The annual revenue and average daily rates seem high and I’m wondering if the numbers are inflated?

Essentially a lease option program where you guys get about 23% of non-refundable tenant-resident fee.  

Making it an experience will increase your revenue and occupancy.

I would say if you're just doing it half way with like a foosball table and a few small things, don't bother with closing it in and all that, but know that it probably won't do much to add revenue. 

Run a hydro model to determine what the flood level would be in this area (essentially do the work that FEMA didnt complete.)  2.

That's essential. 

Essentially the leaky bucket strategy. 

A friend of mine Kenny Bedwell created this software to extract the revenue and average valuation of properties by city.

I get my occupancy and revenue projections from driving by 3 local motels and counting commercial construction contractor vehicles. 

The rents have been low so with making a few small small changes and getting new tenants in place we've been able to increase revenues.