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      05-25-2016, 11:23 AM   #21077
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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.
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      05-25-2016, 11:24 AM   #21078
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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
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      05-25-2016, 11:25 AM   #21079
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Quote:
Originally Posted by ASBSECU E93 View Post
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?
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      05-25-2016, 11:29 AM   #21080
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Quote:
Originally Posted by Mywifes335
Quote:
Originally Posted by ASBSECU E93 View Post
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?
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.
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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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      05-25-2016, 11:32 AM   #21081
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Quote:
Originally Posted by ASBSECU E93
Quote:
Originally Posted by Aatish
Quote:
Originally Posted by Mywifes335
Quote:
Originally Posted by Aatish View Post
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.
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      05-25-2016, 11:33 AM   #21082
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Quote:
Originally Posted by ASBSECU E93
Quote:
Originally Posted by Mywifes335
Quote:
Originally Posted by ASBSECU E93 View Post
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?
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.
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      05-25-2016, 11:36 AM   #21083
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Quote:
Originally Posted by Aatish
Quote:
Originally Posted by ASBSECU E93
Quote:
Originally Posted by Aatish
Quote:
Originally Posted by Mywifes335
Quote:
Originally Posted by Aatish View Post
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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      05-25-2016, 11:36 AM   #21084
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Quote:
Originally Posted by Aatish
Quote:
Originally Posted by ASBSECU E93
Quote:
Originally Posted by Mywifes335
Quote:
Originally Posted by ASBSECU E93 View Post
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?
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.
True - location, location, location....

Both are located less than 3 miles from one of the busiest airports in the southeast.
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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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      05-25-2016, 11:42 AM   #21085
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The ayes have it. I'm getting the MPE. Should be fun.
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      05-25-2016, 11:43 AM   #21086
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Quote:
Originally Posted by Aatish View Post
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?
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Why the sad face, I fucking love sausage.
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      05-25-2016, 11:47 AM   #21087
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Quote:
Originally Posted by jtodd_fl View Post
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.















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      05-25-2016, 11:49 AM   #21088
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Quote:
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I really enjoy the deepened gurgle that it produces, quite throaty, especially when rolling on that stock meat.















Inb4 no homo edit
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      05-25-2016, 11:50 AM   #21089
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Quote:
Originally Posted by jtodd_fl View Post
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?
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      05-25-2016, 11:52 AM   #21090
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Quote:
Originally Posted by Mr Tonka View Post
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!
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      05-25-2016, 11:52 AM   #21091
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Quote:
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
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      05-25-2016, 11:53 AM   #21092
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Quote:
Originally Posted by Mr Tonka
Quote:
Originally Posted by jtodd_fl View Post
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?
M Performance Exhaust.

You've been out of the game for too long, sir.
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      05-25-2016, 11:54 AM   #21093
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Quote:
Originally Posted by Mywifes335
Quote:
Originally Posted by Aatish View Post
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?
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.
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      05-25-2016, 11:55 AM   #21094
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Mywifes335 - we're not talking about Gold Biscuits here....you might be a little out of your depth...
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She stood there. Pointed a finger at me and laughed at me. That damn bitch.
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      05-25-2016, 11:57 AM   #21095
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Quote:
Originally Posted by silvergray545 View Post
M Performance Exhaust.

You've been out of the game for too long, sir.
Damn, I thought he was joking about not knowing the acronym. Lol.
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      05-25-2016, 12:21 PM   #21096
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You think there is any value in trying to re-sell the stock exhaust (about 4,000 miles on it). I can go trawl the F82 forum and see if there is a benchmark price... sounds like a hassle. *sigh*
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      05-25-2016, 12:23 PM   #21097
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Quote:
Originally Posted by jtodd_fl View Post
You think there is any value in trying to re-sell the stock exhaust (about 4,000 miles on it). I can go trawl the F82 forum and see if there is a benchmark price... sounds like a hassle. *sigh*
No. When you decide to sell the car, put the stock on and recoup money by selling the MPE.
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      05-25-2016, 12:25 PM   #21098
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No. When you decide to sell the car, put the stock on and recoup money by selling the MPE.
Thanks. Good advice. Probably by the time we sell the car, it will be so depreciated that it won't make a difference. We will have this car for a LONG time. Storing an exhaust system for 5-10 years... nope.
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