Na so e be! One big real estate investment trust wey dey focus on hospitality don japa with sale of their 133-room hotel for $44.25 million. Dis one happen for 900 Hammond St., West Hollywood, and dem no even show who buy am.

As dem don cash out, dem go use the money to clear some debts wey dey stack for their neck, buy back some shares wey dem don give people, and also chase some other plans wey go make shareholders smile long-term. No be small thing!

According to dem, dis transaction no go disturb their quarterly pipeline or overall money sense for 2025 wey dem don release on November 5. E be like say dem dey manage their books well well.

For those wey no sabi, dis $44.25 million wey dem sell the hotel give dem make sense numbers: e represent earnings before all dem fancy deductions wey dem dey calculate (EBITDA) of 16.1 and net operating income (NOI) capitalization rate of 5.2% if dem jam small reserve of 4% for capital.

Na just recently, dem also sell 752-room Westin Michigan Avenue Chicago for $72 million. This one no be joke o! Na so dis real estate matter dey hot for town.

Abeg, if you dey jam any juicy real estate deal or dem start to dey collect your rent, make you chop dash small for your boys because dem don shine their eyes well well for investments wey fit bring the big bucks. All eyes go dey on how dem wan spend this kuckoo money!