1. How much will ABC Corp owe H-Town Hotel under the
ASSIGNMENT1. ABC Corp decides to hold its 2024 conference at the H–Town Hotel. The
attrition clause and related terms of the contract between the parties follow:• Event Dates:
January 5 – 6, 2024• Guest Rooms: This Agreement ABC Corp (“Customer”) and H–Town
Hotel (“Hotel”) applies to the following block of guest rooms (the “Room Block”): Jan. 5 Jan.
6 TotalsTraditional Guestroom 70 70 140Attendees Room Block Total 70 70 140• Total
Guest Room Night Commitment: Customer’s total Guest Room NightCommitment is 140.•
Rates: Hotel will provide the confirmed guest room rates below for the Room Block(the
“Rates”):Attendees Room Block:Rooms Single Rate Double RateTraditional Guestroom $110
$110ABC Corp (“Customer”) agrees a loss will be incurred by Hotel if Customer’s actual
usage is less than 80% of the Guest Room Night Commitment. If Customer’s actual usage is
less than 80% of the Guest Room Night Commitment, Customer will pay, as liquidated
damages and not as a penalty, the difference between 80% of the Guest Room Night
Commitment and Customer’s actual usage, multiplied by the average group room rate, plus
applicable taxes.How much will ABC Corp owe H–Town Hotel under the attrition clause if
they have 35 attendees, each staying both nights?2. Bartender’s Association Conference at
Highball Hotel. The Bartender’s Association Conference is to be held at the Highball Hotel.
Some of the contract terms are as follows:• XYZ Hotel will hold the following block of rooms
for Bartender’s Association’s (“Group”)use (“Room Block”):Date Type No. of
Rooms05/24/2023 Single/Double 150• Highball Hotel will provide single/double rooms at
the Room Rate of $100 per night.• The Anticipated Room Night Revenue shall be defined as
the total Room Block of 150room nights at Room Rate of $100 = $15,000*• Highball Hotel
agrees to allow for a 15% reduction in the Anticipated Room NightRevenue, provided that
you make a written request for that reduction between now and 60days prior to your
arrival date. At the conclusion of the meeting, we will subtract the roomrevenue derived
from your meeting (excluding revenue derived from pre and post programstays) and the
amount of any permissible attrition you have taken from the AnticipatedRoom Night
revenue set forth above.[*sometimes the attrition clause sets out the requirements in total
revenue amounts, rather thanroom nights, as it does in this problem]One February 28,
2023, the Bartender’s Association delivers to the Highball Hotel a writtenrequest for a 15%
reduction in the room block, which reduces the Anticipated Room NightRevenue to $12,750
($15,000 * 15% = $2,250; $15,000 – $2,250 = $12,750).(a) If the Bartender’s Association
has 100 actual attendees at the conference, how much (ifany) will they owe for the attrition
2. fee? Show your calculations.(b) What would the Bartender’s Association owe as the attrition
fee if they did NOT request areduction in the room block in advance.