Jul-95 Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
=========================================================================================================================== ========
Kitchen & Stewarding
Executive Chef
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0 0 0 0 0 0 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
TAVERN CHEF
Minimum Hours/Week Required 38.00 40.00 38.00 32.00 38.00 38.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 177 162 141 162 168 1,940
Maximum monthly hours allowed 500 500 500 500 500 500 0.023
Hourly Wage $15.62 $15.62 $15.62 $15.62 $15.62 $15.62
Sous Chef
Minimum Hours/Week Required 114.00 104.00 114.00 104.00 114.00 114.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 504 460 488 460 488 504 5,832
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500 0.070
Hourly Wage $15.87 $15.87 $15.87 $15.87 $15.87 $15.87
Banquet Chef (based on total banq covers)
Minimum Hours/Week Required 38.00 32.00 38.00 40.00 38.00 38.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 141 162 177 162 168 1,940
Maximum monthly hours allowed 500 500 500 500 500 500 0.023
Hourly Wage $12.42 $12.42 $12.42 $12.42 $12.42 $12.42
Butcher/Xxxxxxx
Minimum Hours/Week Required 38.00 32.00 38.00 40.00 38.00 38.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 141 162 177 162 168 1,940
Maximum monthly hours allowed 350 350 350 350 350 350 0.023
Hourly Wage $12.50 $12.50 $12.50 $12.50 $12.50 $12.50
AM Xxxx (based on total AM covers)
Minimum Hours/Week Required 200.00 200.00 200.00 200.00 200.00 200.00
Adequate to covers of -----) xx xx xx xx xx xx
Covers where max needed: xx xx xx xx xx xx
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95
====================================================================================================================================
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 885 800 885 857 885 857
Maximum monthly hours allowed 3,000 3,000 3,000 3,000 3,000 3,000
Hourly Wage $9.00 $9.00 $9.00 $9.00 $9.00 $9.00
PM Xxxx (based on total PM covers)
Minimum Hours/Week Required 700.00 700.00 700.00 700.00 700.00 700.00
Adequate to covers of -----) 100.xx xx xx xx xx xx
Covers where max needed: 0.xx xx xx xx xx xx
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 3,100 2,800 3,100 3,000 3,100 3,000
Maximum monthly hours allowed 4,500 4,500 4,500 4,500 4,500 4,500
Hourly Wage $9.00 $9.00 $9.00 $9.00 $9.00 $9.00
PASTRY
Minimum Hours/Week Required 196.00 196.00 192.00 196.00 196.00 186.00
Adequate to covers of -----) 100.xx xx xx xx xx xx
Covers where max needed: 0.xx xx xx xx xx xx
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 868 784 850 840 868 797
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500
Hourly Wage $11.66 $11.66 $11.66 $11.66 $11.66 $11.66
Kitchen Utility
Minimum Hours/Week Required 224.00 224.00 224.00 224.00 224.00 224.00
Adequate to covers of -----) 100.xx xx xx xx xx xx
Covers where max needed: 0.xx xx xx xx xx xx
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 992 896 992 960 992 960
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500
Hourly Wage $6.25 $6.25 $6.25 $6.25 $6.25 $6.25
Night Utility
Minimum Hours/Week Required 224.00 224.00 224.00 224.00 224.00 224.00
Adequate to covers of -----) 100.xx xx xx xx xx xx
Covers where max needed: 0.xx xx xx xx xx xx
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 992 896 992 960 992 960
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500
Hourly Wage $6.25 $6.25 $6.25 $6.25 $6.25 $6.25
Receiver/Clerk
Minimum Hours/Week Required 40.00 40.00 40.00 40.00 40.00 40.00
Adequate to covers of -----) 100.xx xx xx xx xx xx
Covers where max needed: 0.xx xx xx xx xx xx
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 177 160 177 171 177 171
Maximum monthly hours allowed 350 350 350 350 350 350
Hourly Wage $8.32 $8.32 $8.32 $8.32 $8.32 $8.32
Stewarding Manager
=========================================================================================================================== ========
Data File Annual Jul-95 Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
=========================================================================================================================== ========
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 885 885 857 885 857 885 10,423
Maximum monthly hours allowed 3,000 3,000 3,000 3,000 3,000 3,000 0.125
Hourly Wage $9.00 $9.00 $9.00 $9.00 $9.00 $9.00
PM Xxxx (based on total PM covers)
Minimum Hours/Week Required 700.00 700.00 700.00 700.00 700.00 700.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 3,100 3,100 3,000 3,100 3,000 3,100 36,500
Maximum monthly hours allowed 4,500 4,500 4,500 4,500 4,500 4,500 0.439
Hourly Wage $9.00 $9.00 $9.00 $9.00 $9.00 $9.00
PASTRY
Minimum Hours/Week Required 196.00 192.00 196.00 192.00 196.00 196.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 868 850 840 850 840 868 10,123
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500 0.122
Hourly Wage $11.66 $11.66 $11.66 $11.66 $11.66 $11.66
Kitchen Utility
Minimum Hours/Week Required 224.00 224.00 224.00 224.00 224.00 224.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 992 992 960 992 960 992 11,680
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500 0.140
Hourly Wage $6.25 $6.25 $6.25 $6.25 $6.25 $6.25
Night Utility
Minimum Hours/Week Required 224.00 224.00 224.00 224.00 224.00 224.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 992 992 960 992 960 992 11,680
Maximum monthly hours allowed 1,500 1,500 1,500 1,500 1,500 1,500 0.140
Hourly Wage $6.25 $6.25 $6.25 $6.25 $6.25 $6.25
Receiver/Clerk
Minimum Hours/Week Required 40.00 40.00 40.00 40.00 40.00 40.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 177 177 171 177 171 177 2,083
Maximum monthly hours allowed 350 350 350 350 350 350 [ILLEGIBLE]
Hourly Wage $8.32 $8.32 $8.32 $8.32 $8.32 $8.32
Stewarding Manager
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95
====================================================================================================================================
Minimum Hours/Week Required 38.00 38.00 32.00 38.00 38.00 40.00
Adequate to covers of -----) 99999.xx xx xx xx xx xx
Covers where max needed: 0.xx xx xx xx xx xx
Incremental Hrs./Cover 0.xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 152 141 162 168 171
Maximum monthly hours allowed 350 350 350 350 350 350
