You're now on the archive server. Commenting has been disabled.
Get Your Aspen St. Regis Right Here, Get Monarch Beach Half Off
Cause you know selling luxury hotels ahead of a 90% ramp up in the S&P makes all the sense in the world.
Alternatively, it sure would make for a good change of scenery from Lou's Tavern. If Morgan Stanley is willing to finance the whole purchase, Paper Street Soap Company would be happy to invest exactly $0 equity.
»
- 2555 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- Bill Buckler Puts Things Back Into Perspective: "Of The Total US $15 Trillion Market Capitalization, The Fed Provided About Half Of That"
- Presenting The Capeless Crusader: The Deficit (Non) Super Committee
- Guest Post: Tune In, Turn On, Opt Out
- HFT Pays: Citadel's Griffin Buys Palm Beach Oceanfront For $80 Million
- Spain And Italy Were Both Best And Worst In 2012
I live a block away---place is like a ghost town
I live up the street from the St Regis and the Ritz Carlton in Dana Point, the Ritz being a mere block away from the St Regis and it is planning it's biggest expansion ever...go figure.
Lovely property, wonderful view.
Note the pretty charts seem to end at 2007. And the pro forma has hockey-stick projections of occupancy and RavPAR.
In Monty Python speak:
"Beautiful bird, lovely plumage!"
I've been short LHO and HOT for a couple weeks now (ouch), it will be interesting to see what price they get on the sale. This will be a good predictor for things to come in the hotel industry. Wonder if they will writedown the value of their other hotels based on the sales price they will get for this charlie-foxtrot of a hotel.
Rates down to $419 per night on all major travel websites for a summer weekend stay. This might be typical though for summer.
Goldman Sachs makes 4 x MORE revenue in a SINGLE DAY than this hotel (which is one of the great ones on the planet) makes in an ENTIRE YEAR. $145 million per day for Godman Sucks, and $34 million per year for the Regis Aspen. F'd up!
Looks too unrisky for CALPERs new investments:
California Pension Fund Hopes Riskier Bets Will Restore Its Health
http://www.nytimes.com/2009/07/24/business/24calpers.html?_r=1&scp=2&sq=calpers&st=cse
I feel the need to state that the link is NOT satire.
lols, that just cracked me up!
On the bright side, at least the headline didn't say "Pension fund hopes bets at Churchill downs will improve its health"
...well...at least not yet. With the way things are going, that might be in the works.
I'd venture to guess that Bets at the Derby may actually provide CalPERS with BETTER odds and better risk-management options than their current plans/proposed plans...
I mean without question, Roulette or even Craps would be a much better option, methinks, with less $ pissed-away on commissions and whatnot.
Losers average losers.
The latest Obama outrage
The following Obama annoucement of another Goldman czar will be the final nail in the coffin of the economy and the Taxpayer. Now we want to save billionaires.
loomberg: Obama Appoints CRE Czar 24-Jul-09 11:09 am
WASHINGTON, July 24 (Bloomberg)--- The Obama Administration announced today the appointment of D.C. attorney and former Goldman Sachs Chief real estate officer Rufus Shemanski, to the newly appointed post of Commercial Real Estate (CRE) Czar.
In a garden ceremony this morning on the South Lawn the President announced "We are pleased to have Mr Shemanski join our team in battling our failing economy."
CRE has been hailed as the 'next shoe to fall' in what is already a real estate market on the verge of collapse. Timothy Geitner was also at the ceremony and said off the record, "There's no way, we'll prop it up with whatever takes. Mr Shemanski will have at his disposal our full arsenal of weapons granted to us by Congress under the Tarp Program."
Shemanski is considered another coup for the Obama team as he will join a team of Czars that has the experience and synergy bred at legendary Wall Street investment banking firm, Goldman Sachs. "If anyone can fix CRE, this is the man for the job." Former Treasury Secretary Hank Paulson said in an interview Cozumel.
Please. By misspelling loomberg, I sincerely hope that you are signaling this as satire... Phew!
I guess the business of selling wealthy women their own fat asses back to them must be recession proof.
Stayed there in January. Beautiful place. Great service.
Stayed there last August. Old, moldy, gross. Service was fawning, yet bad. Definately not worth the price.
Love the charts showing 2005, 2006 and 2007 data. Where's 2008 or 2009? Oh wait, in the shitter I believe. Also, guys, your captcha can be parsed easily with a regular expression. Get OCR obscured pictures.