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

[Erik Olson <erik@thekrib.com>]

Thanks for the update Scott.  Looking forward to seeing this signed!

  - Erik

On Thu, 4 Mar 2004, S. Hieber wrote:

> 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
> 
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-- 
Erik Olson
erik at thekrib dot com

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