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h_man_investor

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h_man_investor

Re: A deleted message

Tuesday, 07/01/2014 11:41:23 AM

Tuesday, July 01, 2014 11:41:23 AM

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Simply false. W2007 is receiving 3% of the difference between the allocated sales price of the 106 purchase option hotels less the $976mm mortgage, the allocated sales price of the 20 hotels delivered free and clear, and the prorata amount of $451mm in preferreds ARC is issuing.

Additionally, the preferreds are carried at $17.50 & $17.00 so the liability is about 50% higher than your stated.
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