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h_man_investor

07/02/14 8:29 AM

#177 RE: Enterprising Investor #174

Unfortunately names don't really matter much and it's ownership that matters. Grace I doesn't own any of Whitehall or Goldman Sachs and only a sliver of 106 hotels of those in your reply.

Additionally, they are not paying $1.45b cash either. In fact they are only paying $498mm in cash and are assuming $976mm in mortgage debt.