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      05-25-2016, 11:36 AM   #21083
ASBSECU E93
Know's a guy that know's a guy...
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Drives: 2010 335d; 2008 135i
Join Date: Sep 2011
Location: Somewhere over the rainbow

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Originally Posted by ASBSECU E93
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Don't think a lot of people know I have those cars lol.
Your Patels motels is much better than my buddy's Patels motels. He's stuck in a non casino property in AC (business travel type motel) and having a tough time.
It's a hard playing field these days. Really saturated and a lot more expensive to enter than what it used to be.

Management is where the money is at. A lot of people are defaulting, and banks need people to manage and make properties desirable to buyers
Or - targeted markets with exponential growth.

I am evaluating 2 large deals in Charlotte right now....

Occupancy Rate and RevPAR are off the charts.
Those are also on the table, but the risk associated is usually fairly high. It's hard to see forecast where things will be in a 5-10 years, unless there's some stable traffic driver established or in the process of being.

Just look what happened to the market in North Dakota.
Respek - but Charlotte isn't N Dakota...where only one line of business generated rapid growth.
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She stood there. Pointed a finger at me and laughed at me. That damn bitch.
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Poop shit, shit and poop. I'm mildly angry now.
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