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Temple Hotels TMPHF

Consumer Cyclical Leisure
Temple Hotels Inc owns hotel real estate in primary and secondary markets across Canada. Its segments include Fort McMurray, Other Alberta, and Other Canada. The properties portfolio of the company include British Columbia Properties, Alberta Properties, Saskatchewan Properties, Manitoba Properties, Ontario Properties, Nova Scotia Properties, and Northwest Territories Properties among others.


GREY:TMPHF - Post by User

Temple Hotels > Temple Hotels Inc. Reports 2019 Second Quarter
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Comment by MOJOJONOon Aug 08, 2019 8:27pm
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Post# 30009014

RE:Temple Hotels Inc. Reports 2019 Second Quarter

RE:Temple Hotels Inc. Reports 2019 Second QuarterOoof.... Revenue declines and covenant breaches, but the better news is they can resolve the breaches.

At June 30, 2019, the Company was not in compliance with debt service covenants affecting seven mortgage loans in the aggregate amount of $102.9 million. The loan covenant breaches are expected to be resolved by debt refinancings, loan modification agreements and/or waiver of the covenant requirements. Subsequent to June 30, 2019, the Company received a waiver in regard to one mortgage loan with an aggregate principal balance of $14.5 million.

 
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