Read the full story here Web Link posted Tuesday, September 15, 2015, 10:17 AM
Town Square
Larry Ellison buys Epiphany Hotel in Palo Alto
Original post made on Sep 15, 2015
Read the full story here Web Link posted Tuesday, September 15, 2015, 10:17 AM
Comments (3)
Posted by Cheap
a resident of Gemello
on Sep 15, 2015 at 1:35 pm
a resident of Gemello
on Sep 15, 2015 at 1:35 pm
If he charges $450/night and is 100% full and keeps 100% of the proceeds (no salaries, taxes, utilities) then he'll make his money back in 5 years. What a bargain.
Posted by @Cheap
a resident of Bailey Park
on Sep 15, 2015 at 1:48 pm
a resident of Bailey Park
on Sep 15, 2015 at 1:48 pm
Yes, because real estate values remain flat and never go up in Palo Alto. Hell the value of my house alone has doubled the price I paid 8 years ago
and I've done nothing to it what so ever(sorry neighbors, I have a to-do list though)
I think we're seeing why Larry is able to buy hotels on a whim and you're here complaining about his bad investments. So we should listen to you because you're NOT the wealthiest man in the Bay Area and you have NOT built a reputation of ruthlessly savvy investments over the past decades?
Interesting suggestion
Posted by mvman
a resident of Jackson Park
on Sep 15, 2015 at 3:08 pm
a resident of Jackson Park
on Sep 15, 2015 at 3:08 pm
He should change his last name to Allison, because he wants to buy All real estate. He's in his 70s and will be surrounded with silver dollars before long.
Don't miss out
on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Stay informed.
Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.
