Given the credibility of the person who came up with that figure I have my doubtsIt'd only lose around $70k revenue a year at best. Its not a decision maker.
The article I quoted lists the proximity to the rugby league ground as a reason for the purchase.
They obviously have a thing for buying hotels which are closeish to rugby league grounds
Who knows what savings in travel costs the nrl comes up with by hosting visiting teams there or what extra patronage it gets on game day over average.
As a travelling player from interstate I’d sure rather stay near the beach in Cronulla than the Novotel at Homebush or the Meriton apartments in parra lol