Re: [AGA SC] Revised Marriot -- Version 3 -- based on verbals only

["Karen Randall" <krandall@rdrcpa.biz>]

I wouldn't feel confident COUNTING on much over what we had last year...
125 or so?  I THINK we might do quite a bit better than that becasue the
location is better in terms of people driving in, and we've got a speaker
who should be a big draw.  HOWEVER, the fact remains that attendance at
conventions has been down in the last couple of years nation-wide.  I don't
think we have enough of a track record yet to be able to predict more than
we've already seen.

Karen

----- Original Message ----- 
From: "S. Hieber" <shieber@yahoo.com>
To: <aga-sc@thekrib.com>; "Larry Lampert" <l_lampert@yahoo.com>
Sent: Wednesday, March 03, 2004 9:06 PM
Subject: [AGA SC] Revised Marriot -- Version 3 -- based on verbals only


> I reran the Budget numbers for Marriot. Per the
> conversations with Marriot, the roomnights will be lowered
> to 200 (170 guaranteed). And Banquet guarantee is lowered
> from 230 to 150 -- I think this is right -- it's confusing
> for reasons described below.
>
> I used the Budget numbers except for the above and this:
>
> Changed Registration Ree from $49 to $49 for first 50
> registrants and $59 for subsequent registrants.
>
> I computed results WITHOUT the Penalty fee for the Hotel's
> foregone food/beverage revenues if we fall short of
> function attendance (whatever that means). I spent another
> hour trying to figure out the implications of the language
> in the contract and there are enough different arguably
> valid interpretations that I finally gave up.
>
> I calculated instead a minimum guarantee of 150 Banquets
> because I understand that is where we are headed.  See
> notes in the Summary for the fine print about this
> "Estimated" fee. Let me know if you think know what  might
> cost -- I'll show you how it can cost more than that ;-)
>
> I don't think we can solidly estimate the costs until this
> "estimated loss" language is straightened out -- GWAPA is
> working on that.
>
> Everybody needs to ask themselves (or each other) what's
> the minimum attendance we are very confident we can get
> (assuming we don't have to cancel do to a TSA alert, etc.).
> Also ask what should the breakeven level be. I think they
> are one and the same level.
>
> sh
>
>
> =====
> S. Hieber
>
> -  -   -   -   -   -   -   -
> Amano Returns
> to the AGA Annual Convention
> Nov 2004 -- Baltimore
>
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