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Specifically does AHT have enough equity in the properties to refinance them with the tighter lending standards?
How fast can you say "non-recourse debt?"
http://finance.yahoo.com/news/Ashford-Hospitality-Trust-prnews-3431200561.html?x=0&.v=1the banks are looking at proforma Q3 results and other data that we aren't seeing and they're willing to lend $105M to AHT unsecured. That certainly says a lot. I hope Ashford announces an additional $100M stock buyback program next....
What tighter lending standards? Lending standards were simply impossible not that long ago. AHT survived that. Anything else is a comparative breeze.