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Re: loanshark007 post# 39437

Tuesday, 11/30/2021 9:11:47 PM

Tuesday, November 30, 2021 9:11:47 PM

Post# of 50126
Less than 400K per year or about 10% of the revenue now.
I still think they are better off selling this...it's not a major revenue producer anymore now that ARIA is operational, does not seem to be included in any future expansion plans, and they need to reduce debt even a couple of million in incoming cash would help.
Also, we know from the current lease terms that the tenant has the option to purchase for $10M when it expires early next year...so $10M is probably a good estimate given inflation and property values skyrocketing the way they have
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