TAX COMMISSION OF THE CITY OF NEW YORK 
                                         1 Centre Street, Room 2400,                        New York, NY 10007                                                    
                                                                                                                                                             TC208 
                                                                                         
                                                                                                                                                        2023/24 
                          
                                    INCOME AND EXPENSE SCHEDULE                                        FOR A HOTEL 
               ATTACH TO APPLICATION.  TC208 IS NOT VALID IF FILED SEPARATELY.  COMPLETE ALL PARTS.  ANSWER YES 
 OR NO TO QUESTIONS MARKED .  REPORT INCOME AND EXPENSES FOR THE PAST CALENDAR YEAR OR MOST RECENTLY 
 COMPLETED FISCAL YEAR.                  REPORTING FOR THE PRIOR YEAR IS OPTIONAL.  REPORTING EXPENSES  OTHER  THAN 
 OPERATING EXPENSES AND RENT IS OPTIONAL, BUT THESE EXPENSES MUST BE REPORTED ONLY IN PART 6C.  RENT 
 EXPENSE FOR FURNITURE, FIXTURES AND EQUIPMENT MAY BE REPORTED AMONG OTHER OPERATING EXPENSES. 
                                    ALL INCOME FROM THE PROPERTY, WHATEVER ITS SOURCE, MUST BE REPORTED. 
1. PROPERTY IDENTIFICATION                                                                                                                      
BOROUGH (Bronx, Brooklyn, Manhattan, Queens or Staten Island)       BLOCK                          LOT                       REP. TC GROUP NUMBER       ASSESSMENT YEAR 
                                                                                                                                                             2023/24 
 Does this schedule cover more than one tax lot? ______. If yes, state total number of lots ______, and list block and lot numbers: 
Block __________ Lots _____________________________          Block __________ Lots _____________________________ 
Block __________ Lots _____________________________          Block __________ Lots _____________________________   
Check if applicable:    Additional lots are listed on page _____             All lots are contiguous.             Alllots are operated as a single hotel. 
 Does this schedule report use, occupancy and income for the entire tax lot (or lots)? __ If no, describe portions not covered and reason for omission: 
________________________________________________________________________________________________________________________ 
________________________________________________________________________________________________________________________ 
2. CURRENT YEAR REPORTING PERIOD AND ACCOUNTING BASIS 
Current year reporting period:  From _______/_______/_______  to _______/_______/_______                                      Accounting basis:    Cash        Accrual 
Has the accounting basis changed from the prior reporting period?  Y             N  
3. HOTEL OPERATION 
Name of hotel: ___________________________________________________________________________________________________________ 
 Hotel building class _____ 
 Is the hotel managed by an entity that is unrelated to the applicant? _____ 
 Does any individual, business or institutional user of hotel rooms have proprietary rights to use the rooms? _____ 
If yes, describe ___________________________________________________________________________________________________________ 
TOTAL NUMBER OF ROOMS               NUMBER OF TRANSIENT ROOMS      NUMBER OF PERMANENT ROOMS           NUMBER OF KEYS                                 OCCUPANCY RATE FOR 2022 
                                                                                                                                                        
                                         ROOM RATES (rack rates as of January 5, 2023)                                                                             
         ROOM TYPE                       NUMBER OF EACH                      SINGLE RATE                                DOUBLE RATE 
                                                              rms. $                                   $ 
                                                              rms. $                                   $ 
                                                              rms. $                                   $ 

4. OUTSIDE RENTAL TENANTS – Exclude tenants related to hotel operator.                                                                                TOTAL INCOME 
                          No. of 
         Use                             Floor Numbers             Gross Fl. Area                   Vacant %                     Prior Year             Current Year 
                          Units 
Apartments                                                                                  sq.ft.                                                     
Retail                                                                                      sq.ft.                                                     
Restaurant                                                                                  sq.ft.                                                     
Office                                                                                      sq.ft.                                                     
Parking Garage                                                                              sq.ft.                                                     
Cell/Telecom Equip.                                                                         sq.ft.                                                     
Other                                                                                       sq.ft.                                                     
Signage                                                                                                                                                
                                                                                                                                                       
