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Strategies & Market Trends : Value Investing
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To: Arthur Radley who wrote (35053)8/8/2009 11:09:45 PM
From: Paul Senior1 Recommendation  Read Replies (2) of 78751
 
Distressed $1-2M hotels/motels should provide a good opportunity for the Patel clan and other Indian immigrants.*
(Supertel with enterprise value of $230M owns 120 hotels in 24 states.) For a recent immigrant or someone already in the business, a hotel/motel purchase is a good way to buy yourself/family members a job, put family members to work, and get authorization from Feds to bring over more relatives (since the family sponsor can guarantee to the gov't that the arrivals have a job).

There will be a market demand for these hotels from this category of buyer. Although...I wouldn't want to be in a tough situation and have to negotiate a sale with these sharp guys.

*"43% of the 47,000 hotels and motels in the USA are owned by Indian-Americans."
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