I mean, that seems relatively reasonable. You have 23 roster forwards, 3 coaches, 3 staff, probably 3 scouts, and probably a player "fixer", a misc management staff for promotions, and a good 3 equipment staff. Thats easily 37 people, likely a minimum of 20 rooms. They are also likely staying for at least two nights, so that's in effect 40 booked rooms. They also likely are paying like 2-5k for conference rooms and private meal rooms. Means that each room is only charging on average 500 to 625 a night, which is high but not exactly unfeasible. Notably there is a good chance that each room is around 350 a night, meaning you only really need to account for 200 dollars per room per night. Two room service orders (one per player) + a PPV movie + an alcoholic beverage each gets you there easily, and most of these hotels have all sorts of extras that they could be utilizing such as massage therapists and the like that I can't imagine the team wouldn't pay for if not encourage.
I've been in some 3 star hotels for work where a chocolate bar from the mini-fridge is 20 bucks.
I'd imagine they are close to going out of business and may or may not be going through the ringer to stave off bankrupcy.