Temple Hotels TMPHF

Update

[Matlock]

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."

[esviagra]

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 / 'market value'.

[righand2]

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.

[misterlaser]

I just heard a news report that mentioned the Super 8 specifically, but no others, so perhaps we're OK for now, who knows?

[esviagra]

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 overpaying your loss making business.

[righand2]

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.

[Hawkdog]

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 declared for the province.

[KnowledgeSeekr8]

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 last week. Missed that opportunity.