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Originally Posted by ASBSECU E93
Quote:
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Originally Posted by Mywifes335
Quote:
Originally Posted by ASBSECU E93
Or - targeted markets with exponential growth.
I am evaluating 2 large deals in Charlotte right now....
Occupancy Rate and RevPAR are off the charts.
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Is there that much inefficiency in the market that these aren't baked into the price? There must be a huge premium right? |
It's the demand in the market....occupancy is 20 BP above national static average.
One deal is owner/operator
One deal will be managed as Aatish has outlined.
Both generate significant cash flow to service debt, and I'll covenant distributions against a negative DSC impact, plus limit borrowing entity against securing other debt or acting as a Corp guarantor.
Saturation isn't a concern. |
Also, as you may know, every property is different.