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Sep19
$50M Debt Mortgage Offer Completed
When I saw this earlier, I meant to write about it then but was temporarily distracted. I was looking at the Memphis Business Journal and it shares a story about Equity Inns complete a $50M mortgage debt offering. This $50M is of senior mortgage debt. They are using nine hotel properties as collateral for the loan. Now that is using leverage to your benefit wouldn't you say. The hotel will have people in them I imagine all th time. Is there anything that could be a no win about this deal? Personally the only thing I could see is if the hotel properties were vacant. Otherwise I am sure they have looked at the long term benefit of this offering being completed.

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