I am amazed Truman can financially support the level of development they are. Thinking back to their size only a decade ago, that's a wild amount of scaling up they have done. Add another $1.5B to their portfolio with these hotels. Impressive stuff.
To see this one through, just got to hope we don't have a global recession and economic collapse before shovels get in the ground . Hopefully we break the trend - often the biggest projects are announced right before the next crash! Luckily, we often finish them.
- Telus Sky (2013 announced, 2015 crash)
- Brookfield Plan (2012 announced, 2015 crash)
- The Bow (2006 announced, 2008 crash)
It would be fascinating to know more about how the financing works for such a large and rapidly growing portfolio at a company like Truman.