TSX:HOT.DB.V - Post by User
Comment by
EstevanOutsideron Nov 08, 2023 9:00am
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Post# 35723210
RE:RE:Distribution gone
RE:RE:Distribution goneTheir interest rate coverage was 2x at 4.53%. New financing likely done at 8-9%? macro faltering while US hotel numbers are not improving but getting worse with inflationary costs on the rise and unable to recoup costs.
Crappy management team to cut twice in 3 years though.