Hourly Wage $11.20 $11.20 $11.20 $11.20 $11.20 $11.20
Kitchen and Stewarding - Total Wages
311302 Executive Chef $0 $0 $0 $0 $0 $0
311318 Kitchen Manager 2,624 2,374 2,202 2,530 2,624 2,671
311318 Sous Chef 7,998 7,237 7,872 7,745 7,998 7,618
311318 Banquet Chef 2,087 1,888 1,751 2,012 2,087 2,124
311318 Butcher/Xxxxxxx 2,100 1,900 1,763 2,025 2,100 2,138
311318 AM Xxxx 7,965 7,200 7,965 7,713 7,965 7,713
311318 PM Xxxx 27,900 25,200 27,900 27,000 27,900 27,000
311326 Pantry 10,121 9,141 9,911 9,794 10,121 9,293
311318 Kitchen Utility 6,200 5,600 6,200 6,000 6,200 6,000
311318 Night Utility 6,200 5,600 6,200 6,000 6,200 6,000
311308 Receiver/Clerk 1,473 1,331 1,473 1,423 1,473 1,423
311308 Stewarding Manager 1,882 1,702 1,579 1,814 1,882 1,915
------- -------- -------- ------ -------- --------
Total Kitchen & Steward Wages $76,549 $69,174 $74,816 $74,057 $76,549 $73,894
------- -------- -------- ------ -------- --------
F&B Management - Hours per Week
Food & Beverage Director 0 0 0 0 0 0
Asst. Food & Xxx. Director 38 38 40 38 38 32
F&B Secretary 38 38 40 38 38 32
F&B Management - Hours per Month
Food & Beverage Director 0 0 0 0 0 0
Asst. Food & Xxx. Director 168 152 177 162 168 137
F&B Secretary 168 152 177 162 168 137
Total F&B Management - Hrs/Mo. 336 304 354 324 336 274
F&B Management - Wages per Hour
Food & Beverage Director 0.00 0.00 0.00 0.00 0.00 0.00
Asst. Food & Xxx. Director 19.23 19.23 19.23 19.23 19.23 19.23
F&B Secretary 10.00 10.00 10.00 10.00 10.00 10.00
F&B Management - Total Wages
311301 Food & Beverage Director $0 $0 $0 $0 $0 $0
311301 Asst. Food & Xxx. Director 3,230 2,922 3,403 3,115 3,230 2,634
311301 F&B Secretary 1,680 1,520 1,770 1,620 1,680 1,370
------- -------- -------- ------ -------- --------
Total F&B Management Wages $4,910 $4,442 $5,173 $4,735 $4,910 $4,004
------- -------- -------- ------ -------- --------
Total Food Salary & Wages 133,757 $121,854 $134,168 35,341 $139,936 $134,498
======= ======== ======== ====== ======== ========
Bonuses 0 0 0 0 0 0
---------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
Food Department -Expenses:
311415 Banquet Expense 0 746 705 867 1,009 1,285
=========================================================================================================================== ========
Data File Annual Jul-95 Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
=========================================================================================================================== ========
Minimum Hours/Week Required 38.00 32.00 38.00 40.00 38.00 38.00
Adequate to covers of -----) xx xx xx xx xx
Covers where max needed: xx xx xx xx xx
Incremental Hrs./Cover xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0
Total Hours for the Month 168 141 162 177 162 168 1,940
Maximum monthly hours allowed 350 350 350 350 350 350 0.023
Hourly Wage $11.20 $11.20 $11.20 $11.20 $11.20 $11.20
Kitchen and Stewarding - Total Wages
11302 Executive Chef $0 $0 $0 $0 $0 $0
11318 Kitchen Manager 2,624 2,765 2,530 2,202 2,530 2,624 30,303
11318 Sous Chef 7,998 7,300 7,745 7,300 7,745 7,998 92,554
11318 Banquet Chef 2,087 1,751 2,012 2,198 2,012 2,087 24,095
11318 Butcher/Xxxxxxx 2,100 1,763 2,025 2,213 2,025 2,100 24,250
11318 AM Xxxx 7,965 7,965 7,713 7,965 7,713 7,965 93,807
11318 PM Xxxx 27,900 27,900 27,000 27,900 27,000 27,900 328,500
11326 Pantry 10,121 9,911 9,794 9,911 9,794 10,121 118,034
11318 Kitchen Utility 6,200 6,200 6,000 6,200 6,000 6,200 73,000
11318 Night Utility 6,200 6,200 6,000 6,200 6,000 6,200 73,000
11308 Receiver/Clerk 1,473 1,473 1,423 1,473 1,423 1,473 17,331
11308 Stewarding Manager 1,882 1,579 1,814 1,982 1,814 1,882 21,728
-------- -------- ------- -------- -------- -------- ----------
Total Kitchen & Steward Wages $76,549 $74,807 $74,057 $75,545 $74,057 $76,549 $896,601
-------- -------- ------- -------- -------- -------- ----------
F&B Management - Hours per Week
Food & Beverage Director 0 0 0 0 0 0
Asst. Food & Xxx. Director 38 32 38 40 38 32
F&B Secretary 38 32 38 40 38 32
F&B Management - Hours per Month
Food & Beverage Director 0 0 0 0 0 0 0
Asst. Food & Xxx. Director 168 141 162 177 162 141 1,915
F&B Secretary 168 141 162 177 162 141 1,915
Total F&B Management - Hrs/Mo. 336 282 324 354 324 282 3,830
F&B Management - Wages per Hour
Food & Beverage Director 0.00 0.00 0.00 0.00 0.00 0.00
Asst. Food & Xxx. Director 19.23 19.23 19.23 19.23 19.23 19.23
F&B Secretary 10.00 10.00 10.00 10.00 10.00 10.00
F&B Management - Total Wages
11301 Food & Beverage Director $0 $0 $0 $0 $0 $0 $0
11301 Asst. Food & Xxx. Director 3,230 2,711 3,115 3,403 3,115 2,711 36,819
11301 F&B Secretary 1,680 1,410 1,620 1,770 1,620 1,410 19,150
-------- -------- ------- -------- -------- -------- ----------
Total F&B Management Wages $4,910 $4,121 $4,735 $5,173 $4,735 $4,121 $55,969
-------- -------- ------- -------- -------- -------- ----------
Total Food Salary & Wages $139,359 $138,901 141,832 $143,848 $138,682 $140,967 $1,643,142
======== ======== ======= ======== ======== ======== ==========
Bonuses 0 0 0 0 0 0
------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
Food Department -Expenses:
11415 Banquet Expense 1,194 1,276 1,226 1,369 1,621 1,328 1,220
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95
====================================================================================================================================
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311425 MGMT INCENTIVE 0 0 0 40,250 0
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
000000 Xxxxx 0 0 0 0 0
% of Food Sales NA 0.40% 0.40% 0.40% 0.40%
$/Cover NA 0.00 0.00 0.00 0.00
311436 Contract Services 0 0 0 0 0
% of Food Sales NA 0.30% 0.30% 0.30% 0.30%
$/Cover NA 0.00 0.00 0.00 0.00
311444 Decorations 0 497 470 578 673
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311465 ADVERTISING EXPENSE 0 0 0 0 0
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311478 Glassware 0 0 0 0 0
% of Food Sales NA 0.20% 0.20% 0.20% 0.20%
$/Cover NA 0.00 0.00 0.00 0.00
311489 CHARGE BACK EXPENSE ####### 0 0 0 0
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311493 Kitchen Fuel 0 497 470 578 673
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311506 Licenses & Inspection 0 746 705 867 1,009
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311508 Linen 0 746 705 867 1,009
