I’ve looked at buying a number of buildings like this one over the past six months, and we own a couple office (mid) high-rises that we’ve converted to hotel.

I’ve looked at buying a number of buildings like this one over the past six months, and we own a couple office (mid) high-rises that we’ve converted to hotel. I can tell you there’s a massive delta between the “book value” these investors are claiming and the real market value for the foreseeable future, 3-5 yr horizon.