Marc Falcone
Marc Falcone
broader hotel interests trend
The broader trend is private-equity interests in hotel assets.
announced believe build currently deep depth despite given ground growth labor limited needed phenomenal pool portion proceed projects provide talent
Despite the phenomenal growth of Las Vegas, the construction talent pool is not deep enough to provide the needed labor to build all currently announced projects. We believe if all announced and anticipated projects were to proceed before the end of the decade, a significant portion would not get off the ground given the limited depth of the construction talent pool, most importantly subcontractors.
business convention displaced help stimulate vegas
Plus, Las Vegas will be the beneficiary of displaced convention business (from New Orleans), which will help stimulate demand.
america city compared disney great north san top value vegas york
Las Vegas is one of the top destination getaways in North America and a great value compared with the alternatives such as Disney World, New York City and San Francisco.
area business certainly company concern depress exposure impact largest markets near pinnacle recent suffered
Much of the surrounding area and feeder markets suffered considerable damage, which could certainly depress business in the near term. Pinnacle has the largest exposure to the market, which is a concern considering the recent impact to the company from Katrina.
believing hard project time turn
I have a hard time believing they would turn away if the project were to come in at, say $1.3 billion.
market percent premium rates tracking
Wynn rates are tracking at a 10 percent to 15 percent premium to the market and are averaging $300-$330 through November.
ability expecting globally investors management mgm mirage reflective repeatedly strategic strength type
As we've repeatedly said, this is the type of announcement that is reflective of the strength of MGM Mirage management and its ability to find strategic opportunities globally when investors are least expecting it.
brand clear couple great name next people surprise top
They have a clear strategy, a great brand name and top assets. CDI could surprise some people in the next couple of years.
brand clear couple great name next people surprise top
They have a clear strategy, a great brand name and top assets, ... CDI could surprise some people in the next couple of years.
beat cents per projected results
When you take out the one-time charges, they actually beat the projected results by 10 cents per share.
believe bids both colony higher likely
We believe that higher bids could be likely from both Colony and Pinnacle.
believe benefit coast continued currently growth percent revenue strip vegas
We believe that Boyd should also benefit from this continued Las Vegas locals growth, so we're currently projecting 9 percent (third-quarter) revenue growth for its Boulder Strip and Coast properties.
bit caught guard investors price
Investors may be caught a little bit off guard by the price tag.