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311518 Menus & Xxx List 0 497 470 578 673
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311520 BASE MGMT FEE 0 0 0 0 0
% of Food Sales NA 1.50% 1.50% 1.50% 1.50%
$/Cover NA 0.00 0.00 0.00 0.00
311522 Music & Entertainment 0 497 470 578 673
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311528 Paper & Plastics 0 0 0 0 0
% of Food Sales NA 0.10% 0.10% 0.10% 0.10%
====================================================================================================================================
Data File May-95 Jun-95 Jul-95 Aug-95 Sep-95
====================================================================================================================================
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311425 MGMT INCENTIVE 0 40,250 0 0 40,250
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
000000 Xxxxx 0 0 0 0 0
% of Food Sales 0.40% 0.40% 0.40% 0.40% 0.40%
$/Cover 0.00 0.00 0.00 0.00 0.00
311436 Contract Services 0 0 0 0 0
% of Food Sales 0.30% 0.30% 0.30% 0.30% 0.30%
$/Cover 0.00 0.00 0.00 0.00 0.00
311444 Decorations 857 796 851 817 913
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311465 ADVERTISING EXPENSE 0 0 0 0 0
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311478 Glassware 0 0 0 0 0
% of Food Sales 0.20% 0.20% 0.20% 0.20% 0.20%
$/Cover 0.00 0.00 0.00 0.00 0.00
311489 CHARGE BACK EXPENSE 0 0 0 0 0
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311493 Kitchen Fuel 857 796 851 817 913
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311506 Licenses & Inspection 1,285 1,194 1,276 1,226 1,369
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311508 Linen 1,295 1,194 1,276 1,226 1,369
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311518 Menus & Xxx List 857 796 851 817 913
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311520 BASE MGMT FEE 0 0 0 0 0
% of Food Sales 1.50% 1.50% 1.50% 1.50% 1.50%
$/Cover 0.00 0.00 0.00 0.00 0.00
311522 Music & Entertainment 857 796 851 817 913
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311528 Paper & Plastics 0 0 0 0 0
% of Food Sales 0.10% 0.10% 0.10% 0.10% 0.10%
================================================================================================ ==============
Data File Oct-95 Nov-95 Dec-95 Totals
================================================================================================ ==============
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311425 MGMT INCENTIVE 0 0 40,250
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
000000 Xxxxx 0 0 0
% of Food Sales 0.40% 0.40% 0.40%
$/Cover 0.00 0.00 0.00
311436 Contract Services 0 0 0
% of Food Sales 0.30% 0.30% 0.30%
$/Cover 0.00 0.00 0.00
311444 Decorations 1,080 892 813
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311465 ADVERTISING EXPENSE 0 0 0
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311478 Glassware 0 0 0
% of Food Sales 0.20% 0.20% 0.20%
$/Cover 0.00 0.00 0.00
311489 CHARGE BACK EXPENSE 0 0 0
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311493 Kitchen Fuel 1,080 892 813
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311506 Licenses & Inspection 1,621 1,338 1,220
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311508 Linen 1,621 1,338 1,220
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311518 Menus & Xxx List 1,080 892 813
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311520 BASE MGMT FEE 0 0 0
% of Food Sales 1.50% 1.50% 1.50%
$/Cover 0.00 0.00 0.00
311522 Music & Entertainment 1,080 892 813
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311528 Paper & Plastics 0 0 0
% of Food Sales 0.10% 0.10% 0.10%
====================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95
====================================================================================================================================
$/Cover NA 0.00 0.00 0.00 0.00
311546 Promotional Beverage 0 2,000 2,000 2,500 3,000
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311547 Promotional Food 0 4,000 4,000 5,000 6,000
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311562 Silverware 0 0 0 0 0
% of Food Sales NA 0.20% 0.20% 0.20% 0.20%
$/Cover NA 0.00 0.00 0.00 0.00
311567 Operating Supplies 0 0 0 0 0
% of Food Sales NA 1.20% 1.20% 1.20% 1.20%
$/Cover NA 0.00 0.00 0.00 0.00
311574 Telephone 0 497 470 578 673
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311592 Uniforms 0 1,742 1,646 2,025 2,356
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
311594 Utensils 0 248 235 289 336
% of Food Sales NA 0.00% 0.00% 0.00% 0.00%
$/Cover NA 0.00 0.00 0.00 0.00
====================================================================================================================================
Data File May-95 Jun-95 Jul-95 Aug-95 Sep-95
====================================================================================================================================
$/Cover 0.00 0.00 0.00 0.00 0.00
311546 Promotional Beverage 3,000 4,000 4,000 4,000 4,000
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311547 Promotional Food 6,000 8,000 8,000 8,000 8,000
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311562 Silverware 0 0 0 0 0
% of Food Sales 0.20% 0.20% 0.20% 0.20% 0.20%
$/Cover 0.00 0.00 0.00 0.00 0.00
311567 Operating Supplies 0 0 0 0 0
% of Food Sales 1.20% 1.20% 1.20% 1.20% 1.20%
$/Cover 0.00 0.00 0.00 0.00 0.00
311574 Telephone 857 796 851 817 913
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311592 Uniforms 3,000 2,788 2,978 2,862 3,196
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
311594 Utensils 428 398 425 408 456
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00 0.00 0.00
================================================================================================ ==============
Data File Oct-95 Nov-95 Dec-95 Totals
================================================================================================ ==============
$/Cover 0.00 0.00 0.00
311546 Promotional Beverage 4,000 4,000 4,000
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311547 Promotional Food 8,000 8,000 8,000
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311562 Silverware 0 0 0
% of Food Sales 0.20% 0.20% 0.20%
$/Cover 0.00 0.00 0.00
311567 Operating Supplies 0 0 0
% of Food Sales 1.20% 1.20% 1.20%
$/Cover 0.00 0.00 0.00
311574 Telephone 1,080 892 813
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311592 Uniforms 3,782 3,123 2,848
