Friday, June 19, 2009
New TARP regulations highlight need for polices, controls, reporting
Here is an update
Labels:
Hotels - other
Sunstone Hotel Investors Announces the Sale of the Marriott Riverside, California for Gross Proceeds of $19.3 Million
So the CEO states
Art Buser, President and Chief Executive Officer, stated, "The sale of the Marriott Riverside demonstrates our ability to monetize non-core assets at an attractive valuation in a very challenging transaction environment.
So the hotel was sold at 10.1 times 2009 EBITDA. Yes its a good multiple, but in a DOWN year. The hotel sold for $66K per room?
Check out the web site http://www.marriott.com/hotels/travel/ralmc-riverside-marriott/
It says "newly renovated rooms"
Art Buser, President and Chief Executive Officer, stated, "The sale of the Marriott Riverside demonstrates our ability to monetize non-core assets at an attractive valuation in a very challenging transaction environment.
So the hotel was sold at 10.1 times 2009 EBITDA. Yes its a good multiple, but in a DOWN year. The hotel sold for $66K per room?
Check out the web site http://www.marriott.com/hotels/travel/ralmc-riverside-marriott/
It says "newly renovated rooms"
KFC grilled chicken coupon holders file lawsuit, allege 'bait and switch'
This is good
Labels:
Legal,
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