CLOs by day, moonlight as a special sits/event-driven investor by night over at Clark Street Value
Joined May 2013
- Tweets 1,350
- Following 1,164
- Followers 7,733
- Likes 3,795
14 Photos and videos
Anyone looking at $OCTV? Recent spin from Hexagon. The spin dynamics interest me, Swedish co spinning off a U.S. business through SDRs, company encouraging transfers to U.S. listing, probably some (not sure how much?) forced selling. Seems like a decent business? 15x adj EPS
2
2
21
5,028
He should know, TCW managed a few CDO squared deals
Mar 12
A Private Credit Fund of Funds in 2026 seems to rather closely resemble a CDO-squared in early 2007.
3
2
99
20,341
Nice comps for $BHR
Feb 19
🏨 Host Hotels & Resorts Sells Four Seasons Resorts in Orlando and Jackson Hole for $1.1 Billion
$HST Host Hotels & Resorts has officially announced the sale of two iconic Four Seasons properties for a staggering $1.1 billion.
📍 The Portfolio Shift
* Four Seasons Resort Orlando at Walt Disney World Resort: The 444-key luxury destination was sold for approximately $750 million.
* Four Seasons Resort and Residences Jackson Hole: The 125-key mountain retreat in Wyoming was also part of the $1.1B combined exit.
* The Buyer: Reports indicate an affiliate of merchant bank BDT & MSD Partners is the new owner of both prestigious assets.
💰 By The Numbers
* Host acquired these properties in 2021 and 2022 for a total of $925 million, netting a significant profit in just a few years.
* The sale represents a 14.9x EBITDA multiple and an 11% unlevered IRR during the holding period.
* Host also closed the sale of the 232-key St. Regis Houston for $51 million this past January.
🎯 The Strategy
* CEO Jim Risoleo noted that this move is a "step in advancing Host’s capital allocation strategy"
* Monetizing assets at attractive, accretive multiples.
* Strengthening the balance sheet for future opportunities.
* Maximizing shareholder value through opportunistic long-term positioning.
Since 2018, Host has sold hotels totaling $6.4 billion, proving that the luxury real estate market remains incredibly resilient.
costar.com/article/174913590…
2
8
5,415
clarkstreetvalue.blogspot.co…
Put together a quick update, thought the HST management commentary nicely confirmed BHR's belief in the buyer pool.
2
1,210
Is there anything to do with the $LNW delisting? Odd move to leave the U.S. market, they’re accelerating their buyback ahead of the delisting, might be some forced selling. Wait to pick up the orphaned OTC shares? Despite today’s bump, trades cheap compared to ASX peers
1
1
12
7,266
MDC retweeted
1 Jul 2025
Today Marlton formally nominated four highly qualified, independent directors to the $TURN Board. It’s time for accountability and change.
Full release: prnewswire.com/news-releases…
#CorporateGovernance #ShareholderRights
2
4
17
6,006
$HHH: The Reference Share Count does not change in the event the Company issues additional shares to raise equity, to acquire a company for stock, or to provide equity compensation to employees. As a result, the management fee will not increase due to share issuances.
1
9
4,552
@BillAckman should this read the Reference Market Price? think it might be a typo?
1
7
3,088