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
311594 Utensils 540 446 447
% of Food Sales 0.00% 0.00% 0.00%
$/Cover 0.00 0.00 0.00
GUEST QUARTERS CHICAGO
Beverage Department Jan-95 Feb-95 Mar-95 Apr-95 May-95
====================================================================================
321079 Room Service 1,087 8,235 3,701 4,940 4,734
000000 XXXX XXXXXX CAFE 11,700 23,400 23,400 98,755 104,155
321023 XXX. XXXXX TAVERN 35,750 53,022 56,022 67,225 74,222
321023 Xxx. Outlet #3 13,961 12,199 11,922 12,806 17,001
321023 Xxx. Outlet #4 0 0 0 0 0
321023 Xxx. Outlet #5 0 0 0 0 0
321023 Xxx. Outlet #6 0 0 0 0 0
321023 Xxx. Outlet #7 0 0 0 0 0
321023 Xxx. Outlet #8 0 0 0 0 0
321023 Xxx. Outlet #9 0 0 0 0 0
321023 Manager's Reception 0 0 0 0 0
--------- ----------------- ------------ ------------ ------------
Total Regular Xxx. Rev. 62,398 96,856 95,045 183,726 200,112
321006 Banquet 12,353 8,159 27,232 14,155 30,558
--------- ----------------- ------------ ------------ ------------
Total Beverage Revenue 74,751 105,015 122,277 197,881 230,670
--------- ----------------- ------------ ------------ ------------
321130 Cost of Beverage 15,697 22,053 25,678 41,555 48,440
--------- ----------------- ------------ ------------ ------------
Total Gross Profit 59,054 82,962 96,599 156,326 182,230
--------- ----------------- ------------ ------------ ------------
Expenses
Salaries & Wages 13,688 12,506 13,909 13,489 14,772
321396 Benefits 4,315 5,364 5,348 5,162 6,208
321355 Bonuses 0 0 0 0 0
--------- ----------------- ------------ ------------ ------------
Salaries, Benefits & Bonuses 18,002 17,869 19,257 18,651 20,979
--------- ----------------- ------------ ------------ ------------
Other Expenses 0 0 0 0 0
321415 Banquet Expense 0 0 0 0 0
321471 Bar Expense 0 0 0 0 0
321425 Contracted Labor 0 0 0 0 0
321428 Glassware 299 420 489 791 922
321436 Contracted Services 50 50 50 50 50
321444 Decorations 74 105 122 197 230
321465 Equipment Rentals 0 0 0 0 0
321489 Ice 0 0 0 0 0
321493 Kitchen Fuel 0 0 0 0 0
321501 Laundry Allocation 0 0 0 0 0
321502 Jazz Club Allocation 0 0 0 0 0
321506 Licenses & Inspections 1,420 1,995 2,323 3,759 4,382
321508 Linen 0 0 0 0 0
321518 Menus & Beverage List 74 105 122 197 230
321520 BASE MGMT FEE 1,121 1,575 1,834 2,968 3,460
321522 Music & Entertainment 0 0 0 0 0
321528 Paper & Plastics 0 0 0 0 0
321546 Promotional Beverage 0 0 0 0 0
321547 Promotional Food 0 0 0 0 0
321549 Purchasing 0 0 0 0 0
321557 Security Allocation 0 0 0 0 0
321567 Operating Supplies 598 840 978 1,583 1,845
321574 Telephone 0 0 0 0 0
321592 Uniforms 74 105 122 197 230
321594 Utensils 0 0 0 0 0
--------- ----------------- ------------ ------------ ------------
Total Other Expenses 3,710 5,195 6,040 9,742 11,349
--------- ----------------- ------------ ------------ ------------
GUEST QUARTERS CHICAGO
Beverage Department May-95 Jun-95 Jul-95 Aug-95 Sep-95
============================================================================
321079 Room Service 4,734 6,416 7,995 4,747 8,633
000000 XXXX XXXXXX CAFE 104,155 109,555 109,555 109,555 109,555
321023 XXX. XXXXX TAVERN 74,222 80,402 80,397 75,272 79,397
321023 Xxx. Outlet #3 17,001 17,831 15,366 32,212 15,334
321023 Xxx. Outlet #4 0 0 0 0 0
321023 Xxx. Outlet #5 0 0 0 0 0
321023 Xxx. Outlet #6 0 0 0 0 0
321023 Xxx. Outlet #7 0 0 0 0 0
321023 Xxx. Outlet #8 0 0 0 0 0
321023 Xxx. Outlet #9 0 0 0 0 0
321023 Manager's Reception 0 0 0 0 0
---------- ----------- ------------ ------------ ------------
Total Regular Xxx. Rev. 200,112 214,204 213,313 221,786 211,919
321006 Banquet 30,558 19,449 13,655 15,541 26,279
---------- ----------- ------------ ------------ ------------
Total Beverage Revenue 230,670 233,653 226,968 237,327 238,198
---------- ----------- ------------ ------------ ------------
321130 Cost of Beverage 48,440 49,067 47,663 49,838 50,021
---------- ----------- ------------ ------------ ------------
Total Gross Profit 182,230 184,586 179,305 187,489 188,177
---------- ----------- ------------ ------------ ------------
Expenses
Salaries & Wages 14,772 13,403 13,702 14,110 13,652
321396 Benefits 6,208 5,022 5,581 5,134 5,519
321355 Bonuses 0 0 0 0 0
---------- ----------- ------------ ------------ ------------
Salaries, Benefits & Bonuses 20,979 18,424 19,282 19,243 19,171
---------- ----------- ------------ ------------ ------------
Other Expenses 0 0 0 0 0
321415 Banquet Expense 0 0 0 0 0
321471 Bar Expense 0 0 0 0 0
321425 Contracted Labor 0 0 0 0 0
321428 Glassware 922 934 907 949 952
321436 Contracted Services 50 50 50 50 50
321444 Decorations 230 233 226 237 238
321465 Equipment Rentals 0 0 0 0 0
321489 Ice 0 0 0 0 0
321493 Kitchen Fuel 0 0 0 0 0
321501 Laundry Allocation 0 0 0 0 0
321502 Jazz Club Allocation 0 0 0 0 0
321506 Licenses & Inspections 4,382 4,439 4,312 4,509 4,525
321508 Linen 0 0 0 0 0
321518 Menus & Beverage List 230 233 226 237 238
321520 BASE MGMT FEE 3,460 3,504 3,404 3,559 3,572
321522 Music & Entertainment 0 0 0 0 0
321528 Paper & Plastics 0 0 0 0 0
321546 Promotional Beverage 0 0 0 0 0
321547 Promotional Food 0 0 0 0 0
321549 Purchasing 0 0 0 0 0
321557 Security Allocation 0 0 0 0 0
321567 Operating Supplies 1,845 1,869 1,815 1,898 1,905
321574 Telephone 0 0 0 0 0
321592 Uniforms 230 233 226 237 238
321594 Utensils 0 0 0 0 0
---------- ----------- ------------ ------------ ------------
Total Other Expenses 11,349 11,495 11,166 11,676 11,718
---------- ----------- ------------ ------------ ------------
GUEST QUARTERS CHICAGO
Beverage Department Oct-95 Nov-95 Dec-95 Totals %
================================================ ================================
321079 Room Service 11,736 5,950 12,929 $81,103 3.4%
000000 XXXX XXXXXX CAFE 109,555 109,555 109,555 1,028,295 43.0%
321023 XXX. XXXXX TAVERN 79,397 77,272 77,272 829,650 34.7%
321023 Xxx. Outlet #3 18,917 18,353 12,601 198,403 8.3%
321023 Xxx. Outlet #4 0 0 0 0 0.0%
321023 Xxx. Outlet #5 0 0 0 0 0.0%
321023 Xxx. Outlet #6 0 0 0 0 0.0%
321023 Xxx. Outlet #7 0 0 0 0 0.0%
321023 Xxx. Outlet #8 0 0 0 0 0.0%
321023 Xxx. Outlet #9 0 0 0 0 0.0%
321023 Manager's Reception 0 0 0 0 0.0%
---------- ------------ ------------ ------------- -------
Total Regular Xxx. Rev. 219,605 211,130 207,357 2,137,451 89.3%
321006 Banquet 26,197 26,251 35,492 255,321 10.7%
---------- ------------ ------------ ------------- -------
