Larry sent these comments regarding the Marriot proposal as it stood last light. I agree with him that it's possible we could go as low as 125, maybe even lower, in actual attendance for a number of reasons -- although much higher is more *probable*. The banquet is at 150 but the guaranteed Banquets is 120 -- that distinction will have to be spelled out clearly in the language. I think the deal as it stands today, and with the verbal changes written in, can ring the bell. The breakeven is now at 110 paid registrants. GWAPA plans on sending a markup over to Marriot today reflecting the deal as summarized in the attached file. Marriot has verbally agreed to the changes so there might be a quick turn-around. In the summary I sent earlier today, I neglected to delete a couple comments about the "Food Cost" that are no longer relevent. Please use the attached file instead -- It's the same numbers. The time signature at the top of the file is later in the later file. sh > --- Larry Lampert wrote: > > Scott, > > > > As we discussed the other day The Marriott is not even > a > > consideration unless the ambiguity can be removed from > > the language in the contract. If we assume that does > > happen, At a possible minimum of 125 (perhaps even > 100?) > > paid registrants there is a fair amount of risk. I > really > > do not see maximum attendance going much over 175. It > may > > but I would not budget on that. Additionally I think > 150 > > for the banquet is still to high for a [gauranteed] > > min. and at $50 > > per plate I really can't even guess at what the > > attendance will be. > > > > I think that the extra cost of hotel/parking/banquet > may > > scare a few people off but I don't know for sure. Since > > we don't really have enough of a history to be able to > > really get accurate projections it probably makes sense > > to err on the conservative side. ===== S. Hieber - - - - - - - - Amano Returns to the AGA Annual Convention Nov 2004 -- Baltimore __________________________________ Do you Yahoo!? Yahoo! Search - Find what you?re looking for faster http://search.yahoo.com
Attachment:
Marriot & Sheraton comparison ver 3a.xls
Description: Marriot & Sheraton comparison ver 3a.xls