COMMENT OF THE DAY: DOWNTOWN HILTON GARDEN INN FURNITURE PLAN “Financing? WEDGE’s principal can find the money for this project in his couch cushions. According to ArabianBusiness.com, Issam Fares is currently the 32nd richest Arab on the planet with a net worth of $2.4 Billion.” [Bernard, commenting on Downtown Wallflower: A New Hilton Garden Inn?]
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Net worth is a tricky term. He could have very liquidity…
Plus, many commercial lenders are beginning to call notes – so any cash he does have could be going to pay off existing debt.
Interesting times.
I meant to say very little liquidity.