Total Beverage Revenue 245,802 237,381 242,849 $2,392,772 100.0%
---------- ------------ ------------ ------------- -------
321130 Cost of Beverage 51,618 49,850 50,998 502,478 21.0%
---------- ------------ ------------ ------------- -------
Total Gross Profit 194,184 187,531 191,851 $1,890,294 79.0%
---------- ------------ ------------ ------------- -------
Expenses
Salaries & Wages 14,108 13,570 14,484 $165,393 6.9%
321396 Benefits 5,072 5,394 5,715 $63,833 2.7%
321355 Bonuses 0 0 0 0 0.0%
---------- ------------ ------------ ------------- -------
Salaries, Benefits & Bonuses 19,180 18,963 20,199 $229,220 9.6%
---------- ------------ ------------ ------------- -------
Other Expenses 0 0 0 $0 0.0%
321415 Banquet Expense 0 0 0 0 0.0%
321471 Bar Expense 0 0 0 0 0.0%
321425 Contracted Labor 0 0 0 0 0.0%
321428 Glassware 983 949 971 9,566 0.4%
321436 Contracted Services 50 50 50 600 0.0%
321444 Decorations 245 237 242 2,386 0.1%
321465 Equipment Rentals 0 0 0 0 0.0%
321489 Ice 0 0 0 0 0.0%
321493 Kitchen Fuel 0 0 0 0 0.0%
321501 Laundry Allocation 0 0 0 0 0.0%
321502 Jazz Club Allocation 0 0 0 0 0.0%
321506 Licenses & Inspections 4,670 4,510 4,614 45,458 1.9%
321508 Linen 0 0 0 0 0.0%
321518 Menus & Beverage List 245 237 242 2,386 0.1%
321520 BASE MGMT FEE 3,687 3,560 3,642 35,886 1.5%
321522 Music & Entertainment 0 0 0 0 0.0%
321528 Paper & Plastics 0 0 0 0 0.0%
321546 Promotional Beverage 0 0 0 0 0.0%
321547 Promotional Food 0 0 0 0 0.0%
321549 Purchasing 0 0 0 0 0.0%
321557 Security Allocation 0 0 0 0 0.0%
321567 Operating Supplies 1,966 1,899 1,942 19,138 0.0%
321574 Telephone 0 0 0 0 0.0%
321592 Uniforms 245 237 242 2,386 0.1%
321594 Utensils 0 0 0 0 0.0%
---------- ------------ ------------ ------------- -------
Total Other Expenses 12,001 11,670 11,945 $117,906 4.9%
---------- ------------ ------------ ------------- -------
GUEST QUARTERS CHICAGO
Beverage Department Jan-95 Feb-95 Mar-95 Apr-95 May-95
(continued) ===============================================================================
Total Expenses 21,712 23,064 25,297 28,393 32,328
---------- ---------------- ------------ -------------- -----------
Beverage Department Profit 37,342 59,898 71,302 127,933 149,902
========== ================ ============ ============== ===========
GUEST QUARTERS CHICAGO
Beverage Department May-95 Jun-95 Jul-95 Aug-95 Sep-95
(continued) ===========================================================================
Total Expenses 32,328 29,919 30,448 30,919 30,889
----------- ------------ ------------ ------------ ------------
Beverage Department Profit 149,902 154,667 148,857 156,570 157,288
=========== ============ ============ ============ ============
GUEST QUARTERS CHICAGO
Beverage Department Oct-95 Nov-95 Dec-95 Totals %
(continued) ========================================== ========================
Total Expenses 31,271 30,642 32,144 $347,026 14.5%
--------- ------------ ------------ ------------- -------
Beverage Department Profit 162,913 156,889 159,707 $1,543,268 64.5%
========= ============ ============ ============= =======
==============================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95
==============================================================================================================================
Beverage Department - Revenues:
Room Sv. Xxx. % of FS NA 2.80% 13.60% 5.70% 10.00% 8.00% 11.70% 13.20%
Room Sv. Xxx. $ 0 365 2,864 1,192 1,571 1,525 2,060 2,625
Room Sv. Xxx. $/oc. Room NA 0.07 0.54 0.20 0.26 0.20 0.29 0.34
PARK AVENUE CAFE
% of Food Sales NA 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
$ 0 0 0 0 55,555 55,555 55,555 55,555
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
XXX. XXXXX TAVERN
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 35,750 53,022 56,022 67,225 74,222 80,402 80,397
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
MINI BAR
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0
$/Occupied Room NA 2.66 2.30 2.00 2.12 2.23 2.51 1.99
Xxx. Outlet #4
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0 0 0 0
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #5
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0 0 0 0
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #6
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0 0 0 0
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #7
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0 0 0 0
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #8
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0 0 0 0
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #9
% of Food Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0 0 0 0
$/Occupied Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Mgr. Rec. $/occ. Room NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Banquet Xxx. % of BFS NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Banquet Xxx. $ 0 12,353 8,160 27,233 14,156 30,558 19,449 13,655
BEVERAGE COST % of BS NA 21.00% 21.00% 21.00% 21.00% 21.00% 21.00% 21.00%
================================================================================================== ===========
Data File Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
================================================================================================== ===========
Beverage Department - Revenues:
Room Sv. Xxx. % of FS 8.00% 14.60% 16.10% 9.70% 27.90%
Room Sv. Xxx. $ 1,422 2,818 3,960 2,021 4,238
Room Sv. Xxx. $/oc. Room 0.20 0.34 0.45 0.24 0.75
PARK AVENUE CAFE
% of Food Sales 30.00% 30.00% 30.00% 30.00% 30.00%
$ 55,555 55,555 55,555 55,555 55,555
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
XXX. XXXXX TAVERN
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 75,272 78,397 79,397 77,272 72,272
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
MINI BAR
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$
$/Occupied Room 4.53 1.85 2.15 2.18 2.23
Xxx. Outlet #4
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #5
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #6
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #7
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #8
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
Xxx. Outlet #9
% of Food Sales 0.00% 0.00% 0.00% 0.00% 0.00%
$ 0 0 0 0 0
$/Occupied Room 0.00 0.00 0.00 0.00 0.00
Mgr. Rec. $/occ. Room 0.00 0.00 0.00 0.00 0.00
Banquet Xxx. % of BFS 0.00% 0.00% 0.00% 0.00% 0.00%
