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Where do you get that idea? My calc says about 150k over book.
I am saying the by of the hotel was 1.9m not the amount over the bv. So your calc is correct.
if they bought that motel in 2007 for $3.5 mil. and just sold it for $2mil. how do you figure they made money?Book value is irrelevant on this-bottom line is 5 years later they sold a property for $1.5mil.less than they paid for it. Comments?