GREY:TMPHF - Post by User
Post by
DanielDarden123on Feb 19, 2018 4:03pm
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Post# 27584095
Assumptions
AssumptionsCan be blinding. If the Holiday Inn, Sherwood Park, AB. Is an indication of the direction of valuations of hotels in Western Canada, then they are also misleading and dangerous to your wealth. It was purchased for $17.4M then written down $5.2M upon sale in Sept/17. Cap rates have gone up since then making refinancing $325M before Sept./18 more difficult.