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Originally Posted by Aatish
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Originally Posted by ASBSECU E93
Quote:
Originally Posted by Aatish
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Originally Posted by Mywifes335
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Originally Posted by Aatish
Don't think a lot of people know I have those cars lol.
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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.
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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
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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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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.
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Respek - but Charlotte isn't N Dakota...where only one line of business generated rapid growth.