Review ”Simulation Case Study: Phoenix Boutique Hotel Group” for this topic’s case study, in which you provide guidance to Phoenix Boutique Hotel Group (PBHG) founder Bree Bristowe.In addition to creating a simulation model, prepare a 500-750-word recommendation for Bristowe’s best course of action. Explain your model and the rationale for your recommendations.Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the ”Simulation Case Study: Phoenix Boutique Hotel Group Template” Excel resource to complete this assignment.Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.