I’m shocked this hasn’t come up more in discussions about new deals - labor inflation in hospitality could get pretty nuts again. Assuming Contract Labor and small owner / operators are where all the undocumented workers sit (most likely), we can start to predict markets / asset types that are f’d

“I mean… is their guarantor investment grade? If not, that’s a complete bullshit pitch. This is sonder’s business model and it’s an absolute clusterfuck”

Thoughts on Sonder, for @ellliotttb.bsky.social

When asked in a DM on the other site what I thought about a group getting offered a NNN lease on their hotel to enable a refi, here was my response:

Ok, missed this bc apparently I don’t have notifications set up, but I’ll work to rectify that

Deliverance banjo playing

Driving for a tertiary market deal tomorrow… thoughts & prayers accepted