GREY:TMPHF - Post by User
Comment by
KnowledgeSeekr8on May 09, 2016 1:36pm
130 Views
Post# 24854580
RE:RE:RE:RE:Smoke damage
RE:RE:RE:RE:Smoke damageAgreed, business interruption insurance will limit the downside on the Q2 earnings for the weeks that they are not operating in May. I'm not sure how those payouts are calculated from the insurers as they only had 50% occupancy for sometime, so I would have to assume the insurers would only cover on that basis. But moving forward on the rebuild of the area, we should be packed solid for the foreseeable future. Hopefully until the oil prices return to $80+ per barrel and the hotels will again be full from these oil workers. GLTA