[Aatish]

Originally Posted by Mywifes335

His family's been in it since the early 80s. Made several millions per annum in the late 90s. In the early 2000s, the family parlayed it from 8 fuck shack type motels to 3 mid-tier national franchises like Best Western and Courtyard level (not providing actual names since it's my boy).

One is doing well. One is break even. The third is millions upside-down.

The economic downturn and the opening of parx and the NY casinos really killed the AC market.

It's a tough market. The economic downturn and the rise in gas in the past really hurt our bottom line.

Hence, we've been trimming the fat and going to management more so than outright ownership.

[Mywifes335]

Originally Posted by silvergray545

I must have missed that. I don't go into the politics section. My generation of people don't understand that you can't vote for someone based upon a single issue. Or someone that has no interest in foreign affairs. Or someone that thinks a redistribution of wealth is a smart thing (i.e. "Make the 1% pay."). Or the fact that voting for someone just because she's a woman. Long story short, my generation is full of a bunch of fucking idiots.

What can I say? I love my OTers.

What? I'm votin for Trump because of THE Mexicans. That's it. Wait, Bernie because he makes granola.

Not sure about your generation (probably same as mine), but I'm a helluvalot more scared of the entitled teens whom are all about social media, instant gratification, and being sheltered to death starting to vote. I've got a few acquaintances with teens and they come from decent families. The kids have no idea what hard work is. They all want to save the world - which is great - but they have no concept of what money is or what work is. It scares me.

Layer on top of that hipsters.

Oy oy oy.

Edit: no more politics. Putting my head in the sand.

[Mr Tonka]

Originally Posted by jtodd_fl

Sooo. have the opportunity to get "a deal" on MPE for the F82. Thoughts? Yay or nay?

Wow. If they're willing to give you an F82 for your poor erection, i'm curious to know what you'd get for an outstanding erection.

[ASBSECU E93]

Originally Posted by Aatish

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.

[Mywifes335]

Originally Posted by Aatish

It's a tough market. The economic downturn and the rise in gas in the past really hurt our bottom line.

Hence, we've been trimming the fat and going to management more so than outright ownership.

Smart move...similar to big companies selling property and doing lease backs. Creates instant cash flow, reduces liabilities. Maybe a bump in opex, but it's often a favorable LT solution.

[Mr Tonka]

Originally Posted by silvergray545

I want you to catch all of my grammer mistakes. I wasn't teached very good so I don't no any better. Peoples would normally make fun of me. I would get sad and go sit over they're in the corner.


Yay

[Mywifes335]

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.

Is there that much inefficiency in the market that these aren't baked into the price? There must be a huge premium right?

[ASBSECU E93]

Originally Posted by Mywifes335

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.

[Aatish]

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.

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.

[Aatish]

Originally Posted by ASBSECU E93

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.

[ASBSECU E93]

Originally Posted by Aatish

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.

[ASBSECU E93]

Originally Posted by Aatish

Also, as you may know, every property is different.

True - location, location, location....

Both are located less than 3 miles from one of the busiest airports in the southeast.

[jtodd_fl]

The ayes have it. I'm getting the MPE. Should be fun.

[Mywifes335]

Originally Posted by Aatish

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.

Was that in anticipation of oil/gas boom?

[Verbiage]

Originally Posted by jtodd_fl

The ayes have it. I'm getting the MPE. Should be fun.

I really enjoy the deepened gurgle that it produces, quite throaty, especially when rolling on that stock meat.

[silvergray545]

Originally Posted by Verbiage

I really enjoy the deepened gurgle that it produces, quite throaty, especially when rolling on that stock meat.

Inb4 no homo edit

[Mr Tonka]

Originally Posted by jtodd_fl

The ayes have it. I'm getting the MPE. Should be fun.

Now i'm confused. I thought you were trading your poor erection for an F82?

Now you're getting a Major Penis Enlargement instead? Is that because they will trade a lot more for a larger penis?

Serious, wtf is an MPE?

[jtodd_fl]

Originally Posted by Mr Tonka

Now i'm confused. I thought you were trading your poor erection for an F82?

Now you're getting a Major Penis Enlargement instead? Is that because they will trade a lot more for a larger penis?

Serious, wtf is an MPE?

Well, I guess there are two ways to increase throatiness and gurgle. Major Penis Enlargement is, in fact, one way. Kudos on a guess that works! However, I chose the M Performance Exhaust route, since I don't need the other.

Hurrrr.. I have a 12" ePenis!

[Aatish]

Originally Posted by ASBSECU E93

True - location, location, location....

Both are located less than 3 miles from one of the busiest airports in the southeast.

Airport properties are the best.

Took over a clapped out bank owned property 5 minutes from O'Hare a few years back. Converted it to a higher end flag. Contracted with the customer service company at O'Hare to provide rooms for cancellations.

Great property. Even had a good view of the incoming and outgoing planes from the roof

[silvergray545]

Originally Posted by Mr Tonka

Now i'm confused. I thought you were trading your poor erection for an F82?

Now you're getting a Major Penis Enlargement instead? Is that because they will trade a lot more for a larger penis?

Serious, wtf is an MPE?

M Performance Exhaust.

You've been out of the game for too long, sir.

[Aatish]

Originally Posted by Mywifes335

Was that in anticipation of oil/gas boom?

Yup. Individuals were building hotels left and right, hoping the boom would pay off. It collapsed and now there are thousands of vacant hotel rooms.

Nice flags too. Hamptons, Fairfields, etc.

[ASBSECU E93]

Mywifes335 - we're not talking about Gold Biscuits here....you might be a little out of your depth...