From an anonymous NIT reader:
(In response to Historic Park Inn operator Steve Noto’s statements about the financial performance of the hotel and its contributions to Mason City’s economy.)
I suppose you will be doing an Editorial soon praising the performance of the Hotel as the Globe just did.
10,000 guests sleep in the place the first tweleve months from all states but one. Nice. Claim via
loose estimates that they spent a million dollars in MC while here outside of the Hotel. Wow.
If the ten thousand were all single registrations the whole 27 rooms were full every night on the year.
100% occupancy!! Since no exact figures were provided you can do the math anyway it looks the best.
Since no Rev. Per ava. Room (RevPar) facts were provided you get a broad statement that it is or will be in the black
at the end of the fiscal year on it’s operating cost vs revenues. Nice. Especially for the MC Chamber of Commerce.
$1M divided by 365 days is $2,739.73 per day into the MC economy. Probably less than a surgeon makes at Mercy in an hour
for a serious operation. How many serious operations are there at Mercy every year?
The Five Star Rest. perf. not spoken of. Probably because there is no Five Star rest. operation as first claimed in adv. when first open.
In fact from what appears to be, there is no breakfast, lunch, dinner 7 day a week on site operating resturant. No exact
report given on just what exists for order from a menue for room service, during what hours of the day.
Specific financial facts on the first year performance were few, far less than in the media on the perf. of high end hotels/motels in
major tourist markets. But for the Globe it’s all great.
