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THE FOOL’S EYE VIEW

How to take stock of a hotel's value?

Traditional use of price-to-earnings ratio can be misleading

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HAVE you ever thought about what a hotel really is? Is it just somewhere we stay for a few days when we go on holiday? Or are they those big red counters that we use to represent the most valuable assets in Monopoly?

Thing is, a hotel is nothing more than an asset that is rented out to

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