Whole HotelsFor Marriott corp Hilton Holiday La Quinta

Beta 1.11 0.76 1.35 0.89Mkt Leverage 0.41 0.14 0.79 0.69Equity Wt 0.59 0.86 0.21 0.31Revenues 6.52 0.77 1.66 0.17Unlevered Beta 0.7990483163 0.6536 0.2835 0.2759Target Debt 0.6Target Equity 0.4Levered beta 1.4702489019Risk free rate 8.95%Risk Premium 7.43%CoE ###Interest rate 10.25%Tax rate 44%CoD 5.73%WACC ###

Hotels Restaurants`Ramada Average CFC CFI Frisch

1.36 1.45 1.45 0.570.65 0.04 0.1 0.060.35 1 0.96 0.9 0.940.75 3.35 0.39 0.57 0.14

0.476 0.4112791045 1.392 1.305 0.53580.740.26

1.58184270958.95%7.43%###

10.05%44%

5.63%9.54752375%

Restaurants`Luby McDonalds Wendy's Average

0.76 0.94 1.320.01 0.23 0.210.99 0.77 0.79 10.23 4.89 1.05 3.75

0.7524 0.7238 1.0428 0.77375372420.420.58

1.33405814538.95%7.43%###

10.75%44%

6.02%###

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