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Wednesday, 11/18/2020 5:20:30 AM

Wednesday, November 18, 2020 5:20:30 AM

Post# of 27
So I ran a few of the numbers, and as expected, I wasn't surprised.

The company paid 207K per room key for a Cape Canaveral Hampton, 209K per room key for a Home2 Suites in Cape Canaveral, 250K for a Hyatt House in Tempe Arizona, and 248K for a Hyatt Place, also in Tempe Arizona. That was THIS YEAR. You could literally bu a nice house for each room price they paid; ridiculous!

If that number doesn't sink in, they sold 11 properties last year for a total per room key of 94K, a much more appropriate figure which makes sense. These properties were all top brand names as well.

This company just doesn't know how to acquire properties that aren't overpriced, and it's no wonder that they struggled to please investors and hold a decent share price BEFORE the pandemic.

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