Banquet Xxx. $ 15,541 26,279 26,197 26,251 35,492
BEVERAGE COST % of BS 21.00% 21.00% 21.00% 21.00% 21.00%
==============================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95
==============================================================================================================================
Beverage Department - Payroll
Food & Beverage Director
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) 0.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00% xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Beverage Manager/Supervisor
Minimum Hours/Week Required 38.00 38.00 40.00 38.00 38.00 40.00 32.00
Adequate to an occ% of ----) 100.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 168 152 177 162 168 171 141
Maximum monthly hours allowed 350.00 350.00 350.00 350.00 350.00 350.00 350.00
Hourly Wage $9.00 $9.00 $9.00 $9.00 $9.00 $9.00 $9.00
Bartender
Minimum Hours/Week Required 240.00 240.00 240.00 240.00 240.00 240.00 240.00
Adequate to an occ% of ----) 100.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 1,062 960 1,062 1,028 1,062 1,028 1,062
Maximum monthly hours allowed 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00
Hourly Wage $6.25 $6.25 $6.25 $6.25 $6.25 $6.25 $6.25
Mgr Reception Bartender
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) 0.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Service Bartender
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) 0.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cocktail Servers
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) 0.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
================================================================================================== ===========
Data File Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
================================================================================================== ===========
Beverage Department - Payroll
Food & Beverage Director
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.00
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00
Beverage Manager/Supervisor
Minimum Hours/Week Required 40.00 32.00 40.00 38.00 38.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 177 137 177 162 168 1,960
Maximum monthly hours allowed 350.00 350.00 350.00 350.00 350.00 0.024
Hourly Wage $9.00 $9.00 $9.00 $9.00 $9.00
Bartender
Minimum Hours/Week Required 240.00 240.00 240.00 240.00 240.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 1,062 1,028 1,062 1,028 1,062 12,506
Maximum monthly hours allowed 1500.00 1500.00 1500.00 1500.00 1500.00 0.150
Hourly Wage $6.25 $6.25 $6.25 $6.25 $6.25
Mgr Reception Bartender
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00
Service Bartender
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.000
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00
Cocktail Servers
Minimum Hours/Week Required 0.00 0.00 0.00 0.00 0.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
==============================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95
==============================================================================================================================
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Bar Utility
Minimum Hours/Week Required 40.00 40.00 40.00 40.00 40.00 40.00 40.00
Adequate to an occ% of ----) 100.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 177 160 177 171 177 171 177
Maximum monthly hours allowed 350.00 350.00 350.00 350.00 350.00 350.00 350.00
Hourly Wage $6.00 $6.00 $6.00 $6.00 $6.00 $6.00 $6.00
Banquet Bartender
Minimum Hours/Week Required 19.00 22.00 22.00 26.00 55.00 20.00 26.00
Adequate to an occ% of ----) 100.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 84 88 97 111 243 85 115
Maximum monthly hours allowed 350.00 350.00 350.00 350.00 350.00 350.00 350.00
Hourly Wage $6.46 $6.46 $6.46 $6.46 $6.46 $6.46 $6.46
Honor Bar Attendant
Minimum Hours/Week Required 128.00 128.00 128.00 128.00 128.00 128.00 128.00
Adequate to an occ% of ----) 100.00% xx xx xx xx xx xx
Occupancy where max needed: 0.00% xx xx xx xx xx xx
Incremental Hrs. /Occ. Room 0.00 xx xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0 0 0
Total Hours for the Month 566 512 566 548 566 548 566
Maximum monthly hours allowed 800.00 800.00 800.00 800.00 800.00 800.00 800.00
Hourly Wage $6.95 $7.05 $7.05 $7.05 $7.05 $7.05 $7.05
Beverage - Total Hours 2,057 1,872 2,079 2,020 2,216 2,003 2,061
Beverage - Total Wages:
321301 Food & Beverage Director $0 $0 $0 $0 $0 $0 $0
321302 Beverage Manager/Super 1,512 1,368 1,593 1,458 1,512 1,539 1,269
321319 Bartender 6,638 6,000 6,638 6,425 6,638 6,425 6,638
321319 Mgr Reception Bartender 0 0 0 0 0 0 0
321319 Service Bartender 0 0 0 0 0 0 0
321334 Cocktail Servers 0 0 0 0 0 0 0
321319 Bar Utility 1,062 960 1,062 1,026 1,062 1,026 1,062
321304 Banquet Bartender 543 568 627 717 1,570 549 743
321345 Honor Bar Attendant 3,934 3,610 3,990 3,863 3,990 3,863 3,990
------- ------- ------- ------- ------- ------- -------
Total Beverage Wages $13,688 $12,506 $13,909 $13,489 $14,772 $13,403 $13,702
======= ======= ======= ======= ======= ======= =======
---------------------------------------------------------------------------------------------------------------------
Bonuses $ 0 0 0 0 0 0 0
---------------------------------------------------------------------------------------------------------------------
Beverage Dept. - Other Expenses
321415 Banquet Expense 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
==================================================================================================== ===========
Data File Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
==================================================================================================== ===========
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 0 0 0 0 0 0
Maximum monthly hours allowed 0.00 0.00 0.00 0.00 0.00
Hourly Wage $0.00 $0.00 $0.00 $0.00 $0.00
Bar Utility
Minimum Hours/Week Required 40.00 40.00 40.00 40.00 40.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 177 171 177 171 177 2083
Maximum monthly hours allowed 350.00 350.00 350.00 350.00 350.00 0.025
Hourly Wage $6.00 $6.00 $6.00 $6.00 $6.00
Banquet Bartender
Minimum Hours/Week Required 29.00 40.00 27.00 27.00 41.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 128 171 119 115 181 1,537
