FlyerTalk Forums - View Single Post - SVC REIT switch their 103 IHG hotels over missed payment to Sonesta (Nov 30, 2020)
Old Jul 27, 2020, 5:18 pm
  #7  
hotturnip
 
Join Date: Apr 2002
Location: Atlanta Metro
Programs: DL , AC, BA, Hhonors Diamond, IH Platinum, Bonvoy Gold, Hyatt Discoverist
Posts: 2,343
If you think of it as an average of $70K per hotel, the amount kind of makes sense. Higher end properties more, lower end less. I could see that being just what craig says above--prepayments, reimbursements, etc.

I wonder what IHG did with the money?
hotturnip is offline