[ptsal]

This is probably a slap on the wrist.
Assume a monthly rent of $4,000/month or $48,000/year, the $16,700,000 represents on 348 rooms, round to 350 rooms.

I will wager this firm has a whole bunch more than 350 rooms.

[Mastador1]

Are you assuming one occupant per room? because if you are you best double your estimate