Dallas Hilton Southlake folks?
So the Dallas Hilton Southlake has arguably been my best CS investment; the hotel seems to be doing well and has been doing regular distributions. Now, it seems, it is being folded into some sort of a portfolio of a bunch of hotels, with new money coming in. Lots of talk about how great this is, "tax-deferred liquidity", and so on, but it is hard to figure out what is really going on.
From what I can tell, I'll get about 25% of my original capital back when the deal closes, plus a "rollover" ownership in the new portfolio that is, they say, roughly equal in value to that initial investment. But I have no idea what I'll be able to do with that holding. There's a stream to watch tomorrow where, hopefully, I'll learn more and not just see brochures of all the nice properties they are putting together.
Anybody else out there involved in this, and perhaps understand more?