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W2007 Grace Acquisition I, Inc (WGCBP)

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Last Post: 7/11/2014 1:31:45 PM - Followers: 16 - Board type: Free - Posts Today: 0


 

W2007 Grace Acquisition I, Inc.
6011 Connection Drive
Irving, TX 75039


 

Grace Acquisition I, Inc. is the result of the October 25, 2007 acquisition of Equity Inns, Inc. The company owned 111 hotels at closing.


The aggregate purchase price paid for all of the equity securities was approximately $2.2 billion, including assumed debt, which purchase price was funded by the equity financing from Whitehall Street Global Real Estate Limited Partnership 2007. Goldman Sachs provided financing in the aggregate principal amount of $1.8 billion.


Each share of common stock was converted into the right to receive $23.00, without interest, and (ii) each share of 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock of the Company outstanding immediately prior to the effective time of the Merger was converted into the right to receive one share of 8.75% Series B Cumulative Preferred Stock (WGCBP) and 9.00% Series C Cumulative Preferred Stock (WGCCP), respectively.

There are 3.45 million shares of 8.75% Series B Cumulative Preferred Stock and 2.4 million shares of 9.00% Series C Cumulative Preferred Stock outstanding. 


 



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#120  Sticky Note W2007 Grace I, LLC Unaudited Condensed Consolidated Financial Enterprising Investor 06/04/14 07:27:20 AM
#199   EI, there is plenty of value. Hank Moody 07/11/14 09:57:50 AM
#198   Very simply: $325m allocated purchase price -$76m of which is h_man_investor 07/11/14 08:42:10 AM
#197   Not the actual balance sheet... I'm talking about 56Chevy 07/11/14 07:06:40 AM
#196   And so will I! Enterprising Investor 07/10/14 09:44:30 PM
#195   It's all public information. h_man_investor 07/10/14 08:43:59 PM
#194   I urge anyone to show me an analysis 56Chevy 07/10/14 08:40:08 PM
#193   Before someone asks why Whitehall/GS would screw over h_man_investor 07/10/14 05:01:56 PM
#192   Historical basis means much less than future return h_man_investor 07/10/14 09:46:30 AM
#191   Aren't you forgetting something? Enterprising Investor 07/09/14 08:17:31 PM
#190   Initial WGCBP purchases made in August 2011 at Enterprising Investor 07/09/14 07:52:29 PM
#189   Whitehall is not concerned at deferring long term h_man_investor 07/09/14 10:57:10 AM
#188   Goldman in #3 in the attached link Hank Moody 07/09/14 09:52:06 AM
#187   Absolutely possible...makes perfect sense. 56Chevy 07/08/14 11:08:15 PM
#186   The preferred stock issues could be dealt with Enterprising Investor 07/08/14 10:21:37 PM
#185   I think h_man_investor's walk down of implied value Madmartigan 07/07/14 04:36:12 PM
#184   Not really stealing. They were given a warrant h_man_investor 07/07/14 03:25:43 PM
#183   Your theory implies that Goldman is going to Hank Moody 07/07/14 03:03:55 PM
#182   I just find this intriguing and want to Madmartigan 07/07/14 02:56:10 PM
#181   Ok great..you're on record. 56Chevy 07/07/14 02:03:35 PM
#180   My prediction: -60% of existing shares replaced with new h_man_investor 07/07/14 12:24:09 PM
#179   You're smarter than that. We both know that h_man_investor 07/02/14 08:48:41 AM
#178   Real Estate Sale Agreement [...] 2. Enterprising Investor 07/02/14 08:42:01 AM
#177   Unfortunately names don't really matter much and it's h_man_investor 07/02/14 08:29:06 AM
#175   Answer: No mention of a shareholder vote. Enterprising Investor 07/01/14 09:33:58 PM
#174   Maybe I should have used the word "sellers". Enterprising Investor 07/01/14 09:05:27 PM
#173   FYI - it wasn't the first half of 56Chevy 07/01/14 03:28:50 PM
#172   FYI - the value that is mentioned ($17/$17.50) Madmartigan 07/01/14 03:20:14 PM
#171   Additionally, the preferreds are carried at $17.50 & 56Chevy 07/01/14 02:12:43 PM
#169   Simply false. W2007 is receiving 3% of h_man_investor 07/01/14 11:41:23 AM
#168   The securitized amount is $865 million. Perbert 07/01/14 11:36:12 AM
#166   EQTY 2014-INNS Madmartigan 07/01/14 09:45:05 AM
#165   Do you have the name of the CMBS h_man_investor 07/01/14 09:02:22 AM
#164   In reading through the FAQ again very literally, Madmartigan 07/01/14 07:40:33 AM
#163   I guess we'll see. Like I said, part h_man_investor 06/30/14 09:33:02 PM
#162   H-Man, it does not make sense that ARC hurtrhino 06/30/14 08:56:07 PM
#161   Two items. (1) The subordinated debt of Perbert 06/30/14 08:23:49 PM
#160   Make that sense, not since. Perbert 06/30/14 08:11:10 PM
#159   I think it makes since. The average Perbert 06/30/14 08:10:30 PM
#158   The updated FAQ seems to imply a pref Madmartigan 06/30/14 07:48:14 PM
#157   Update to Equityinns.com. No distribution this quarter. Perbert 06/30/14 07:31:31 PM
#156   Expect payment near/at closing. This allows everyone (including a Enterprising Investor 06/30/14 12:32:03 PM
#155   Please be more specific. What doesn't make sense? It h_man_investor 06/30/14 12:21:56 PM
#154   H-Man, your scenario does not make sense. This hurtrhino 06/30/14 12:19:37 PM
#153   I'm not trying make enemies either but it's h_man_investor 06/30/14 12:14:26 PM
#152   EI - I would be interested to hear Madmartigan 06/30/14 12:08:17 PM
#151   What no one wants to say is that hurtrhino 06/30/14 12:00:42 PM
#150   I view that as "highly unlikely". In addition, I Enterprising Investor 06/30/14 11:52:35 AM
#149   I hope your expectations includes getting some preferred h_man_investor 06/30/14 11:31:39 AM
#148   I'm not so sure that Grace I has h_man_investor 06/30/14 11:28:13 AM
#147   I expect all of this to play out Enterprising Investor 06/30/14 11:11:29 AM
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