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Re: thisismynuttoo post# 13

Wednesday, 12/26/2018 3:43:41 AM

Wednesday, December 26, 2018 3:43:41 AM

Post# of 27
Sorry for the late response. I believe that APLE will continue to have difficulty gaining any traction into the new year, with interest rates increasing, and a rocky market outlook. I don't have a crystal ball, so cannot predict share price, but I am willing to bet that the negative movement in the shareprice will far outweigh the benefit of a monthly divy.

I find their move into the Hyatt family interesting, given the timing of potential headwinds. Just looking at the press release I kind of think they paid too much for it.

Back when the entire Amerisuites brand was bought out by Hyatt, they paid around 4M or a little more for each property, with the intent to spend a couple million or so on each property for renovations. The price of 15.4M seems a bit steep, but maybe Apple knows what they're doing.

You'll notice that the hotel has 127 rooms, and that's because most if not all of the hotels within the Amerisuites brand had 128 originally. When they all renovated to become Hyatt Places, the kitchens had to be expanded by tearing into one of the first floor rooms. Hyatt Places hotels have limited first floor space, but make do with the space they have, offering a type of bakery cafe that includes some alcoholic offerings, and a separate guest kitchen where the guest can order made to order meals.

Hyatt Place, like the Courtyard Marriott, and Hilton Garden are very nice hotels. I like the fact that Apple has it's main focus on the upper middle market with these three chains, but wonder how well that plays out in a weaker economy. We might soon find out.

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