Totals (enter total income here and on Part 5 line B)                                                                         
 Is any space leased to persons related to the hotel operator? ___ (Y/N)   If Yes, are the receipts from that space reported 
in Part 5A? ___ (Y/N)  Describe lease arrangement and relationship of lessee to hotel operator: ________________________ 
____________________________________________________________________________________________________
____________________________________________________________________________________________________  

                                              BOROUGH            BLOCK   LOT 
5. INCOME                                                                                         PRIOR YEAR    CURRENT YEAR                        
A. Departmental income                                                                                                                              
     a. Rooms                                                                                                                                      a. 
     b. Food and beverage                                                                                                                          b. 
     c. Telephone                                                                                                                                  c. 
     d. Public room rental from conferences and exhibits                                                                                           d. 
     e. Audio visual                                                                                                                               e. 
     f. Other departments (e.g. Parking, Resort Fees, Spa)                                                                                         f. 
Total departmental income (5A a-f)                                                                                                                  
B. Income from outside (unrelated) tenants from Part 4)                                                                                             
C. Total operating income (5A + 5B)                                                                                                                 
6. EXPENSES                                                                                                                                         
A. Departmental expenses                                                                                                                            
     a. Rooms                                                                                                                                      a. 
     b. Food and beverage                                                                                                                          b. 
     c. Telephone                                                                                                                                  c. 
     d. Public room, conferences, exhibits                                                                                                         d. 
     e. Audio visual                                                                                                                               e. 
     f. Other departments (e.g. Parking, Resort, Spa)                                                                                              f. 
 Total departmental expenses (6A a-f)                                                                                                               
B. Undistributed operating expenses                                                                                                                 
     a. Administrative and general                                                                                                                 a. 
     b. Marketing                                                                                                                                  b. 
     c. Operations and maintenance                                                                                                                 c. 
     d. Utilities                                                                                                                                  d. 
     e. Other operating expenses                                                                                                                   e. 
Total undistributed operating expenses (6B a-e)                                                                                                     
C. Fixed Expenses                                                                                                                                   
     a. Insurance                                                                                                                                  a. 
     b. Real estate rent                                                                                                                           b. 
Total Fixed Expenses (a + b)                                                                                                                        
D. Business Expenses                                                                                                                                
     a. Management                                                                                                                                 a. 
     b. Franchise fees (if any)                                                                                                                    b. 
Total Business Expenses (a + b)                                                                                                                     
E. Total Expenses Before Taxes (6A + 6B + 6C + 6D)                                                                                                  
7. RECAPITULATION                                                                                                                                   
     a.  Net operating income before real estate tax (5C minus 6E)                                                                                 a. 
     b.  Real estate taxes                                                                                                                         b. 
  Net income after real estate taxes (7a minus 7b)                                                                                                  
8. FURNITURE, FIXTURES AND EQUIPMENT                                                          PRIOR YEAR       CURRENT YEAR 
 Is there a reserve for FF & E?           Contribution to reserve                                             
_______  (Y/N)                             
                                           Book cost of all FF & E at year end                                 
Cost of items purchased in 
reporting year $ __________                Book cost minus accum. depreciation                                 
9. LAND OR BUILDING LEASE INFORMATION AS OF JANUARY 5, 2023  
 Does the operator or a related person pay rent pursuant to an arms-length (i.e., between unrelated parties) lease of the entire tax lot (or lots)? ___ (Y/N). 
If YES, complete this part. 
LESSOR (LANDLORD)                          IF NOT OWNER OF RECORD, DESCRIBE RELATION TO PROPERTY 
                                            
LESSEE (TENANT)                            IF NOT APPLICANT, DESCRIBE RELATION TO APPLICANT 
                                            
Term of lease: from _______/_______ to _______/_______                                          Annual rent $ ____________________________________ 
Start date of annual rent stated: ______/______.    End date of annual rent stated ______/______.    End date of lease option: ______/______. 
 Does lessor pay any of the operating expenses or real estate taxes? ______. If yes, specify:_________________________________________ 
 Does the rent vary with the income from the hotel operation? ______. If yes, specify: _______________________________________________ 
 Is the lease a lease of the land portion of the property only? ______ .
 
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