Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I don't know much about the economics of hotels but wouldn't the prices have been more attractive during the recession compared to today?


Indeed. And for all they have a reputation as great value investors, Jim Tisch and friends sat on a pile of cash during the greatest real estate buying opportunity of the last thirty years. There's a lot to be said for the "great business at a fair price" model -- not least in terms of opportunity costs.

As you say, hotels are a small part of the equation. CNA is a far bigger millstone. I mean asset.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement