Wyndham hotel loan note - 24% return

Discussion in 'Other Asset Classes' started by DrunkSailor, 14th Apr, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. DrunkSailor

    DrunkSailor Well-Known Member

    Joined:
    25th Jun, 2017
    Posts:
    756
    Location:
    Melbourne
    DrunkSailor, 14th Apr, 2018
    #1
  2. hobartchic

    hobartchic Well-Known Member

    Joined:
    11th Sep, 2017
    Posts:
    1,513
    Location:
    Hobart
    How do you know it isn't a con?
    There's no guarantees in hospitality.
    I imagine repeated attacks in France are not helping revenue.

    Safer options:
    If you want to invest in a hotel/motel buy one you can see.

    Or invest in shares in a hotel group.
     
    hobartchic, 14th Apr, 2018
    #2
    DrunkSailor likes this.
  3. L3ha7

    L3ha7 Well-Known Member

    Joined:
    24th Apr, 2016
    Posts:
    858
    Location:
    Syd
    Very tempting but I am with @hobartchic ,

    What if it is a con?
     
    L3ha7, 14th Apr, 2018
    #3
  4. Ouga

    Ouga Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,100
    Location:
    "Trying is the first step towards failure" Homer
    Definitely does not sound right.
    Too good to be true and all that.
     
    Ouga, 14th Apr, 2018
    #4
  5. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,353
    Location:
    Perth
    Note on entering the site

    So presumably high risk ventures or yes could be a con. Eyes wide open stuff
     
    Westminster, 14th Apr, 2018
    #5
    Perthguy likes this.
  6. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    3,358
    Location:
    Brisbane
    Seems at bit odd
    Why do they offer such a high return ...surely they could borrow the money at 3pc in London
     
    Beano, 14th Apr, 2018
    #6
  7. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

    Joined:
    12th Jul, 2015
    Posts:
    2,219
    Location:
    Melbourne, Australia
    The slightly-off grammar suggests to me the website was not made or commissioned by anyone in the UK. "Only 1.3m. raise" . Presumably this is not supposed to mean "Only 1.3m raised so far" so I guess it is supposed to mean "we only need to raise 1.3m" or "only 1.3m worth of investment opportunity available". Either way the grammar/sentence is slightly off.
     
    JacM, 15th Apr, 2018
    #7
    kingster, Perthguy and Joynz like this.
  8. hobartchic

    hobartchic Well-Known Member

    Joined:
    11th Sep, 2017
    Posts:
    1,513
    Location:
    Hobart
    Which usually (though not always) indicates a con. They want to target the kind of demographic that will not notice and weed out those that will (not an easy target).
     
    hobartchic, 15th Apr, 2018
    #8
    JacM likes this.
  9. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,863
    Location:
    Darwin
    If it quacks like a duck....
     
    hammer, 15th Apr, 2018
    #9
  10. The Falcon

    The Falcon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,426
    Location:
    AU
    Geezus. Dont even know where to begin.
     
    The Falcon, 16th Apr, 2018
    #10
    Perthguy and unwillingwillis like this.