Originally Posted by craigthemif

If you can sell off real estate assets "for a profit", then Playa should be doing it themselves. But the longer the management contract, the less valuable the property. (unless you are locking in below-market management fees, which I would doubt)

"Use the capital for another acquisition"? If there's capital available they don't need to tie it up in Playa - just partner with a real estate hedge fund and save your capital for that "another acquisition"