FYI, I asked Steve H. about the scope of the long term build outs with Host over the 18 month period. I figured that Tivus would probably submit 10-15 units. However, Steve has responded and indicates to me that Tivus submitted a proposal with:
50 hotels, all in major advertising markets.
I can certainly understand a delay with the scope of that proposal. Host must want to take a good look at this because this type of a proposal is probably well above the $100,000,000 level. That isn't chump change by any standard and well above anything I thought might be offered. That does approach ORCA levels. R3 Fry Guppy
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