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The document in question mentions them having over 4,000 managed properties, assuming an average of $1,000/month for each one of those, across the 2 years betwe
by delecti 12y ago
The document in question mentions them having over 4,000 managed properties, assuming an average of $1,000/month for each one of those, across the 2 years between October 2012 and now, that's $96,000,000. I seriously doubt $600,000 is enough to make the venture unprofitable.
Even if I'm off by two full orders of magnitude it'd still be $960,000, and it's possible I'm undercutting the truth.
- kstrauser 12y agoI think $600,000 for this incident makes the net venture still profitable. I'd bet that $1,800,000 for each future incident (assuming treble damages because they'd already been penalized for this once) would make it very unprofitable very quickly.
- tjohns 12y agoIt sounds like they were only blocking connections at one specific property (Gaylord Opryland Hotel and Convention Center in Nashville, Tennessee), which changes the math a bit. Also, don't forget the cost of doing compliance audits across all of their properties for the next three years, which is not going to be cheap either.