Wed, Apr 16, 2014, 7:21 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Supertel Hospitality, Inc. (SPPR) Message Board

  • m.swanger m.swanger Apr 2, 2012 4:40 PM Flag

    new hotel

    what are your thoughts on the Solomons hotel purchase? Price seems Ok and fits in with a nearby lower room rate motel they own. But no mention was made whether this would add to earnings in the near term. Or did I miss it? Comments?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • i'm not sure that it's good or bad that they're buying into a market where they're already owners. Does this give them more insight into what they're in store for? Maybe. Also, in order to judge whether this is a good investment, we'll need to see what the rate of capitalization is. I would look at this as a positive since they their properties in that region perform better than those in the midwest. It will begin to impact earnings once the sale is complete, which could be a little while; a week, a month, 3 months, who knows? Overall, this is a positive, but just the beginning in their turnaround.

 
SPPR
1.720.00(+0.01%)Apr 16 2:52 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.