Re:The WeWork IPO
by heymijo on Tuesday August 20, 2019 @07:24PM
(#20753255)
Does the Marriott REIT actually own its properties or lease on long-time lines like WeWork?
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Re:The WeWork IPO
by somethoughts on Tuesday August 20, 2019 @07:40PM
(#20753355)
The Marriott REIT is Host Hotels which is the owner of the physical properties. It does own all its hotels and Marriott leases them. Its a symbiotic relationship.
The analogy would be: Marriott is to Host Hotels as WeWork is to multiple office property owners
So that's a stark contrast. Host Hotels (Marriott) is sitting on an appreciable asset while WeWork has off-balance sheet operating leases.