Maximum monthly hours allowed 350.00 350.00 350.00 350.00 350.00 0.018
Hourly Wage $6.46 $6.46 $6.46 $6.46 $6.46
Honor Bar Attendant
Minimum Hours/Week Required 128.00 128.00 128.00 128.00 128.00
Adequate to an occ% of ----) xx xx xx xx xx
Occupancy where max needed: xx xx xx xx xx
Incremental Hrs. /Occ. Room xx xx xx xx xx
Incremental Hrs. for the Mon. 0 0 0 0 0
Total Hours for the Month 566 548 566 548 566 6,666
Maximum monthly hours allowed 800.00 800.00 800.00 800.00 800.00 0.080
Hourly Wage $7.05 $7.05 $7.15 $7.15 $7.25
Beverage - Total Hours 2,110 2,055 2,101 2,024 2,154 24,752
Beverage - Total Wages:
321301 Food & Beverage Director $0 $0 $0 $0 $0 0
321302 Beverage Manager/Super 1,593 1,233 1,593 1,458 1,512 17,640
321319 Bartender 6,638 6,425 6,638 6,425 6,638 78,166
321319 Mgr Reception Bartender 0 0 0 0 0 0
321319 Service Bartender 0 0 0 0 0 0
321334 Cocktail Servers 0 0 0 0 0 0
321319 Bar Utility 1,062 1,026 1,062 1,026 1,062 12,498
321304 Banquet Bartender 827 1,105 769 743 1,169 9,929
321345 Honor Bar Attendant 3,990 3,863 4,047 3,918 4,104 47,163
------- ------- ------- ------- ------- --------
Total Beverage Wages $14,110 $13,652 $14,108 $13,570 $14,484 $165,393
======= ======= ======= ======= ======= ========
------------------------------------------------------------------------------------------
Bonuses $ 0 0 0 0 0
------------------------------------------------------------------------------------------
Beverage Dept. - Other Expenses
321415 Banquet Expense 0 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00% 0.00%
=================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95
=================================================================================================================================
321471 Bar Expense 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321425 Contracted Labor 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321428 Glassware 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
321436 Contracted Services 0 50 50 50 50 50 50 50 50
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321444 Decorations 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
321465 Equipment Rentals 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321489 Ice 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321493 Kitchen Fuel 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321502 Jazz Club Allocation 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321506 Licenses & Inspection 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 1.90% 1.90% 1.90% 1.90% 1.90% 1.90% 1.90% 1.90%
321508 Linen 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321518 Menus & Beverage List 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
321520 BASE MGMT FEE 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
321522 Music & Entertainment 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321528 Paper & Plastics 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321546 Promotional Beverage 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321547 Promotional Food 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
321567 Operating Supplies 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80%
321574 Telephone 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
========================================================================= ==========
Data File Sep-95 Oct-95 Nov-95 Dec-95 Totals
========================================================================= ==========
321471 Bar Expense 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321425 Contracted Labor 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321428 Glassware 0 0 0 0
% of Xxx. Sales 0.40% 0.40% 0.40% 0.40%
321436 Contracted Services 50 50 50 50
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321444 Decorations 0 0 0 0
% of Xxx. Sales 0.10% 0.10% 0.10% 0.10%
321465 Equipment Rentals 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321489 Ice 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321493 Kitchen Fuel 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321502 Jazz Club Allocation 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321506 Licenses & Inspection 0 0 0 0
% of Xxx. Sales 1.90% 1.90% 1.90% 1.90%
321508 Linen 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321518 Menus & Beverage List 0 0 0 0
% of Xxx. Sales 0.10% 0.10% 0.10% 0.10%
321520 BASE MGMT FEE 0 0 0 0
% of Xxx. Sales 1.50% 1.50% 1.50% 1.50%
321522 Music & Entertainment 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321528 Paper & Plastics 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321546 Promotional Beverage 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321547 Promotional Food 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
321567 Operating Supplies 0 0 0 0
% of Xxx. Sales 0.80% 0.80% 0.80% 0.80%
321574 Telephone 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
=================================================================================================================================
Data File Annual Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95 Aug-95
=================================================================================================================================
321592 Uniforms 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
321594 Utensils 0 0 0 0 0 0 0 0 0
% of Xxx. Sales NA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
========================================================================= =========
Data File Sep-95 Oct-95 Nov-95 Dec-95 Totals
========================================================================= =========
321592 Uniforms 0 0 0 0
% of Xxx. Sales 0.10% 0.10% 0.10% 0.10%
321594 Utensils 0 0 0 0
% of Xxx. Sales 0.00% 0.00% 0.00% 0.00%
Food Statistics Summary: Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95
====================================================================================================
Room Service
Room Serv Covers 1,251 1,856 2,086 1,661 1,944 1,812 1,892
Room Serv Avg.Chk $10.24 $9.93 $11.08 $10.83 $10.83 $10.83 $10.99
Room Serv Revenue $12,801 $18,437 $23,108 $17,990 $21,062 $19,626 $20,789
PARK AVENUE CAFE
Outlet #1 Covers 1,500 3,000 3,000 4,000 4,500 5,000 5,000
Outlet #1 Avg. Chk $26.00 $26.00 $26.00 $36.00 $36.00 $36.00 $36.00
Outlet #1 Revenue $39,000 $78,000 $78,000 $144,000 $162,000 $180,000 $180,000
XXX. XXXXX TAVERN
