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Bullboard - Stock Discussion Forum Temple Hotels TMPHF

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. see more

Bullboard (GREY:TMPHF)

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Post by micromikeon May 05, 2016 6:14pm

Temple Hotels Inc. - Fort McMurray Property Update

https://finance.yahoo.com/news/temple-hotels-inc-fort-mcmurray-221000434.html MISSISSAUGA, ON , May 5, 2016 /CNW/ - Temple Hotels Inc. ("Temple") (TPH.TO) continues to monitor the ...more  
Comment by KnowledgeSeekr8on May 05, 2016 2:04pm

RE:RE:RE:RE:Update

I guess other investors would agree that they will be busy (if they are left standing) with this 27% jump in the past 2 days. I almost bought some a couple of days ago to average down my holdings just ...more  
Comment by Hawkdogon May 05, 2016 10:59am

RE:RE:RE:Update

I was thinking the same thing. Also any hotels left standing should be busy after the fire with so many buildings damaged. Still can't believe the extent of the damage.  State of emergency ...more  
Comment by righand2on May 04, 2016 8:40pm

RE:RE:RE:Update

But TPH's Fort Mac hotels won't be losing money now. When people start streaming back to town, every hotel will be booked solid for years.
Comment by esviagraon May 04, 2016 7:06pm

RE:RE:Update

If the property destroyed is negative cashflow and it is a decent lump sum insurance payout - it may actually be a good thing.  You wash yourself off of a big problem - think of it like someone ...more  
Comment by misterlaseron May 04, 2016 6:55pm

RE:Update

I just heard a news report that mentioned the Super 8 specifically, but no others, so perhaps we're OK for now, who knows?
Comment by righand2on May 04, 2016 6:03pm

RE:RE:Update

I would imagine it would be at market value. But from the sounds of things, it is mostly houses that were lost, or other building close to the forest edge.
Comment by esviagraon May 04, 2016 5:33pm

RE:Update

Personally lucky enough to never had property damages.  How would insurance works in this case if the thing got destroyed?  A lump sum payment of the 'book value' / value at cost / & ...more  
Post by Matlockon May 04, 2016 4:18pm

Update

From the Vantage Inn & Suites Facebook page, posted 4 hours ago: "As far as we know right now our hotels in Gregoire are still intact."
Comment by righand2on May 04, 2016 12:26pm

RE:Article implies takeover of TPH.TO by MRC.TO

Basically, they have taken over, they just haven't paid us yet. :o)
Post by chasingthecheezon May 04, 2016 12:21pm

Article implies takeover of TPH.TO by MRC.TO

I was under the impression Morguard Corporation took over the management of Temple's assets. The way this article is written, you could get the impression Morguard took over the entire company ...more  
Comment by righand2on May 04, 2016 12:10pm

RE:RE:Not to be morbid, but......

Reports are that all residents got out safely. But the firefighters are still there, and our thoughts and prayers should be with them today.
Comment by misterlaseron May 04, 2016 11:48am

RE:Not to be morbid, but......

I agree with you, and so does the market action! Of course, it all depends on whether our hotels are still standing, but you know what? I can put up with not knowing that until we've worked out if ...more  
Post by righand2on May 04, 2016 11:43am

Not to be morbid, but......

Not to diminish the personal tragedies that are occurring as we type, the fire in Fort Mac will definitely help TPH's bottom line. Hopefully their hotels will survive, as there will be a huge ...more  
Comment by KnowledgeSeekr8on May 04, 2016 8:43am

RE:Fort Mc

Very tragic, I just heard on the news that 80,000 could be displaced. Apparently one of the worst forest fires in Canada for some time. Hope all get out safe and Temple is fully insured!