Examples of Midwestern Portfolio in a sentence
The Branded Hotels currently consist of the hotels comprising the Pittsburgh Portfolio, the Virginia Portfolio, the NC/GA Portfolio, the Texas Portfolio, the Oklahoma Portfolio, the NC/FL Portfolio, the Midwestern Portfolio, the Florida Portfolio, the Florida/Tennessee Portfolio, the Florida 6 Portfolio, the Sunstone Embassy Suites Portfolio and the Midwestern 3 Embassy Suites Portfolio.
The Branded Hotels currently consist of the hotels comprising the Pittsburgh Portfolio, the Virginia Portfolio, the NC/GA Portfolio, the Texas Portfolio, the Oklahoma Portfolio, the NC/FL Portfolio, the Midwestern Portfolio and the Florida Portfolio.
For the 105-day period from the acquisition date of the Midwestern Portfolio to September 30, 2015, AHIP recognized revenues of $5,133 and income from operating activities of $1,438.
For the 13-day period from the acquisition date of the Midwestern Portfolio to June 30, 2015, AHIP recognized revenues of $680 and income from operating activities of $185.
Midwestern Portfolio Term Loan:On June 18, 2015, certain AHIP subsidiaries (“Midwestern Portfolio Borrowers”) entered into a loan agreement with a major international bank for a $32,000 commercial mortgage backed securities (“CMBS”) loan for a term of ten years maturing on July 6, 2025, at an interest rate of 4.24% per annum.
If the Midwestern Portfolio had been acquired on January 1, 2015, the proforma revenues for the three and six months ended June 30, 2015, would have been $4,281 and $8,082, respectively, and the proforma income from operating activities for the three and six months ended June 30, 2015, would have been $1,307 and $2,640, respectively.
If the Midwestern Portfolio had been acquired on January 1, 2015, the proforma revenues for the nine months ended September 30, 2015, would have been $8,734, and the proforma income from operating activities for the nine months ended September 30, 2015, would have been $3,893.There have been no changes to the amounts previously reported.