Outlet #2 Covers 7,158 6,781 7,742 8,650 10,236 11,052 10,934
Outlet #2 Avg. Chk $12.56 $12.80 $13.90 $14.15 $13.95 $14.32 $14.65
Outlet #2 Revenue $89,902 $86,795 $107,594 $122,396 $142,785 $158,268 $160,176
COFFEE CART
Outlet #3 Covers 5,211 5,304 5,961 6,041 7,624 7,104 7,722
Outlet #3 Avg.Chk $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53
Outlet #3 Revenue $2,762 $2,811 $3,159 $3,202 $4,041 $3,765 $4,093
Food Outlet #4
Outlet #4 Covers 0 0 0 0 0 0 0
Outlet #4 Avg. Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #4 Revenue $0 $0 $0 $0 $0 $0 $0
Food Outlet #5
Outlet #5 Covers 0 0 0 0 0 0 0
Outlet #5 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #5 Revenue $0 $0 $0 $0 $0 $0 $0
Food Outlet #6
Outlet #6 Covers 0 0 0 0 0 0 0
Outlet #6 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #6 Revenue $0 $0 $0 $0 $0 $0 $0
Food Outlet #7
Outlet #7 Covers 0 0 0 0 0 0 0
Outlet #7 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #7 Revenue $0 $0 $0 $0 $0 $0 $0
Food Outlet #8
Outlet #8 Covers 0 0 0 0 0 0 0
Outlet #8 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #8 Revenue $0 $0 $0 $0 $0 $0 $0
Food Outlet #9
Outlet #9 Covers 0 0 0 0 0 0 0
Outlet #9 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #9 Revenue $0 $0 $0 $0 $0 $0 $0
Total Food Regular (excluding Banquets)
Total Reg. Covers - Reg 15,120 16,941 18,789 20,352 24,304 24,968 25,548
Total Reg. Avg.Chk. - Reg $9.55 $10.98 $11.28 $14.13 $13.57 $14.49 $14.29
Total Reg. Revenue - Reg $144,465 $186,044 $211,862 $287,588 $329,887 $361,659 $365,058
Food Statistics Summary: Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
=========================================================================== ============
Room Service
Room Serv Covers 2,098 1,865 2,640 2,105 1,695 22,905
Room Serv Avg.Chk $11.34 $11.01 $8.98 $9.35 $9.41 $10.37
Room Serv Revenue $23,795 $20,530 $23,708 $19,680 $15,961 $237,487
PARK AVENUE CAFE
Outlet #1 Covers 5,000 5,000 5,000 5,000 5,000 51,000
Outlet #1 Avg. Chk $36.00 $36.00 $36.00 $36.00 $36.00 $34.53
Outlet #1 Revenue $180,000 $180,000 $180,000 $180,000 $180,000 $1,761,000
XXX. XXXXX TAVERN
Outlet #2 Covers 12,200 11,401 12,460 12,546 11,108 122,268
Outlet #2 Avg. Chk $14.70 $14.90 $14.34 $13.83 $14.55 $14.16
Outlet #2 Revenue $179,368 $169,904 $178,630 $173,459 $161,610 $1,730,888
COFFEE CART
Outlet #3 Covers 7,111 8,289 8,799 8,419 5,651 83,236
Outlet #3 Avg.Chk $0.53 $0.53 $0.53 $0.53 $0.53 $0.53
Outlet #3 Revenue $3,769 $4,393 $4,663 $4,462 $2,995 $44,115
Food Outlet #4
Outlet #4 Covers 0 0 0 0 0 0
Outlet #4 Avg. Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #4 Revenue $0 $0 $0 $0 $0 $0
Food Outlet #5
Outlet #5 Covers 0 0 0 0 0 0
Outlet #5 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #5 Revenue $0 $0 $0 $0 $0 $0
Food Outlet #6
Outlet #6 Covers 0 0 0 0 0 0
Outlet #6 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #6 Revenue $0 $0 $0 $0 $0 $0
Food Outlet #7
Outlet #7 Covers 0 0 0 0 0 0
Outlet #7 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #7 Revenue $0 $0 $0 $0 $0 $0
Food Outlet #8
Outlet #8 Covers 0 0 0 0 0 0
Outlet #8 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #8 Revenue $0 $0 $0 $0 $0 $0
Food Outlet #9
Outlet #9 Covers 0 0 0 0 0 0
Outlet #9 Avg.Chk $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Outlet #9 Revenue $0 $0 $0 $0 $0 $0
Total Food Regular (excluding Banquets)
Total Reg. Covers - Reg 26,409 26,555 28,899 28,070 23,454 279,409
Total Reg. Avg.Chk. - Reg $14.65 $14.12 $13.39 $13.45 $15.37 $13.51
Total Reg. Revenue - Reg $386,932 $374,828 $387,002 $377,601 $360,566 $3,773,491
Food Statistics Summary: Jan-95 Feb-95 Mar-95 Apr-95 May-95 Jun-95 Jul-95
(continued) ====================================================================================================
Banquets (Breakfast, Lunch & Dinner)
Banquet Covers 2,658 1,591 2,086 1,646 2,897 1,723 2,471
Banquet Avg.Chk $23.20 $22.85 $23.80 $30.45 $28.36 $32.14 $26.22
Banquet Revenue $61,666 $36,356 $49,665 $50,129 $82,161 $55,369 $64,795
Banquets (Reception & Coffee Breaks)
Banquet Covers 2,814 3,501 3,934 4,168 5,642 2,771 4,170
Banquet Avg.Chk $10.59 $11.09 $10.36 $16.31 $11.38 $16.92 $10.15
Banquet Revenue $29,807 $38,825 $40,773 $67,997 $63,737 $46,886 $42,317
----------------------------------------------------------------------------------------------------------------------------------
Total Banquets
Banquet Covers 5,472 5,092 6,021 5,814 8,539 4,493 6,641
Banquet Avg.Chk $16.72 $14.77 $15.02 $20.32 $17.09 $22.76 $16.13
Banquet Revenue $91,473 $75,181 $90,438 $118,127 $145,897 $102,255 $107,112
----------------------------------------------------------------------------------------------------------------------------------
Total Food Department
Banquet Covers 20,591 22,033 24,810 26,167 32,843 29,461 32,189
Banquet Avg.Chk $11.46 $11.86 $12.18 $15.50 $14.49 $15.75 $14.67
Banquet Revenue $235,937 $261,225 $302,300 $405,714 $475,785 $463,914 $472,170
----------------------------------------------------------------------------------------------------------------------------------
Food Statistics Summary: Aug-95 Sep-95 Oct-95 Nov-95 Dec-95 Totals
(continued) =========================================================================== ============
Banquets (Breakfast, Lunch & Dinner)
Banquet Covers 3,125 3,051 4,751 2,378 2,147 30,525
Banquet Avg.Chk $28.59 $24.71 $24.57 $30.72 $22.37 $26.34
Banquet Revenue $90,600 $75,372 $116,722 $73,069 $48,041 $803,945
Banquets (Reception & Coffee Breaks)
Banquet Covers 1,250 4,642 6,071 3,704 3,308 45,975
Banquet Avg.Chk $18.00 $14.43 $11.97 $13.82 $19.44 $13.22
Banquet Revenue $22,500 $66,975 $72,680 $51,188 $64,316 $608,001
----------------------------------------------------------------------------------------------------- ------------
Total Banquets
Banquet Covers 4,375 7,692 10,823 6,083 5,456 76,500
Banquet Avg.Chk $25.85 $18.51 $17.50 $20.43 $20.59 $18.46
Banquet Revenue $113,100 $142,348 $189,402 $124,256 $112,358 $1,411,946
----------------------------------------------------------------------------------------------------- ------------
Total Food Department
Banquet Covers 30,784 34,247 39,721 34,152 28,910 355,909
Banquet Avg.Chk $16.24 $15.10 $14.51 $14.69 $16.36 $14.57
Banquet Revenue $500,032 $517,175 $576,404 $501,857 $472,924 $5,185,437
----------------------------------------------------------------------------------------------------- ------------
