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h_man_investor

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h_man_investor

Re: Enterprising Investor post# 174

Wednesday, 07/02/2014 8:29:06 AM

Wednesday, July 02, 2014 8:29:06 AM

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Unfortunately names don't really matter much and it's ownership that matters. Grace I doesn't own any of Whitehall or Goldman Sachs and only a sliver of 106 hotels of those in your reply.

Additionally, they are not paying $1.45b cash either. In fact they are only paying $498mm in cash and are assuming $976mm in mortgage debt.
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